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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 the current year; next offering is to be determined

Staff Contact(s): Actuarial staff

(ACST816 and ACST817) or ACST828 or STAT401 or STAT890 or (admission to MAppStat or PGDipAppStat) Prerequisite Information


Unit Designation(s):




Assessed As: Graded
Offered By:

Department of Applied Finance and Actuarial Studies

Faculty of Business and Economics

Course structures, including unit offerings, are subject to change.
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