Actuarial Studies / Economics

University of New South Wales

About

The Bachelor of Actuarial Studies / Economics program enables students to complete a depth of study from the actuarial studies program offered by the School of Risk &

Actuarial Studies and the economics program offered by the School of Economics in the UNSW Business School.

Structure

Actuarial Studies Majors3586 - Actuarial Studies

Students may elect to complete ACTLE1 or MATHE1 in addition to their Actuarial Studies program requirements.Students completing these majors will still need to complete the program requirements such as Level 1 and 2 core course as well as Level 3 electives. These majors will require UOC to be taken from Business School electives and/or General Education courses. Please see the Progression Plans and consult the Business School Student Centre if you are interested in completing either of these majors.keyboard_arrow_down

  • Major
  • ACTLE148 UOCActuarial Risk Management and Analytics
  • MATHE166 UOCQuantitative Data Science

Optional Additional Major/Minor3586 - Actuarial Studies

Completion of an additional major is optional. Students may choose a maximum of one specialisations listed below.Please note: Completion of an additional major within a combined Actuarial Studies degree may result in more UOC required for degree completion.Students in Actuarial Studies/Economics cannot complete an additional ECON-coded major/minor. They must complete ECONA1, ECONJ1 or ECONE1 to meet their Economics requirements. Similarly, students in Actuarial Studies/Information Systems cannot complete INFSA1 or INFSA2 as an additional major/minor.keyboard_arrow_down

  • MajorMinor
  • ACCTA148 UOCAccounting
  • COMMF148 UOCReal Estate Studies
  • ECONF148 UOCBusiness Economics
  • ECONI148 UOCBusiness Strategy & Econ Mngmt
  • ECONJ160 UOCFinancial Economics
  • FINSA148 UOCFinance
  • FINSR148 UOCFinancial Technology
  • IBUSA148 UOCInternational Business
  • INFSA148 UOCInformation Systems
  • MARKA148 UOCMarketing
  • MGMTA148 UOCManagement
  • MGMTH148 UOCHuman Resource Management
  • TABLA148 UOCBusiness Law
  • TABLC148 UOCTaxation

Economics Majors3543 - Economics

Students must complete at least one of the specialisations below. Please note: If you choose to study a 2nd Economics major, you must choose another 6 courses (36 UOC) from the second major that do not overlap with the first major.keyboard_arrow_down

  • Major
  • ECONA160 UOCEconomics
  • ECONE160 UOCEconometrics
  • ECONJ160 UOCFinancial Economics

Level 1 Core Courses3586 - Actuarial Studies

Students must take 54 UOC of the following courses.keyboard_arrow_down

  • ACCT15016 UOCAccounting and Financial Management 1A
  • ACCT15116 UOCAccounting and Financial Management 1B
  • ECON11016 UOCMicroeconomics 1
  • ECON11026 UOCMacroeconomics 1
  • FINS16136 UOCBusiness Finance
  • MATH11516 UOCMathematics for Actuarial Studies and Finance 1A
  • MATH12516 UOCMathematics for Actuarial Studies and Finance 1B
  • MGMT10016 UOCManaging Organisations and People
  • ACTL11016 UOCIntroduction to Actuarial Studies

Level 2 Core Courses3586 - Actuarial Studies

Students must take 18 UOC of the following courses.Students may replace ACTL2131 with the two courses MATH2901 Higher Theory of Statistics and MATH2931 Higher Linear Models. If students make this replacement, MATH2901 will count towards ACTL2131, and MATH2931 will be counted towards a major where this course is required or as a Business elective.keyboard_arrow_down

  • ACTL21026 UOCFoundations of Actuarial Models
  • ACTL21116 UOCFinancial Mathematics for Actuaries
  • ACTL21316 UOCProbability and Mathematical Statistics

Economics Core Course3543 - Economics

Students must take 6 UOC of the following courses. Please Note: ECON1101 must be completed before ECON1401. ECON1401 cannot be counted towards an Economics major.keyboard_arrow_down

  • ECON14016 UOCEconomic Perspectives

Level 3 Actuarial Electives3586 - Actuarial Studies

Students must complete 18 UOC of the following courses.keyboard_arrow_down

  • ACTL31416 UOCActuarial Models and Statistics
  • ACTL31426 UOCActuarial Data and Analysis
  • ACTL31516 UOCLife Contingencies
  • ACTL31626 UOCGeneral Insurance Techniques
  • ACTL31826 UOCAsset-Liability and Derivative Models
  • ACTL31916 UOCSuperannuation and Retirement Benefits
  • ACTL31926 UOCRetirement Saving and Spending Over the Lifecycle

Economics Electives3543 - Economics

Students must complete 12 UOC of Economics electives or accepted substitutes of Economics electives to ensure a student completes a minimum of 78 UOC of Economics courses.keyboard_arrow_down

  • ACCT35636 UOCIssues in Financial Reporting and Analysis
  • ACCT35836 UOCManagement Accounting 2
  • any Economics course

Business Elective3586 - Actuarial Studies

Students in the combined Actuarial Studies/Commerce dual degree must complete 42-48 UOC of Business School electives overall depending on the Commerce major.Students in the combined Actuarial Studies/Economics dual degree must complete 36 UOC of Business School electives overall.Students Students in the combined Actuarial Studies/Information Systems dual degree must complete 18 UOC of Business School electives overall.keyboard_arrow_down

  • any course offered by UNSW Business School

General Education3586 - Actuarial Studies

Students must complete 6 UOC of General Education for the Actuarial component of the dual degree however must complete 12 UOC of General Education in the degree overall.Please note: Students enrolled in programs within the UNSW Business School cannot take General Education courses offered by the UNSW Business School (i.e. GENC code). These restrictions also apply to the following courses:GENL2021 An Introduction to the Australian Legal SystemGENL2032 Cyberspace Law 2.0keyboard_arrow_down

  • any General Education course

General Education3543 - Economics

Students must complete 6 UOC of General Education courses towards the Economics component of the dual degree however must complete 12 UOC overall in the combined degree.Please note: Students enrolled in programs within the UNSW Business School cannot take General Education courses offered by the UNSW Business School (i.e. GENC code). These restrictions also apply to the following courses:GENL2021 An Introduction to the Australian Legal SystemGENL2032 Cyberspace Law 2.0Students must have completed 48 UOC before taking any General Education course.keyboard_arrow_down

  • any General Education course

Minimum Faculty UOC Requirement3586 - Actuarial Studies

Students must complete 90 UOC of Business School courses within the Actuarial Studies component however must complete 180 UOC of Business School courses across the degree.keyboard_arrow_down

  • any course offered by UNSW Business School

Minimum Economics UOC3543 - Economics

Students must complete a minimum of 78 UOC of Economics courses or accepted substitutes of Economics electives.keyboard_arrow_down

  • ACCT35636 UOCIssues in Financial Reporting and Analysis
  • ACCT35836 UOCManagement Accounting 2
  • any Economics course

Maximum Level 1 UOC3543 - Economics

No more than 72 UOC (not including 12 UOC of General Education courses) in Level 1 courses will be counted towards the dual degree.keyboard_arrow_down

  • any level 1 course

Minimum Business School UOC3543 - Economics

Students must complete 90 UOC of Business School courses for the Economics component of the double degree.Students in Actuarial Studies/Economics will complete 36 UOC of Business School electives overall. Students in Commerce/Economics will complete 24-36 UOC of Business School electives (depending on Commerce major) overall.Students completing combined Commerce/Economics and Actuarial Studies/Economics degrees must complete, at minimum 180 UOC from the Faculty of Business with another 12 UOC to be completed as General Education for a total of 192 UOC for degree award.keyboard_arrow_down

  • any course offered by UNSW Business School

Economics Major Requirements

For each economics major, students must complete an additional four economics courses, including at least three (3) level 3 courses (numbered 3XXX). If a student chooses to complete a second Economics major, and the Majors have courses in common outside the core courses, the common courses can only be counted … For more content click the Read More button below.For each economics major, students must complete an additional four economics courses, including at least three (3) level 3 courses (numbered 3XXX). If a student chooses to complete a second Economics major, and the Majors have courses in common outside the core courses, the common courses can only be counted towards one major.Read More

Maximum Level 1 UOC 3586 - Actuarial Studies

Students may complete up to a maximum of 72 UOC of Level 1 courses in the overall double degree, excluding Level 1 completed as part of the General Education requirement in the double degree.

Level 2 and 3 Maturity Requirements 3586 - Actuarial Studies

Students must have completed 24 UOC before taking any Level 2 courses.Students must have completed 48 UOC before taking any Level 3 courses.

Level 2 and 3 Maturity Requirements 3543 - Economics

Students must have completed 24 UOC before taking any Level 2 courses.Students must have completed 48 UOC before taking any Level 3 courses.

Institution