310218 (v.2) Actuarial Economics 302

Area:	Department of Mathematics and Statistics
Credits:	25.0
Contact Hours:	4.0

The tuition pattern below provides details of the types of classes and their duration. This is to be used as a guide only. For more precise information please check your unit outline.

Lecture:	1 x 3 Hours Weekly
Tutorial:	1 x 1 Hours Weekly
Prerequisite(s):	1234 (v.4) Economics 100 or any previous version AND 12607 (v.3) Finance (Principles) 215 or any previous version AND 302315 (v.2) Mathematical Statistics 202 or any previous version

Syllabus:	Stochastic models of security prices. An introduction to derivatives, the Greeks and the binomial model. The Black-Scholes option pricing formula. The marginal rate of transformation (MRT) and five-step method. Arbitrage-free pricing and the five-step method with the Black-Scholes model. Interest rate models.

To ensure that the most up-to-date information about unit references, texts and outcomes appears, they will be provided in your unit outline prior to commencement.

Field of Education:	081103 Insurance and Actuarial Studies
Funding Cluster:	02 - Accounting, Administration, Economics, Commerce
SOLT (Online) Definitions*:	Informational *Extent to which this unit or thesis utilises online information
Result Type:	Grade/Mark
Availability
Availability Information has not been provided by the respective School or Area. Prospective students should contact the School or Area listed above for further information.

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