MATH6160 Actuarial Science Case Study 2
Module Overview
Actuarial Science Case Study 2 gives MSc Actuarial Science students the opportunity to conduct and gain experience of an in-depth open-ended actuarial investigation. The main purpose is to develop students’ skills in: identifying, organising, and directing their own work; accessing and using relevant resources, such as library and software resources; applying their actuarial, statistical, and financial knowledge and understanding in an actuarial context; and communicating their work, by writing a comprehensive report on the investigation and its outcomes. Actuarial Science Case Study 2 is a primary means by which MSc Actuarial Science students demonstrate their capacity for independent learning. Students will normally undertake Actuarial Science Case Study 2 over a six-week period in the late summer (typically, start-August until mid-September). There will normally be a choice of two topics for Actuarial Science Case Study 2. Each case study topic will be partially structured, but open ended. The supervisor for a case study topic will meet regularly (usually weekly) with all students taking that case study topic, as a group, to answer questions and provide limited advice and support. Weekly office hours will also be provided, as additional support. Assessment will be by means of an Actuarial Science Case Study 2 report, of 25-30 pages in length, to be submitted at the end of the relevant six-week period.
Aims and Objectives
Learning Outcomes
Learning Outcomes
Having successfully completed this module you will be able to:
- The theoretical concepts, methods, and techniques of actuarial science, and their application, including actuarial, statistical, and financial modelling, where appropriate, in an actuarial context.
- Actuarial investigation planning, information retrieval, data collection, analysis, reporting and communication in an actuarial context.
- Logically analyse and critically evaluate the appropriateness and applicability of the concepts, methods, and techniques of actuarial science.
- Structure and analyse actuarial problems, and construct, analyse, and interpret appropriate actuarial, statistical, and financial models, where appropriate, in an actuarial context.
- Logically discuss and communicate actuarial concepts and analyses, both orally and in written form; plan and analyse an actuarial investigation.
- Personal organisation and time management; problem solving, logical argument, deductive reasoning and analysis, abstraction and generalization; locating, retrieving, synthesising, and using information, particularly through use of the library and the web; written and oral communication; independent learning.
Syllabus
• Conduct and gain experience of an in-depth open-ended actuarial investigation, under appropriate supervision. • Communicate the work undertaken by writing a comprehensive report on the investigation and its outcomes.
Learning and Teaching
Teaching and learning methods
The undertaking of an in-depth open-ended actuarial investigation, by independent learning, under appropriate supervision. Students will normally undertake Actuarial Science Case Study 2 over a six-week period in the late summer (typically, start-August until mid-September). There will normally be a choice of two topics for Actuarial Science Case Study 2. Each case study topic will be partially structured, but open ended. The supervisor for a case study topic will meet regularly (usually weekly) with all students taking that case study topic, as a group, to answer questions and provide limited advice and support. Weekly office hours will also be provided, as additional support. Assessment will be by means of an Actuarial Science Case Study 2 report, of 25-30 pages in length, to be submitted at the end of the relevant six-week period.
| Type | Hours |
|---|---|
| Teaching | 12 |
| Independent Study | 288 |
| Total study time | 300 |
Resources & Reading list
There will be specific resources for each specific case study topic as directed by the supervisor..
Assessment
Summative
| Method | Percentage contribution |
|---|---|
| Case study report | 100% |
Referral
| Method | Percentage contribution |
|---|---|
| Case study report | 100% |
Repeat Information
Repeat type: Internal & External
Costs
Costs associated with this module
Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.
In addition to this, students registered for this module typically also have to pay for:
Printing and Photocopying Costs
Two bound printed copies of the report must be submitted, in addition to submission online. A list of the University printing costs can be found here: https://www.southampton.ac.uk/isolutions/services/copying_for_students_and_visitors/faq.php#594
Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at www.calendar.soton.ac.uk.