B6014 Master of Actuarial Studies
Course Director: Colin O’Hare
[email protected]
Course map for students commencing Semester 1, 2017.
Course structure and requirements
The course comprises 96 points structured into three parts: Part A. advanced preparatory (24 points), Part B. Mastery knowledge (60 points)
and Part C. Application studies (12 points).
Students who have completed the following entry requirement may apply for up to 12 points credit under Part C.
 An Australian honours degree in any field or equivalent
Students who have completed one of the following entry requirements may apply for up to 36 points credit under Part A and Part C.
1. An Australian bachelor degree or equivalent in any field AND an Australian graduate certificate or equivalent in a related field.
2. An Australian bachelor honours degree in a related field.
All units are offered at Clayton Campus unless stated otherwise.
Key to teaching periods: 1 = Semester 1; 2 = Semester 2; D = Day class; E = Evening class
Part A: Preparatory knowledge (24 points)
Teaching periods
Students must complete the following four units
BFC2340
Debt markets and fixed income securities
1D; 2D
ETC2410
Introductory econometrics
1D; 2D
ETC2430
Actuarial statistics
1D
ETC5252
Probability and statistical inference for economics and business
2D
Prerequisites
Part B: Mastery knowledge (60 points)
Teaching periods
Students must complete the following ten units
ECF5923
Macroeconomics and monetary policy
Caulfield: 1D
ECF5927
Managerial economics
Caulfield: 1D
ETC4110
Actuarial practice I
ETC2430 or 24 credit points
1D
ETC4120
Actuarial practice II
ETC4110
2E
ETC4130
Asset liability management
ETC4110 or Permission
2D
ETC5342
Applied insurance methods
ETC5252
ETC5343
Financial mathematics under uncertainty
ETC2430 or Permission
2D
1D
ETC5346
Financial econometrics
Permission
1D
ETC5351
Modelling in finance and insurance
ETC5252
1D
ETC5353
Insurance and pensions
BFC2340 or ETC2430 or Permission
2D
Part C: Application studies (12 points)
Students must complete two units (12 points) of electives at either Level 4 or 5 offered by the Monash Business School or across the
University provided they have the prerequisites and subject to the approval of the Course Director.
Every effort has been made to ensure that the information provided is correct at the time of publication.
Monash University reserves the right to alter this information should the need arise – 10 November 2016 (JF/MS)
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B6014 Master of Actuarial Studies
Recommended course progression commencing Semester 1, 2017.
Course Director: Colin O’Hare
[email protected]
The placement of units may be rearranged to provide flexibility in choice of elective units but
care should be taken to ensure units are maintained in sequence. For example, if you are granted exemption from any
preparatory studies unit, then the placement must be rearranged.
2017
Semester 1
Semester 2
Part A: Advanced
Preparatory Studies
BFC2430
Debts markets and fixed
income securities
Part A: Advanced
Preparatory Studies
ETC2430
Actuarial statistics
Part B: Mastery
Knowledge
ECF5923 (Caulfield)
Macroeconomics and
monetary policy
Part B: Mastery
Knowledge
ETC5343
Financial mathematics
under uncertainty
Part A: Advanced
Preparatory Studies
ETC5252
Probability and
statistical inference for
economics and
business
Part A: Advanced
Preparatory Studies
ETC2410
Introductory
econometrics
Part B: Mastery
Knowledge
ETC5353
Insurance and pensions
Part C: Application
Studies
Unit 1
Part B: Mastery
Knowledge
ETC4110
Actuarial practice I
Part B: Mastery
Knowledge
ETC5351
Modelling in finance and
insurance
Part B: Mastery
Knowledge
ETC5346
Financial econometrics
Part B: Mastery
Knowledge
ECF5927 (Caulfield)
Managerial economics
Part B: Mastery
Knowledge
ETC4120
Actuarial practice II
Part B: Mastery
Knowledge
ETC4130
Asset liability
management
Part B: Mastery
Knowledge
ETC5342
Applied insurance
methods
Part C: Application
Studies
Unit 1
2018
Semester 1
Semester 2
Alternative exits
You may exit this course early and apply to graduate with one of the following awards, provided that you have satisfied the requirements for
that award during your enrolment in the master’s course:


Graduate Certificate in Business (B4001) after successful completion of 24 credit points of study.
Graduate Diploma in Business (B5001) after successful completion of 48 credit points of study.
Responsibility for unit choice
Students are advised that, while the course advisors will endeavour to give every possible assistance and advice concerning unit choice, the
onus is on students to ensure that units selected meet degree regulations and requirements. Students should refer to the University
Handbook for information on course and unit details.
Every effort has been made to ensure that the information provided is correct at the time of publication.
Monash University reserves the right to alter this information should the need arise – 10 November 2016 (JF/MS)
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