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Quantitative Methods in Risk Management - ACST865
This unit encompasses theoretical and practical aspects of quantification of three main types of financial risk, namely:
- market risk – the risk of change in the value of position due to changes in underlying market variable;
- credit risk – the risk of default of counterparty; and
- operational risk – the risk of losses resulting from failed internal or external processes.
The numerical and statistical modelling techniques introduced in the unit represent the tools adopted by actuarial and banking business to comply with advanced regulatory requirements.
| Credit Points: | 4 |
| When Offered: | TBD - Not offered in 2015; next offering is to be determined |
| Staff Contact(s): | Actuarial staff |
| Prerequisites: |
(ACST816 and ACST817) or ACST828 or STAT401 or STAT890 or admission to (MAppStat or PGDipAppStat) |
| Corequisites: | |
| NCCW(s): | |
| Unit Designation(s): | |
| Assessed As: | Graded |
| Offered By: | Department of Applied Finance and Actuarial Studies Faculty of Business and Economics |
Timetable Information
For unit timetable information and session dates for external offerings please visit the Timetables@Macquarie Website.