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Area/Catalogue
MATH 5038

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Course Level
Postgraduate

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Offered Externally
No

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Course ID
100851

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Unit Value
4.5

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University-wide elective course
No

Course owner

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 5040 Statistical Foundations M

Corequisite(s)

Nil

Teaching method

Component Duration
INTERNAL, CITY WEST
Lecture 3 hours x 13 weeks
Tutorial 1 hour x 12 weeks
Directed Study (Meetings and activities as agreed with Course Coordinator) N/A x 13 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:
How to determine your Commonwealth Supported course fee. (Opens new window)

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:
How to determine the relevant non award tuition fee. (Opens new window)

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

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