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 Financial Mathematics and Actuarial Mathematics.

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.