Introduction to Actuarial Science - Australian National University

edX

Course

Online

Free

Description

  • Type

    Course

  • Methodology

    Online

  • Start date

    Different dates available

This course readies you for a career as an actuary in finance, investments, banking or insurance. The following course, offered by Edx, will help you improve your skills and achieve your professional goals. During the program you will study different subjects which are deemed to be useful for those who want to enhance their professional career. Sign up for more information!

Facilities

Location

Start date

Online

Start date

Different dates availableEnrolment now open

About this course

Secondary school (high school) algebra, calculus and probability among other basic mathematical concepts

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Reviews

This centre's achievements

2017

All courses are up to date

The average rating is higher than 3.7

More than 50 reviews in the last 12 months

This centre has featured on Emagister for 8 years

Subjects

  • Actuarial Science
  • Economics
  • Finance
  • Banking
  • Insurance

Course programme

Actuary is rated the best job of 2015 by CareerCast.com because it pays well and offers abundant opportunities for advancement. You may have heard of actuarial science, or you might even know an actuary, but do you know what an actuary does? During the course you’ll hear from a wide variety of actuaries about their careers. And don’t be scared that the course will be “just a whole lot of mathematics”. Together, we will go beyond the math to learn how actuaries approach problems relating to risk, using examples from: Finance Investments Banking Insurance You will learn how actuarial science applies mathematical and statistical methods to assess risk in these industries and other professions. You’ll experience “hands-on” learning using Excel (or an equivalent spreadsheet tool) to project and investigate the financial condition of a company choosing appropriate strategies for the company through the use of simulations. The course has been carefully designed for students from a wide variety of backgrounds, with secondary/high school level being the only assumption of mathematical background. Even if you don’t have any background in, for example, calculus, the course has been designed so you can skip over these sections without affecting your understanding of the rest of the course. You also do not need to have any Excel or other spreadsheet background to take the course. For those with stronger mathematical backgrounds, extension questions are provided to test you further. You’ll learn a huge amount about actuarial science no matter what your background is! Join us today.


What you'll learn
  • The basics of actuarial science
  • Valuing series of cash flows
  • Incorporating uncertainty into cash flows due to investment and mortality
  • Monte-Carlo simulation of uncertain cash flows in Excel (or an equivalent spreadsheet tool)
  • Applying actuarial techniques to life insurance and predicting human life expectancy
  • How actuarial science is used in finance, investments, banking and insurance

Additional information

Adam Butt Adam is a Senior Lecturer in Actuaries Studies and Statistics at the Australian National University (ANU). He is also a Fellow of the Actuaries Institute (Australia). He completed his PhD at ANU in 2011 on the actuarial implications of funding closed defined benefit pension/superannuation schemes. He also completed a Master of Higher Education at ANU in 2013 and has been heavily involved in education delivery and policy with the Actuaries Institute.

Introduction to Actuarial Science - Australian National University

Free