Honours in Actuarial Studies and Economics

Are you wondering how you can apply your mathematical skills in an area that extends you and makes a difference to society?  Do you want a degree from two globally respected institutions?  Then this is the degree for you!This program commences in July/August each year at National University of Singapore. You will spend half of this four-year degree at the National University of Singapore and half of this degree at Australian National University receiving a world-class education at both institutions.Graduates will apply mathematical, statistical, financial, economic and other skills to untangle the most complex and difficult problems.  This will prepare them to be thought leaders in financial fields such as insurance, superannuation, investments and other areas of great importance to our futures.

Employment Opportunities

Career opportunities for Actuaries graduates include Actuary-Investment Analyst, Actuary-Fund Administrator/Investment Manager, Liability Consultant/Liabilities Manager and Actuarial Insurance Broker.

Learning Outcomes

• To develop a grounding in financial mathematics and applications, including the time value of money, annuities, bond and loan calculation
• To develop the ability to interpret the accounts and financial statements of companies and financial institutions.
• To develop a grounding in mathematical statistics and regression modeling
• To develop a grounding in stochastic processes, survival models and their application in actuarial contexts
• To develop a grounding in the mathematical techniques used to model and value cashflows dependent on death, survival, illness, retirement, and other contingencies. 
• To develop a grounding in the advanced mathematics which has particular relevance to financial work, including risk theory, bayesian statistics, generalized linear modeling, and time series techniques. 
• To develop a grounding in the fundamental concepts of micro and macroeconomics.

This program requires the completion of 192 units, of which a minimum of 96 units must come from completion of courses at The Australian National University

A minimum of 96 units must come from completion of courses at The National University of Singapore

The 192 units must consist of:

• 84 units from completion of the following compulsory courses:

FINM2002 Derivatives

FINM2003 Investments

FINM3003 Continuous Time Finance

STAT2001 Introduction to Mathematical Statistics

STAT2032 Financial Mathematics

STAT3004 Stochastic Modelling

STAT3032 Survival Models

STAT3035 Risk Theory

STAT3036 Credibility Theory

STAT3037 Life Contingencies

STAT3038 Actuarial Techniques

ACST4031 Actuarial Control Cycle A1

ACST4032 Actuarial Control Cycle A2

ACST4033 Actuarial Control Cycle B

• 12 units from completion of elective courses on List 1 of the ANU College of Business and Economics

The equivalent of 96 units from the National University of Singapore, which consists of:

EC1101E Introduction to Economic Analysis

EC2303 Foundations for Econometrics

ACC1002X Financial Accounting

MA1101R Linear Algebra I

MA1102R Calculus

EC2101 Microeconomic Analysis I

EC2102 Macroeconomic Analysis I

EC3303 Econometrics I

FIN2004 Finance

EC3101 Microeconomic Analysis II

EC3102 Macroeconomic Analysis II

EC3304 Econometrics II

Admission to all programs is on a competitive basis. Admission to undergraduate degrees is based on meeting the ATAR requirement or an equivalent rank derived from the following qualifications:

• An Australian year 12 qualification or international equivalent; OR
• A completed Associate Diploma, Associate Degree, AQF Diploma, Diploma, AQF Advanced Diploma or Graduate Certificate; OR
• At least one standard full-time year (1.0 FTE) in a single program of degree level study at an Australian higher education institution; OR
• An approved tertiary preparation course unless subsequent study is undertaken.

 Requirements for domestic applicants.

ATAR:95

QLD Band:4

International Baccalaureate:37