MATH3010

MATH3010: Contingencies 2

Science and Engineering

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About this Unit

This unit covers the pricing and valuation (reserving) of financial contracts involving multi-decrements and multiple lives. Practical knowledge is presented alongside mathematical techniques relevant to actuarial practice in life and health insurance and superannuation (pensions). The principles of cashflow modelling are discussed including such topics as choice of model, deterministic and stochastic models and use of scenario and sensitivity testing. Practical, hands-on modelling experience is developed through the use of Excel spreadsheets (students are assumed to have basic Excel skills prior to commencement of this unit).

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Unit Details

Credits25

Contact Hours4 Weekly

Result TypeGrade/Mark

AreaSchool of Electrical Engineering, Computing and Mathematical Sciences (EECMS) (1153)

Field of Education010101 Mathematics

Handbook View Official Handbook Page →

Tuition Pattern

Lecture1 x 2 hours weekly
Tutorial1 x 1 hour weekly
Workshop1 x 1 hour weekly

Prerequisites

PrerequisitesSelect One

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