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2021/22 Taught Postgraduate Module Catalogue

LUBS5015M Professionalism & Ethics for Actuaries

15 creditsClass Size: 100

Module manager: Alan Duboisée de Ricquebourg
Email: A.J.DuboiseeDeRicquebourg@lubs.leeds.ac.uk

Taught: 01 Jun to 31 Aug View Timetable

Year running 2021/22

This module is not approved as an Elective

Objectives

The module is intended to provide a critical appreciation of the way that the Actuarial Profession approaches ethical challenges in general and the structures and support it puts in place for its members. It critically covers professionalism and ethics and the challenges students will face in practice. Students will be invited to develop a practical understanding of the skills that they will require in order satisfactorily to handle challenging situations in their professional lives.

Learning outcomes
On successful completion of this module students will be able to critically assess:
- what a profession is, why actuarial work constitutes a profession, and how this generates requirements on their behaviour
- the requirements of professionalism
- ethics, particularly professional ethics, and what it requires of them as professionals
- the structures the Actuarial Profession puts in place to support professionalism and professional ethics

Skills outcomes
Transferable:
- extract relevant information from structured scenarios and case studies in order to identify problems and define solutions
- structure and communicate quantitative and qualitative information, ideas, analysis, argument and commentary
- communicate in writing and by oral presentation
- work effectively in a team

Subject Specific:
- identify and critically challenge the actuarial work, professional ethics and the requirements of professionalism
- apply these theories to complex professional decisions where judgment and justification are required


Syllabus

The syllabus will cover topics including;
What is a Profession?
An Introduction to Professionalism
Difficult Decisions: An Introduction to Professional Ethics
Principles, and Codes of Conduct
Regulation and the Actuarial Profession
Objectivity, Independence, and Conflicts of Interest
The Public Interest
Integrity and Speaking Out

Teaching methods

Delivery typeNumberLength hoursStudent hours
Workshop101.5015.00
Seminar61.509.00
Private study hours126.00
Total Contact hours24.00
Total hours (100hr per 10 credits)150.00

Private study

Students will be set reading that complements the material delivered in the workshops. They will also be set case studies and scenarios to consider in the context of both the workshop and the readings.

For each seminar one student will be asked to prepare a ten minute introduction to the questions posed, which will focus on applying their learning to the case studies and scenarios. The seminars will then draw on the work prepared by the remainder of the class to discuss the issues in more depth.

Opportunities for Formative Feedback

Students will be expected to attend every session. This module will be delivered intensively, with student contact in workshops and seminars on a daily basis. In addition ample opportunity for student feedback and questions, seminars will require the active participation of all students in the light of pre-prepared work – with progress monitored accordingly.

Methods of assessment


Coursework
Assessment typeNotes% of formal assessment
Assignment3,000 words100.00
Total percentage (Assessment Coursework)100.00

The resit for this module will be 100% by 3000 word course work.

Reading list

The reading list is available from the Library website

Last updated: 30/06/2021 15:20:01

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