BSc Actuarial Mathematics

Year 3

(Award available for year: Bachelor of Science)

Learning outcomes

On completion of the year/programme students should have provided evidence of being able to:

- understand and demonstrate coherent and detailed subject knowledge and professional competencies some of which will be informed by recent research/scholarship in the discipline;
- deploy accurately standard techniques of analysis and enquiry within the discipline;
- demonstrate a conceptual understanding which enables the development and sustaining of an argument;
- describe and comment on particular aspects of recent research and/or scholarship;
- appreciate the uncertainty, ambiguity and limitations of knowledge in the discipline;
- make appropriate use of scholarly reviews and primary sources;
- apply their knowledge and understanding in order to initiate and carry out an extended piece of work or project;
- conform to professional boundaries and norms where applicable;
- demonstrate the ability for independent study in actuarial mathematics;
- demonstrate a broad understanding of advanced financial modelling both in discrete- and continuous-time;
- demonstrate an advanced understanding of statistics and time series analysis.

The programme will:
- facilitate and promote students' intellectual and personal development in order to equip them for professional or equivalent roles in society and provide them with a capacity and motivation for continued intellectual development;
- offer opportunities to develop a critical understanding of relevant theoretical and empirical literature; apply acquired skills and knowledge to specific research questions; and demonstrate the ability to independently research topics in the relevant subject area;
- provide a learning environment which promotes active participation in the learning process with a strong emphasis on group and syndicate work, designed to enhance team-working skills through active membership of syndicate and discussion groups, sharing experience and a variety of approaches to ideas, analyses and applications;
- provide a mix of high-quality academic material and material providing opportunities for the development of professional skills and the acquisition of the knowledge and skills required for a career in finance, and the acquisition of knowledge relating to actuarial mathematics, through core modules such as Financial Mathematics 1 and 2 and Actuarial Mathematics 1 and 2.

Transferable (key) skills

Students will have had the opportunity to acquire, as defined in the modules specified for the programme:

- the transferable/key/generic skills necessary for employment related to the area(s) studied;
- the exercise of initiative and personal responsibility;
- the deployment of decision making skills in complex and unpredictable situations;
- the communication of information, ideas, problems and solutions in a variety of ways to a variety of audiences;
- the ability to undertake appropriate further training of a professional or equivalent nature.

Assessment

Achievement will be assessed by a variety of methods in accordance with the learning outcomes of the modules specified for the year/programme and will include:

- demonstrating the ability top apply a broad range of aspects of the discipline;
- work that draws on a wide variety of material;
- the ability to evaluate and criticise received opinion;
- evidence of an ability to conduct independent, in depth enquiry within the discipline;
- work that is typically both evaluative and creative.