Programs and Courses

Source: https://programsandcourses.anu.edu.au/course/STAT3057 Parent: https://programsandcourses.anu.edu.au/program/BACTS

• Code STAT3057

• Unit Value 6 units

• Offered by Rsch Sch of Finance, Actuarial Studies & App Stats

• ANU College ANU College of Business and Economics
• Course subject Statistics

• Areas of interest Actuarial Studies

• Academic career UGRD

• Course convener
• Dr Ning Wang
• Mode of delivery In Person
• Co-taught Course
• STAT6057
• Offered in

First Semester 2026\

See Future Offerings

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SELT Survey Results

Risk Modelling 1 (STAT3057)

• Introduction
• Learning Outcomes
• Indicative Assessment
• Workload
• Inherent Requirements
• Requisite and Incompatibility
• Prescribed Texts
• Fees
• Offerings and Dates

This course introduces techniques for risk modelling, with an emphasis on application to insurance portfolios and financial risks.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

1. Describe the properties of loss models, and estimate loss models for individual risks, both with and without risk sharing arrangements and coverage modifications.
2. Describe the properties of risk measures and calculate risk measures.
3. Apply extreme value distributions to model severity of loss.
4. Apply basic copulas to model financial risks.
5. Explain the concepts underlying time series models, and apply the main concepts to the modelling and forecasting of financial time series.

Indicative Assessment

1. Typical assessment may include, but is not restricted to: assignments and exams. (100) [LO 1,2,3,4,5]

The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.

Workload

Students are expected to commit at least 10 hours per week to completing the work in this course. This will include at least 3 contact hours per week and up to 7 hours of private study time. \

Inherent Requirements

Not applicable.

Requisite and Incompatibility

To enrol in this course you must have completed STAT2013 and STAT2014.

Prescribed Texts

Information about the prescribed textbook will be available via the Class Summary.

Fees

Tuition fees are for the academic year indicated at the top of the page.

Commonwealth Support (CSP) Students\ If you have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). More information about your student contribution amount for each course at Fees. 

Student Contribution Band: : 1

Unit value: : 6 units

If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) placeor international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.

Where there is a unit range displayed for this course, not all unit options below may be available.

Course fees

Domestic International

Domestic fee paying students

International fee paying students

Note: Please note that fee information is for current year only.

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Offerings, Dates and Class Summary Links

ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.

The list of offerings for future years is indicative only. \

Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.

2026

2027

First Semester

First Semester