Unit guide ACST8086 Actuarial Modelling - Session 2 - In person-scheduled-weekday, North Ryde 2022

Sep 27, 2026

ACST8086 Actuarial Modelling unit guide for Session 2 in North Ryde (2022) outlines survival model development and the actuarial control cycle used to design, manage, and evaluate financial and actuarial risks. It specifies learning outcomes covering exposed-to-risk methods, graduation and mortality projection, application of statistical learning techniques, and scenario analysis for financial institutions. Assessment structure includes an R-based individual project (Week 8), a class test (Week 9), forum posts (Weeks 9–13), a group presentation (Weeks 11–13), and a final exam (exam period), with late-submission penalties and special consideration rules.

LanguageEnglish

CategoryExam

FormatPDF

Pages10

Reading Time25 min

AccessFree to download

General Information

Learning Outcomes

General Assessment Information

Assessment Tasks

Delivery and Resources

Policies and Procedures

ACST8086 Actuarial Modelling Session 2, In person-scheduled-weekday, North Ryde 2022 Department of Actuarial Studies and Business Analytics Contents | General Information | 2 | | --- | --- | | Learning Outcomes | 2 | | General Assessment Information | 3 | | Assessment Tasks | 3 | | Delivery and Resources | 6 | | Policies and Procedures | 8 | Disclaimer Macquarie University has taken all reasonable measures to ensure the information in this publication is accurate and up-to-date. However, the information may change or become out-dated as a result of change in University policies, procedures or rules. The University reserves the right to make changes to any information in this publication without notice. Users of this publication are advised to check the website version of this publication [or the relevant faculty or department] before acting on any information in this publication. [https://unitguides.mq.edu.au/unit_offerings/151428/unit_guide/print](https://unitguides.mq.edu.au/unit_offerings/151428/unit_guide/print) 1 Unit guide ACST8086 Actuarial Modelling General Information | Unit convenor and teaching staff Unit Convenor
Alan Xian
[alan.xian@mq.edu.au](alan.xian@mq.edu.au) | | --- | | Credit points 10 | | Prerequisites
STAT806 or STAT810 or STAT8310 | | Corequisites | | Co-badged status | | Unit description
Survival models will be used to estimate decrement rates from actual experience, compare these with standard rates, and prepare new tables. In constructing new tables, consideration will be given to risk factors; selection; data collection; graduation; and testing the graduation. The concept of actuarial modelling will be discussed. Methods for mortality projection will be described and applied. Machine learning will be introduced. The 'actuarial control cycle', a conceptual framework of the processes for developing and managing financial enterprises and products, will be studied. Students gaining a weighted average of credit across all of ACST8084, ACST8085 and the CS2-related components of the assessment in ACST8086 (minimum mark of 60% on all three components) will satisfy the requirements for exemption from the professional subject CS2 of the Actuaries Institute. | Important Academic Dates Information about important academic dates including deadlines for withdrawing from units are available at [https://www.mq.edu.au/study/calendar-of-dates](https://www.mq.edu.au/study/calendar-of-dates) Learning Outcomes On successful completion of this unit, you will be able to: ULO1: Examine and employ a variety of exposed to risk, graduation and mortality projection techniques. ULO2: Develop an understanding of aspects of the theory and practice of statistical learning methods. ULO3: Model and critically analyse scenarios involving financial risks for various types of [https://unitguides.mq.edu.au/unit_offerings/151428/unit_guide/print](https://unitguides.mq.edu.au/unit_offerings/151428/unit_guide/print) 2 Unit guide ACST8086 Actuarial Modelling financial institutions and compare ways of managing these risks. ULO4: Discuss the concept of the Actuarial Control Cycle and apply it to solve a variety of practical business problems involving financial and actuarial risks. ULO5: Identify and apply the relevant statistical techniques in solving practical actuarial problems within the actuarial control cycle framework. ULO6: Explain and justify decision making to different stakeholders using the actuarial control cycle framework General Assessment Information Late Assessment Submission Penalty (written assessments) Unless a Special Consideration request has been submitted and approved, a 5% penalty (of the total possible mark) will be applied each day a written assessment is not submitted, up until the 7th day (including weekends) . After the 7th day, a grade of ‘0’ will be awarded even if the assessment is submitted. Submission time for all written assessments is set at 11.5

FAQs

What topics are covered in ACST8086 Actuarial Modelling?

The unit studies survival models for decrement rates, constructing and testing new tables, risk-factor consideration, graduation, mortality projection methods, and an introduction to machine learning within the actuarial control cycle framework.

What are the main learning outcomes students must achieve?

Students will be able to apply exposed-to-risk, graduation, and mortality projection techniques; use statistical learning methods; model and critically analyse financial risk scenarios; apply the actuarial control cycle to practical business problems; and justify decisions to stakeholders using that framework.

What assessment tasks are included and when are they due?

Assessment includes an R-based individual assignment due Week 8 (30%), a class test due Week 9 (30%), game and discussion forum posts across Weeks 9–13 (5%), a group presentation across Weeks 11–13 (5%), and a final exam in the exam period (30%). Late written assessments incur a 5% total-mark penalty per day up to day 7, then a grade of 0.

Sep 27, 2026

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