Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Piet de Jong
Contact via piet.dejong@mq.edu.au
E4A 610
Tues 15h-16h
Lecturer
Jim Farmer
Contact via via forum -- please post
please use forum
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
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Corequisites |
Corequisites
ACST851 and (STAT806 or STAT810 or (ACST601 and ACST604))
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Co-badged status |
Co-badged status
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Unit description |
Unit description
This unit covers the analysis of cash flows dependent on uncertain events of mortality. Single decrement survival models will be used to evaluate the expected present values of payments under life insurance and annuity contracts, and calculate the premiums of such contracts. The concepts of pricing and reserving for future contingent liabilities are considered, and the methods of calculating required reserves will be discussed.
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Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
To be eligible to pass this unit, a pass is required in the final examination
Standardised Numerical Grade (SNG) will be awarded based on your overall performance. An SNG gives you an indication of how you have performed within the band for your descriptive grade. The SNG is not a mark, and you may not be able to work it out based on your raw examination and other assessment marks. Nor are you able to determine you are “one mark away” from a different grade.
Supplementary Exams. Further information regarding supplementary exams, including dates, is available here http://www.businessandeconomics.mq.edu.au/current_students/undergraduate/how_do_i/special_consideration
Name | Weighting | Due |
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Assignment 1 | 10% | 29/082014 |
Class Test | 10% | 9/09/2014 |
Assignment 2 | 10% | 14/11/2014 |
Final Examination | 70% | TBA |
Due: 29/082014
Weighting: 10%
Perform various calculations to do with life insurance contract valuation
Due: 9/09/2014
Weighting: 10%
One hour in class test
Due: 14/11/2014
Weighting: 10%
Reserving calculations
Due: TBA
Weighting: 70%
3 hour exam scheduled as per exam timetable.
We will follow Lecture Notes 1-11 in order at a pace consistent with class understanding.
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Academic Honesty Policy http://mq.edu.au/policy/docs/academic_honesty/policy.html
Assessment Policy http://mq.edu.au/policy/docs/assessment/policy.html
Grading Policy http://mq.edu.au/policy/docs/grading/policy.html
Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html
Grievance Management Policy http://mq.edu.au/policy/docs/grievance_management/policy.html
Disruption to Studies Policy http://www.mq.edu.au/policy/docs/disruption_studies/policy.html The Disruption to Studies Policy is effective from March 3 2014 and replaces the Special Consideration Policy.
In addition, a number of other policies can be found in the Learning and Teaching Category of Policy Central.
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This graduate capability is supported by:
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This graduate capability is supported by:
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