Suggested
Program of Study
courses.mq.edu.au
Bachelor of
Actuarial Studies (ACTS05)
This is a suggested study plan for the Bachelor of Actuarial Studies.
This document is to be used as an example only and does not replace the Handbook of Undergraduate Studies or the University Timetable.
Unit
Code
Unit
Name
CP
Available
2014*
Prerequisites
100 level
Required
3cp
from
ACST101^
Techniques and Elements of Finance
3
S1 Day
S2 Day
S1 Evening
ACST152
Introduction to Actuarial Studies
3
S1 Day
Admission to BActStud or (18cp and GPA of 3.25)
MATH133
Mathematics IB (Advanced)
3
S2 Day
MATH132 or MATH135(HD)
STAT171
Statistical Data Analysis
3
S1 Day
(HSC Mathematics extension 1 or 3cp from MATH130MATH136(P)) or admission to BActStud
MATH132
Mathematics IA (Advanced)
S1 Day
HSC Mathematics Extension 1 Band E3 or HSC Mathematics
Extension 2 or admission to BSc in Advanced Mathematics or
BAdvSc or BCom-ActStud or BActStud
3
MATH135
S1 Day
S2 Evening
Mathematics IA
Electives at 100 level or above
HSC Mathematics Band 4 or HSC Mathematics Extension 1
Band E2 or HSC Mathematics Extension 2 or MATH130
9
200 level: Minimum number of credit points at 200 level or above: 39 CP
Required
ACST202
Mathematics of Finance
3
S1 Day
ACST101(Cr) and MATH133(P) and GPA of 2.50
ACST212
Combinatorial Probability
3
S2 Day
Admission to BActStud and STAT171(Cr)
ACST255
Contingent Payments 1
3
S2 Day
Admission to BActStud and ACST152(P) and ACST202(P) and
STAT272(P) and GPA of 2.50
STAT271
Statistics 1
3
S2 Day
STAT272(P)
STAT272
Probability
3
S1 Day
STAT171(P) and (MATH133(P) or MATH136(P))
Electives at 200 level or above
6
300 level: Minimum number of credit points at 300 level or above: 18 CP
Capstone/
Participation
Required
9 cp
from
ACST359
Actuarial Modelling
3
S2 Day
ACST358(P)
ACST358
Survival Models
3
S1 Day
ACST255(P) and STAT272(P)
ACST units at 300 level
Electives at 300 level
9
3
People, Planet, Participation
Completion of a designated People Unit
Required
Completion of a designated Planet Unit
Completion of a designated PACE (Participation) Unit
Total Credit Points to Complete Degree:
3
3
ACST359
69
* Subject to change ˆ Please refer to Mathematics requirement
LEGEND: CP: Credit Point S1: Session 1; first half of year S2: Session 2; second half of year S3: Session 3; December to February
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Suggested Program of Study
ACTS05
Possible first year program
SESSION 1
SESSION 2
Unit Code
Unit Name
Unit Code
Unit Name
ACST152
Introduction to Actuarial Studies
CP
3
ACST101
Techniques and Elements of Finance
CP
3
ECON110
Macroeconomic Principles
3
ACST212
Combinatorial Probability
3
STAT171
Statistical Data Analysis
3
ACCG106
Accounting Information for Decision-Making
3
MATH132
Mathematics IA (Advanced)
3
ECON111
Microeconomic Principles
3
MATH133
Mathematics IB (Advanced)
3
*
* The above program contains 15 credit points in the second semester of first year. This allows greater flexibility for students who decide to transfer into a double
degree at the end of their first year, and/or allow an additional elective to be added in 3rd year. Students who find that 4 units in a session is a sufficient challenge
may delay ACST212.
General requirements
Minimum number of credit points for the degree
69
Minimum number of credit points at 200 level or above
39
Minimum number of credit points at 300 level or above
18
Completion of a designated People unit
Completion of a designated Planet unit
Completion of a designated PACE (Participation) unit
Mathematics requirements#
This degree requires HSC Mathematics Extension 1 Band E4 or interstate or overseas equivalents. It is recommended that students have a HSC
Mathematics Extension 2 with a mark of at least 180 for Extension 1 and 2 combined, or equivalent.
English requirements#
Local students are required to have studied English as part of their Higher School Certificate and international students are required to have IELTS 6.5 or
higher for entry into Macquarie University degrees.
If you have Band 4 or less in HSC English, less than a 7 in IELTS or if you are not confident about your ability to fulfil the language and expression
requirements of university level assignments, we strongly recommend you take ACBE100 Academic Communication in Business and Economics.
People and
Planet Units
To satisfy the requirements of Rule 4(5), a Program of Study for a single Award must include:
(i) one unit taken from Part 2 of this Schedule and one unit taken from Part 3 of this Schedule, and
(ii) one of those units must be taken outside the Department administering the Program of Study
of Qualifying Major which the student is admitted to, and the other such unit must be taken
outside the Faculty administering the Program of Study or Major which the student is admitted to.
The Full list of People and Planet Units can be found in the Course Handbook: handbook.mq.edu.au/
WARNING! Units that would not count for People/Planet for Bachelor of Actuarial Studies:
• AFAS300
• ECON131
• MATH123
These units are within the Department of Applied Finance and Actuarial Studies so cannot be counted as People/Planet units for
Bachelor of Actuarial Studies or it is a required unit for that degree.
# Please refer to the enrolment guide for more information
Important: Students are subject to the rules of the degree for the year in which they enter that degree. The information in this document is correct as at the time of printing but
the University reserves the right to vary or withdraw any course(s) and/or units, its fees and/or the mode or time of offering its course(s) and unit(s) without notice.
LEGEND: CP: Credit Point S1: Session 1; first half of year S2: Session 2; second half of year S3: Session 3; December to February
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