Bachelor of Social Sciences (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.

Program Requirements

This program requires the completion of 192 units, which must consist of:

96 units from completion of the following compulsory courses offered by the The Australian National University:

FINM2002 Derivatives

FINM2003 Investments

FINM3003 Continuous Time Finance

STAT2013 Introductory Mathematical Statistics for Actuaries

STAT2014 Regression Modelling for Actuaries

STAT2032 Financial Mathematics

STAT2005 Introduction to Stochastic Processes

STAT3032 Survival Models

STAT3037 Life Contingencies

STAT3038 Actuarial Techniques

STAT3057 Risk Modelling 1

STAT3058 Risk Modelling 2

ACST4031 Actuarial Control Cycle 1

ACST4032 Actuarial Control Cycle 2

ACST4062 Actuarial Data Analysis

EMET3004 Econometrics II: Econometric Modelling

The equivalent of 96 units from completion of the following compulsory courses at National University of Singapore:

ACC1701X Financial Accounting

EC1101E Introduction to Economic Analysis

EC2101 Microeconomic Aalysis I

EC2102 Macroeconomic Analysis I

EC2303 Foundations for Econometrics

EC3101 Microeconomic Analysis II

EC3102 Macroeconomic Analysis II

EC4401 Honours Thesis

FAS1102 Public Writing and Communication

FIN2704X Finance

FIN3101 Corporate Finance

GE Quantitative Reasoning

GE Asking Questions

GE Singapore Studies

GE Computational Thinking

GE Human Cultures

MA1101R Linear Algebra I

MA1102R Calculus

Two Economics level-4000 electives

Elective Study

Once you have met the program requirements of your degree, you may have enough electives to complete an additional elective major, minor or specialisation.

Study Options

Year 1 - 48 units

Year 2 - 48 units

Year 3 - 48 units

Year 4 - 48 units

Admission Requirements

At a minimum, all applicants must meet program-specific academic/non-academic requirements, and English language requirements. Admission to most ANU programs is on a competitive basis. Therefore, meeting all admission requirements does not automatically guarantee entry.

In line with the university's admissions policy and strategic plan, an assessment for admission may include competitively ranking applicants on the basis of specific academic achievement, English language proficiency and diversity factors.

Domestic applicants

? School leavers will be assessed on:

• the minimum Australian Tertiary Admission Rank (ATAR) requirement or equivalent for this program,

• the co-curricular or service requirement, and

• any program specific requirements that are listed below.

? Non school leavers:

a) will be assessed on:

• the minimum Australian Tertiary Admission Rank (ATAR) requirement or equivalent for this program,

b) Non school leavers who:

• complete a recognised Australian (or equivalent) post-secondary qualification, or

• complete one standard full-time year (1.0 FTE) of an Australian (or equivalent) degree qualification, or

• complete an approved tertiary preparation course/program without undertaking any further study,

will be assessed on the basis of an equivalent selection rank that is calculated upon application. Non school leavers must also meet any program specific requirements that are listed below.

International applicants

Applicants who complete a recognised secondary/senior secondary/post-secondary/tertiary sequence of study will be assessed on the basis of an equivalent selection rank that is calculated upon application. A list of commonly observed international qualifications and corresponding admission requirements can be found here. Applicants must also meet any program specific requirements that are listed below.

Diversity factors & English language proficiency

As Australia's national university, ANU is global representative of Australian research and education. ANU endeavours to recruit and maintain a diverse and deliberate student cohort representative not only of Australia, but the world. In order to achieve these outcomes, competitive ranking of applicants may be adjusted to ensure access to ANU is a reality for brilliant students from countries across the globe. If required, competitive ranking may further be confirmed on the basis of demonstrating higher-level English language proficiency.

Prerequisites

Adjustment Factors

ANU offers rank adjustments for a number of adjustment factors, including for high achievement in nationally strategic senior secondary subjects and for recognition of difficult circumstances that students face in their studies. Rank adjustments are applied to Bachelor degree applicants with an ATAR at or above 70. Points are awarded in accordance with the approved schedules, and no more than 15 points (maximum 5 subject/performance-based adjustments, maximum 10 equity-based adjustments and maximum 5 Elite Athlete adjustments) will be awarded. Please note that Adjustment Factors vary and do not apply to a select few programs, please visit the ANU Adjustment Factors website for further information.

Scholarships

ANU offers a wide range of scholarships to students to assist with the cost of their studies.

Eligibility to apply for ANU scholarships varies depending on the specifics of the scholarship and can be categorised by the type of student you are. Specific scholarship application process information is included in the relevant scholarship listing.

For further information see the Scholarships website.

1.  Utilise concepts in financial mathematics, including the time value of money, annuities, bond and loan calculations
2. Interpret the accounts and financial statements of companies and financial institutions.
3. Describe the fundamental concepts of micro and macroeconomics.
4. Apply mathematical statistics, regression modeling and other statistical techniques to actuarial problems
5. Describe and apply stochastic processes, survival models and their application in actuarial contexts
6. Model and value cashflows dependent on death, survival, illness, retirement, and other contingencies
7. Apply risk modelling techniques across a variety of financial contexts
8. Analyse and interpret specific business situations so that the correct actuarial and other techniques can be applied
9. Utilise critical thinking to solve specific actuarial problems and communicate their results to a relevant audience