Risk Theory
Course Level Undergraduate
Area/Catalogue
MATH 3020
Course Level
Undergraduate
Offered Externally
No
Course ID
100310
Unit Value
4.5
University-wide elective course
No
Course owner
School of Information Technology and Mathematical Sciences
Course aim
The aim of this course is to equip students with the foundation in mathematics, probability, statistics and finance necessary for applications in the insurance and financial markets.
Course content
Risk Measures; Choice Theory; moment generating functions; loss distributions (exponential, gamma, Pareto, Weibull, lognormal); parameter estimation and reinsurance; risk theory; ruin theory; Bayesians statistics; decision theory; credibility theory; run-off triangles (methods for projecting claims).
Textbook(s)
Nil
Prerequisite(s)
| Common to all relevant programs | |
|---|---|
| Subject Area & Catalogue Number | Course Name |
| MATH 2020 | Statistical Foundations |
Corequisite(s)
| Common to all relevant programs | |
|---|---|
| Subject Area & Catalogue Number | Course Name |
| MATH 2020 | Statistical Foundations |
Teaching method
| Component | Duration | ||
|---|---|---|---|
| INTERNAL, CITY WEST | |||
| Lecture | 3 hours x 13 weeks | ||
| Tutorial | 1 hour x 12 weeks | ||
Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.
Assessment
Assignment 1, Assignment 2, Examination
Fees
EFTSL*: 0.125
Commonwealth Supported program (Band 2)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.
Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.
* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.
Course Coordinators
Degrees this course is offered in
