inline-defaultCreated with Sketch.
inline-defaultCreated with Sketch.
HomeUniversitiesProgramsStudents & Alumni
search
Students
Courses

Contingent Payments 1

Macquarie University
North Ryde , Australia
Visit Program Website
Students
Tuition Fee
Not Available
Start Date
Not Available
Medium of studying
Not Available
Duration
Not Available
Details
About Program
About University
Gallery
Contact School
Details
Program Details
Degree
Courses
Major
Accounting | Finance | Actuarial Science
Area of study
Business and Administration | Mathematics and Statistics
Course Language
English
About Program

Program Overview

Macquarie University Programs

Overview

Macquarie University offers a range of programs for undergraduate, graduate, and research students. The university is divided into several faculties, including the Faculty of Business and Economics, which houses the Department of Applied Finance and Actuarial Studies.


Undergraduate Programs

Degrees and Diplomas

The university offers various undergraduate degrees and diplomas, including majors and minors in different fields.


  • Degrees and diplomas are available in various disciplines
    • Majors and minors are offered in different fields
  • Units are available by code, offering, designation, faculty, and department

Graduate Programs

Units

Graduate students can choose from a range of units, including those offered by the Department of Applied Finance and Actuarial Studies.


  • Units are available for graduate students
    • Department of Applied Finance and Actuarial Studies offers various units

Research Training Programs

Programs and Units

The university offers research training programs, including units specifically designed for research students.


  • Research training programs are available
    • Units are offered for research students

Postgraduate Programs

Degrees, Diplomas, and Certificates

Macquarie University offers various postgraduate degrees, diplomas, and certificates, including specializations and articulation and nested awards.


  • Postgraduate degrees, diplomas, and certificates are available
    • Specializations and articulation and nested awards are offered
  • Units are available for postgraduate students

Macquarie University International College

Programs and Units

The Macquarie University International College offers programs and units designed for international students.


  • Programs are available for international students
    • Units are offered for international students

Open Universities Australia

Units

Open Universities Australia offers units that can be taken by students enrolled in various programs.


  • Units are available through Open Universities Australia

Rules and Policy

The university has rules and policies governing student enrollment, progression, and graduation.


  • Rules and policies are in place for student enrollment and progression

Contingent Payments 1 - ACST255

Unit Description

This unit covers the analysis of cash flows dependent on uncertain events due to mortality and other factors. It introduces the concept of the expected present value of payments under various life insurance contracts.


  • The unit covers analysis of cash flows and expected present value of payments
    • Life insurance contracts are studied, including whole life, term, and endowment assurances
  • Probability models and life tables are used to calculate expected present values
    • Concepts of pricing and reserving for future contingent liabilities are discussed

Unit Details

  • Credit Points: 3
  • When Offered: S2 Day - Session 2, North Ryde, Day
  • Staff Contact(s): Actuarial staff
  • Prerequisites: Admission to BActStud and ACST152 and ACST202 and STAT272 and GPA of 2.5 (out of 4.0)
  • Corequisites: None
  • NCCW(s): None
  • Unit Designation(s): Commerce, Science
  • Unit Type: None
  • Assessed As: Graded
  • Offered By: Department of Applied Finance and Actuarial Studies, Faculty of Business and Economics
See More