Enquiry for Major/Minor/Programme Requirements

Minor Title Minor in Actuarial Studies
Offered to students admitted to Year 1 in 2017-2018
Objectives:

The Minor in Actuarial Studies aims to provide interested students with an introduction to the basic concepts and methodologies in Actuarial Science. The minor curriculum is designed particularly for students from different majors to enhance their interests in Actuarial Science and to strengthen their confidence and potential in solving mathematical, financial, economical and investment-related problems.

Learning Outcomes:
By the end of this programme, students should be able to:
PLO 1 :

understand and apply the methods used by actuaries to solve problems of insurance, investment, pension, financial risk management and demography (by means of coursework and tutorial classes and/or research-based project in the curriculum)

PLO 2 :

develop and apply problem-solving skills appropriate to the level of the preliminary education component specified by international actuarial bodies such as the Society of Actuaries (by means of coursework and tutorial classes and/or research-based project in the curriculum)

Impermissible Combination:

Bachelor of Science in Actuarial Science

Required courses (42 credits)
1. Introductory level courses (12 credits)
Disciplinary Electives (12 credits)
At least 12 credits selected from the following courses:
FINA1310 Corporate finance (6)
MATH1013 University mathematics II (6)
STAT2601 Probability and statistics I (6)
STAT2602 Probability and statistics II (6)
STAT2605 Demographic and socio-economic statistics (6)
STAT2901 Probability and statistics: foundations of actuarial science (6)
2. Advanced level courses (30 credits)
Disciplinary Electives (30 credits)
At least 30 credits selected from the following courses:
STAT3615 Practical mathematics for investment (6)
STAT3901 Life contingencies (6)
STAT3904 Corporate finance for actuarial science (6)
STAT3906 Risk theory I (6)
STAT3908 Credibility theory and loss distributions (6)
STAT3910 Financial economics I (6)
STAT3911 Financial economics II (6)
STAT4903 Actuarial techniques for general insurance (6)
 
Notes:

1. Double counting of credits is not permissible for major-minor or double-minors combinations. For a course appears as a core course ("disciplinary core") in the major-minor or double-minors, students have to make up the credits by taking replacement course in the minor. For details, please refer to "Students taking double Majors, Major-Minor or double Minors with overlapping course requirements" in the BSc syllabuses.

Remarks:

Important! Ultimate responsibility rests with students to ensure that the required pre-requisites and co-requisite of selected courses are fulfilled. Students must take and pass all required courses in the selected primary science major in order to satisfy the degree graduation requirements.



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