units

ETC4110

Faculty of Business and Economics

Undergraduate, Postgraduate - Unit

This unit entry is for students who completed this unit in 2013 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

print version

6 points, SCA Band 3, 0.125 EFTSL

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LevelUndergraduate, Postgraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Econometrics and Business Statistics
OfferedNot offered in 2013
Coordinator(s)Mr Graham Forbes

Synopsis

Unit ETC4110 covers the subject material required for Actuaries Institute subject Part IIA The Actuarial Control Cycle. The student is introduced to the concept of the Actuarial Control Cycle and how it can be applied in practical commercial situations in a wide range of insurance and related applications. This covers life insurance, general insurance, health insurance, pension or superannuation funds and investment issues. The unit also develops the student's understanding of a wide range of commercial background matters in insurance, pensions and investment - covering features of financial products, the related business environment in Australia, and Government policies affecting insurance and related industries. Risk management is introduced both in terms of the risk issues involved in offering insurance and related financial products, and the general concepts of Enterprise Risk Management.

Outcomes

The learning goals associated with this unit are to:

  1. discuss and apply an actuarial control cycle in a variety of practical commercial situations
  2. apply the tests of professionalism
  3. examine the need for and impact of regulation and government policy on medium and long term commercial decisions
  4. analyse the main features and risks of financial products and contracts, from the point of view of consumers and providers
  5. demonstrate an understanding of enterprise risk management and its role in organisational management
  6. apply a risk assessment framework to identify and assess the risks in a range of commercial situations.

Assessment

Within semester assessment: 40% Examination: 60%

Chief examiner(s)

Contact hours

Two x 1 hr lecture/week
One x 1 hr on-line discussion (to be monitored and assessed)/week

Prerequisites

Enrolment in this unit is not available via WES. Head of Department approval is required prior to enrolment.