2018 Undergraduate Courses
  • Students are to follow the requirements of the Handbook for the year they commenced the course.

    However, the subject links below do not contain the subject information for the current year. You can view current subject information through the new Course Handbook.

Risk Management and Insurance Major | 2018

This major is intended for students interested in financial risk management and the actuarial profession. Risk management is now recognised as an essential part of strategic objectives at both personal, corporate and government levels. A strong background in mathematics and statistics, which this specialisation provides, is essential to a career in corporate and banking risk management such as market, credit and operational risk.

The profession covers a wide range of activities including the assessing, quantifying, monitoring and mitigating of financial risk exposures for projects, companies and financial institutions. It also monitors compliance with relevant financial regulations. In particular, actuaries are professionals with strong mathematical backgrounds who deal with the financial impact of risk and uncertainty. In Australia, the Institute of Actuaries of Australia is the relevant professional body.

Subjects Required for Major Study

The major study has the additional requirements that the following subjects be completed from the elective list: STAT304, STAT333, ECON205, FIN 320 and FIN 328. 

Subject Code Subject Name Credit Points Session(s)
Year 1
ACCY111 Accounting Fundamentals In Society 6 Autumn, Spring
MATH187 Mathematics 1: Algebra and Differential Calculus 6 Autumn
MATH100 Introduction to Mathematics 6 Autumn
STAT101 Introduction to Statistics 6 Spring
MATH188 Mathematics 2: Series and Integral Calculus 6 Spring
ACCY112 Accounting In Organisations 6 Autumn, Spring, Summer 201/2018
ECON100 Economic Essentials for Business 6 Autumn, Spring
ECON102 Economics and Society 6 Autumn, Spring
MATH123 Discrete Mathematics and Difference Equations 6 Spring
CSIT110 Fundamental Programming with Python 6 Autumn
Year 2
FIN 222 Corporate Finance 6 Autumn, Spring
ECON100 Economic Essentials for Business 6 Autumn, Spring
MATH201 Multivariate and Vector Calculus 6 Autumn
STAT231 Probability and Random Variables 6 Autumn
ECON205 Macroeconomic Theory and Policy 6 Autumn, Spring
FIN 223 Investment Analysis 6 Autumn, Spring
MATH202 Differential Equations 2 6 Spring
STAT232 Estimation and Hypothesis Testing 6 Spring
Year 3
FIN 323 Portfolio Analysis 6 Autumn
MATH203 Linear Algebra 6 Autumn
MATH317 Financial Calculus 6 Autumn
FIN 328 Retirement and Estate Planning 6 Autumn
FIN 320 Risk and Insurance 6 Spring
FIN 322 Advanced Corporate Finance 6 Spring
MATH305 Partial Differential Equations 6 Spring
STAT332 Linear and Generalised Linear Models 6 Spring
Year 4
MATH407 Research Methods 6 Autumn
STAT304 Applied Probability and Financial Risk 6 Autumn
ECON331 Financial Economics 6 Spring
STAT333 Statistical Inference 6 Spring
INFO401 Mathematics and Finance Honours Project 12 Annual, Spring 2017/Autumn 2018
Plus TWO subjects from the List of Electives (see BMathFin(Hons))

Entry Requirements & Credit Arrangements

Information on academic and English language requirements, as well as eligibility for credit for prior learning, is available from the Course Finder.

Other Information

For further information email: eis@uow.edu.au

Last reviewed: 24 November, 2017