Business School

School of Risk and Actuarial Studies

ACTL1101
INTRODUCTION TO
ACTUARIAL STUDIES

Course Outline
Semester 2, 2016
Part A: Course-Specific Information
Please consult Part B for key information on Business School
policies (including those on plagiarism and special consideration),
student responsibilities and student support services.

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Table of Contents
PART A: COURSE-SPECIFIC INFORMATION

STAFF CONTACT DETAILS

COURSE DETAILS

2.1 Teaching Times and Locations

2.2 Units of Credit
2.3 Summary of Course
2.4 Course Aims and Relationship to Other Courses
2.5 Student Learning Outcomes

3
3
3
4
4

LEARNING AND TEACHING ACTIVITIES

3.1 Approach to Learning and Teaching in the Course

3.2 Learning Activities and Teaching Strategies

6
6

ASSESSMENT

4.1 Formal Requirements

4.2 Assessment Details
4.3 Late Submission

7
7
9

COURSE RESOURCES

10

5.1 Textbooks
5.2 Course wesbsite
5.3 Formulae & Tables
5.4 The Actuaries Institute

10
10
10
10

COURSE EVALUATION AND DEVELOPMENT

11

COURSE SCHEDULE

11

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Dear Students
Welcome to ACTL1101 Introduction to Actuarial Studies.
This course provides an introduction to actuarial studies. It introduces the basic
principles underlying the actuarial analysis and management of insurance,
superannuation and other financial contracts. It provides an overview of the role that
actuaries play in the design and pricing of products and in risk management in the field
of life insurance, general insurance and superannuation, banking and investment.
This course provides coverage of the basics of probability, financial mathematics and
actuarial mathematics, along with some of their actuarial applications, prior to a more
in-depth study in later courses in the actuarial degree. Having a solid grasp of the
fundamental tools that actuaries use is important for success in the future courses that
are covered in the actuarial degree.
You will also acquire solid skills with the R software, which will be used throughout your
studies at UNSW, and which is widely used in the industry.
In this course outline, you will find the details of the course requirements, course aims
and learning outcomes, teaching methods, assessment tasks, texts and readings, and
lecture coverage.
Please read it carefully and thoroughly, as it will be assumed that you are familiar with
its contents.
You should also regularly log in to the course Moodle web site.
If you have any questions about the course at any time, please contact me.
I look forward to your participation in the course.
Benjamin Avanzi

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PART A: COURSE-SPECIFIC INFORMATION

1 STAFF CONTACT DETAILS
List teaching staff:
Position

Name

Email

Room

Phone

Lecturer-incharge

Benjamin Avanzi

b.avanzi@unsw.edu.au

Bus 640

50798

Head Tutor

Xinda Yang (XY)

xinda.yang@unsw.edu.au

Tutor

Ridhi Dave (RD)

ridhidave15@gmail.com

Tutor

Nikolay Gudkov (NG)

n.gudkov@unsw.edu.au

Tutor

Hayden Lau (HL)

kawai.lau@unsw.edu.au

Tutor

Sam Luo (SL)

sam.luo@unsw.edu.au

Tutor

Pradeesh
Nallainathan (PN)

z32414809@student.unsw.edu.au

Tutor

Anh Vu (AV)

p.vu@unsw.edu.au

Tutor

Judy Wu (JW)

judy.wu@student.unsw.edu.au

Tutor

Adrian Yu (AY)

adrian.yiu@unsw.edu.au

Benjamin Avanzis consultation times will be Wednesdays, 9am-10am, in Quad

G034 from 27 July 2016 to 26 October 2016. Exam consultation times will be
advertised later.
There will also be consultation times organised with separate focus on Lecture
Topics (LT) or R Software (RS) on Mondays 5-6pm and Fridays 2-3pm,
according to the following schedule:

Wk#2
Wk#3
Wk#4
Wk#5
Wk#6
Wk#7
Wk#8
Wk#9
Wk#10
Wk#11
Wk#12
Wk#13

Mondays,)5+6pm,)Bus)205
Date
Focus
Tutor
1&Aug
LT
RD
8&Aug
RS
AV
15&Aug
LT
AV
22&Aug
RS
NG
29&Aug
LT
RD
5&Sep
RS
NG
12&Sep
LT
RD
19&Sep
RS
SL
26&Sep
BREAK
n/a
3&Oct
Public#Holiday n/a
10&Oct
RS
HL
17&Oct
LT
AV
24&Oct
RS
HL

Fridays,)2+3pm,)Bus)205
Date
Focus
5&Aug
RS
12&Aug
LT
19&Aug
RS
26&Aug
LT
2&Sep
RS
9&Sep
LT
16&Sep
RS
23&Sep
LT
30&Sep
BREAK
7&Oct
RS
14&Oct
LT
21&Oct
RS
28&Oct
LT

Tutor
NG
JW
XY
JW
HL
JW
SL
JW
n/a
PN
XY
PN
AV

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2 COURSE DETAILS
2.1

Teaching Times and Locations

The course comprises a 2 hour lecture and two 1 hour tutorials per week.
Lectures start in Week 1 (to Week 12): The Time and Location are:
Day
Monday

Time
2:00PM 4:00PM

Location
Science Theatre

Each tutorial group will have one tutorial on LT and one tutorial on RS each week, from
Week 2 to Week 13. Tutorials falling on Public Holidays are not replaced. Here is the
exact schedule:

Group
M13A
M16A
M16B
M17A
M17B
T10A
T11A
T11B
T12A
T12B
W11A
W14A

LT#Tutorials
Time
Location
Mon'13' Ainswth101
Mon'16' Quad'G044
Mon'16' Quad'G031
Mon'17' Quad'G044
Mon'17' Quad'G031
Tue'10' JGoodsLG19
Tue'11' MorvB'G4
Tue'11' JGoodsLG19
Tue'12' MorvB'G4
Tue'12' JGoodsLG19
Wed'11' Mat'226
Wed'14' Ainswth101

RS#Tutorials
Tutor Time#
Location
AY
Wed'17' Mat'211
RD
Mon'10' Mat'211
AV* Mon'11' Mat'211
JW
Mon'12' Mat'211
XY
Wed'15' Mat'211
AY
Wed'16' Quad'G021
JW
Thu'11' Quad'G021
AY
Thu'12' Quad'G021
JW
Thu'13' Mat'211
AY
Thu'14' Mat'211
RD
Fri'12' Quad'G021
RD
Thu'11' Mat'211

Tutor
HL
PN
PN
XY
SL
HL
AV
AV
NG
NG
SL
NG

* XY in week 2.

We kindly remind students that attendance is required at 80% of the tutorials at least.
Because the tutorials are of a totally different nature, attendance will be counted
separately for LT or RS tutorials, and the threshold of 80% must be met for both
types of tutorials separately.
Furthermore, you must attend the tutorials in which you are enrolled.

2.2

Units of Credit

The course is worth 6 units of credit.

2.3

Summary of Course

This course is designed to provide an introduction to actuarial studies. It covers the

basic principles underlying the actuarial analysis and management of insurance,
superannuation and other financial contracts. The techniques and terminology used by
actuaries are introduced and explained at a foundation level. Financial and insurance
products and areas of actuarial practice are introduced. A solid basis in computing with
R is developed.

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2.4

Course Aims and Relationship to Other Courses

This course is offered as part of the first year core in the Bachelor of Actuarial Studies
and dual degrees. The main aims of the course are to provide an introduction to
actuarial studies and the methods used by actuaries to quantify and value long term
risks. In particular, it will cover the basics of probability, financial mathematics and
actuarial mathematics, along with some of their actuarial applications. A solid basis in
computing with R is developed.
The course is a prerequisite, along with MATH1251, for the courses ACTL2111
Financial Mathematics for Actuaries; and ACTL2131 Probability and Mathematical
Statistics.

2.5

Student Learning Outcomes

The Course Learning Outcomes are what you should be able to DO by the end of this
course if you participate fully in learning activities and successfully complete the
assessment items.
The Learning Outcomes in this course also help you to achieve some of the overall
Program Learning Goals and Outcomes for all undergraduate students in the Business
School. Program Learning Goals are what we want you to BE or HAVE by the time you
successfully complete your degree (e.g. be an effective team player). You
demonstrate this by achieving specific Program Learning Outcomes - what you are
able to DO by the end of your degree (e.g. participate collaboratively and responsibly
in teams).
By the end of this course, you should be able to:
1. Explain and apply basic principles of probability to straightforward applications
in actuarial studies; (LO1)
2. Explain and apply the basic principles of the life table and survival models;
(LO2)
3. Explain and apply basic compound interest to straightforward problems in
actuarial studies; (LO3)
4. Explain and apply the fundamental principles underlying risk quantification and
assessment; (LO4)
5. Quantify expected cash flows and profits for basic insurance products; (LO5)
6. Explain the actuarial principles underlying risk management for financial
security systems; (LO6)
7. Outline the main products and techniques of actuarial analysis in life insurance,
non-life insurance, retirement, social security, health insurance and aged care;
(LO7)
8. Explain the role of professional ethics for the actuarial profession; (LO8)
9. Use the software R for intermediate computing, data handling, and data
visualisation. (LO9)
For more information on the Undergraduate Program Learning Goals and Outcomes,
see Part B of the course outline.
Business Undergraduate Program Learning Goals and Outcomes
1. Knowledge: Our graduates will have in-depth disciplinary knowledge applicable in local and
global contexts.
You should be able to select and apply disciplinary knowledge to business situations in a local and global
environment.

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2. Critical thinking and problem solving: Our graduates will be critical thinkers and effective
problem solvers.
You should be able to identify and research issues in business situations, analyse the issues, and propose
appropriate and well-justified solutions.
3. Communication: Our graduates will be effective professional communicators.
You should be able to:
a. Prepare written documents that are clear and concise, using appropriate style and presentation
for the intended audience, purpose and context, and
b. Prepare and deliver oral presentations that are clear, focused, well-structured, and delivered in a
professional manner.
4. Teamwork: Our graduates will be effective team participants.
You should be able to participate collaboratively and responsibly in teams, and reflect on your own
teamwork, and on the teams processes and ability to achieve outcomes.
5. Ethical, social and environmental responsibility: Our graduates will have a sound awareness of
the ethical, social, cultural and environmental implications of business practice.
You should be able to:
a. Identify and assess ethical, environmental and/or sustainability considerations in business
decision-making and practice, and
b. Identify social and cultural implications of business situations.

The following table shows how your Course Learning Outcomes relate to the overall
Program Learning Goals and Outcomes, and indicates where these are assessed (they
may also be developed in tutorials and other activities):
Course Learning Outcomes

Course Assessment
Item

This course helps you to

achieve the following
learning goals for all
Business undergraduate
students:

On successful completion of the course,

you should be able to:

This learning outcome

will be assessed in the
following items:

LO 1 to 9

Quizzes

Mid-term Exam

Final Exam

Assignment

Quizzes

Mid-term Exam

Final Exam

Assignment

Assignment

Program Learning Goals

and Outcomes

Knowledge

Critical thinking and

problem solving

LO 1 to 9

3a

Written
communication

Construct written work which is logically

and professionally presented.

3b

Oral communication

Communicate ideas in a succinct and

clear manner.

Teamwork

5a.

Ethical, social and

environmental
responsibility

LO8

5b.

Social and cultural

awareness

LO8

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3 LEARNING AND TEACHING ACTIVITIES

3.1

Approach to Learning and Teaching in the Course

The approach to learning and teaching is to direct students in the learning process by
developing their understanding of course topics and to provide opportunities to reflect
on and gain deeper understanding of the applications of the course material.
The purpose of the lectures and RS tutorials is to introduce and explain key concepts in
the student learning outcomes of the Course. It is expected that students come to
lectures having read the relevant chapters in the textbook, any lecture notes and
lecture slides. Each lecture and RS tutorial is an overview of the topics and will focus
on explaining concepts and issues along with applications and practical issues. The
lecture is an opportunity to ask questions and discuss major aspects of the topic with
all students in the course. The purpose of LT tutorials is that of traditional tutorials,
which discuss applications of concepts seen in lectures.

3.2

Learning Activities and Teaching Strategies

The course textbooks, lectures, tutorials and assessment tasks are designed to provide
a framework for your learning. Every student has a different approach to learning. How
much time you spend on reading in preparation for lectures, completing assessment
tasks, reviewing course objectives, deepening your understanding and preparing for
final examinations will depend on your learning approach. You would normally expect
to spend at least 10 hours per week studying the course. Regular study, completing
problems and attending tutorials throughout the course is the best way to master the
course and achieve a successful outcome.
The learning activities of this course involve key components the lecture,
participation, the tutorials, and your private study. Face-to-face activities are:
Lectures: The purpose of the lectures is to introduce and explain concepts in
the student learning outcomes of the Course. Lectures are designed to provide
students with coverage of the key concepts and aims of the course.
LT Tutorials: The purpose of the tutorials is to review exercises, provide
interactive learning, encourage students to work together, and answer students'
questions,
RS Tutorials: Effectively lectures on the R software, with a different prescribed
book, BUT in much smaller groups, and taught in a hands-on way in the
computer labs.
Your private study is a very important component of this course. Weekly readings,
reviewing key concepts, doing examples and assigned tutorial problems and your own
topic summaries should be considered as a basis of a regular private study regime.
Keeping up to date is very important and each week builds on the prior week so it is
important that you have your study regime organised early.
You will need to attend your allocated tutorial classes on a regular basis with draft
answers for the weekly tutorial exercises prepared ready for discussion and
presentation.
How to do well at this subject
Actuarial subjects require a consistent effort throughout the session in order to do well.
In order to do this you need to read the relevant textbook chapter before the lecture,
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attend the lecture, ask questions to reinforce your understanding of each topic,
complete the assigned tutorial exercises prior to the tutorial and actively participate in
tutorials.

4 ASSESSMENT
4.1

Formal Requirements

In order to pass this course, you must:

achieve a composite mark of at least 50; and
make a satisfactory attempt at all assessment tasks (see below).

4.2

Assessment Details

The table below summarises the assessments for ACTL1101 this session and the
weightings of each assessment for the final grade:
Assessment Task

Weighting

In-class quizzes

20%

Mid-term exam

20%

Learning Outcomes
Assessed

Date

Week 2, 3, 4, 5, 6, 9, 11,
LO1 to 9, as per most
recent LT and RS taught 12, 2.05-2.15pm sharp
LO1 to 6
(weeks 1-5, Sherris 1-6)

Group Assignment

20%

LO9

Final Examination

40%

LO1 to 9

5 September 2016,
2-4pm
Due on Wednesday 5
October 2016, 12:00 pm
noon sharp
As advised by UNSW
examinations

In-class quizzes
There will be 8 in-class quizzes of 10 minutes. Students will be required to answer 9
multiple choice questions in Moodle. The number of questions about LT or RS will vary
from one week to another, but there will be at least 3 of each. Each question will be
worth 2 marks, and the total number of marks obtained during session will be the final
mark for this assessment item (capped at 100), and will carry a weight of 20%.
Quizzes will be held at the beginning of lectures. Note that students MUST

be present and ready at 2.05pm sharp in the Science theatre. Any delay will
simply reduce the allowable time to perform the quiz.

be logged into Moodle on their internet-enabled device at 2.05pm sharp. While

not required, we recommend students to use a device that has access to the
mobile internet on top of the wireless (such as smart phone or G-network
enabled tablets), just to reduce chances of issues with internet access

be present in class to be able to perform the quiz. A password will be

communicated in class, which will not be available prior to 2.05pm or otherwise
than in class.

not communicate with other students during the quiz.

Note that there is a potential of 144 marks to be obtained. Because students can miss 2
quizzes (the maximum number of lectures that can be skipped) and still obtain full
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marks, students will not be able to request special consideration or supplementary

quizzes.
Note that questions will be allocated randomly from a database containing more
questions than 9. Furthermore, answers will be randomly shuffled. However, the number
of LS and RS questions will be the same for all students.
Students will see one question at a time, but they will be able to review and modify their
answer to a previously submitted question. However, once the quiz is submitted, it
cannot be reopened. Students will have access to the correct answers for the questions
after having submitting their answers.
Mid-term exam
There will be a mid-term exam held in the Science Theatre on 5 September 2016. The
mid-term exam is worth 20% of total assessment for the course. Note that the school
does not offer supplementary mid-term exams. You may, however, request special
consideration (see Part B). Students will only be allowed to bring the text "Formulae and
Tables for Actuarial Examinations". This must not be annotated.
The mid-term exam will focus exclusively on LT.
Normal examination rules apply to the conduct of mid-term exams. Calculators will be
allowed in the mid-term and final examination but a clear indication of all of the steps
involved in your calculations must be shown; note that calculators must be UNSW
Approved. The University will not supply calculators to students for use. It is the
students responsibility to be familiar with the rules governing the conduct of
examinations. The course exams require written responses, with students earning
marks for correct mathematical working as well as partial marks for incorrect responses
with correct method and reasoning. They test not only their knowledge of the material,
but also the depth of their understanding of it.
Group Assignment
You will undertake a group assignment to develop your skills in R. The main task will be
one of basic descriptive analysis and visualisation of a large set of insurance data
(Chapters 7 and 11 of LaDroLi).
You will work informally as part of a randomly allocated group. Evidence shows that this
is what leads to most fairness, and also mimics real life where you will have to work in
groups that have been formed by others. It also reduces the disadvantage that
international or otherwise non-local students have when groups are formed. It also
makes you meet new persons, who will be your fellow students in the next few years,
and your colleagues in the next many decades.
The Group Assignment will focus exclusively on RS (80% of the final mark, PLGOs 1, 2,
but also 3) and Teamwork (20% of the final mark, PLGO 4). The former will be group
based, while the latter will be individual. A detailed assessment rubric will be provided
when the assignment is released early in session.
Groups will be formed in week 1. Groups will have access to a personalised forum on
Moodle (which other groups cannot access).
Groups will then have to nominate a group leader by cooptation, whose role will be to
coordinate the work, finalise a group contract (see next paragraph) and post it on the
group forum, and submit the assignment before the deadline. Submission remains a
joint responsibility so that team members will all be held responsible if the assignment is
not submitted on time.

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Groups will have to agree on the following items (a form will be made available with the
assignment):

Group leader;

Tasks and responsibilities of each member;

Mode(s) of communication between group members;

Frequency of meetings;

Project milestones (deadlines for components of the assignment by specific

members, etc);

Any other item that the group agreed on.

The contract will have to be submitted in the group forum on Moodle in a separate
thread, to which all other members must reply with their consent. This must be done by
8 August 2016 9am. If the group fails to do so within the deadline, they will have their
assignment mark scaled down by (10x)%, x being defined as the difference between
[the calendar day of completion task], and [7].
Assignments are to be submitted online via Turnitin. Information regarding this will be
made available on the Moodle course web site.
See also this for interesting thoughts about group work and its assessment:
https://www.brookes.ac.uk/aske/documents/Brookes%20groupwork%20Gibbs%20Dec
%2009.pdf
Final Exam
The final exam is intended to test your knowledge, understanding and application of the
course coverage as well as your ability to concisely express yourself. The final
examination will be a two hour written paper. The final examination will be closed book.
Students will only be allowed to bring the text "Formulae and Tables for Actuarial
Examinations" into the exam. This must not be annotated.
Formulae & Tables
The only text students are allowed to bring into the examinations for the actuarial
courses is the text "Formulae and Tables for Actuarial Examinations". It must not be
annotated. All students in the actuarial courses should purchase a copy of this text if
they wish to use it in tutorials, mid-session exams and the final examinations. The text is
available from the UNSW Bookstore or the UK Institute of Actuaries.

4.3

Late Submission

In order to pass the course students must complete and submit all components of
assessment at or before the due times. Late assessment submissions may not be
marked. It is important that students be punctual and reliable when submitting
assessments. This is usually an important workplace requirement and students are
encouraged to ensure they meet deadlines.
Quality Assurance
The Business School is actively monitoring student learning and quality of the student
experience in all its programs. A random selection of completed assessment tasks may
be used for quality assurance, such as to determine the extent to which program
learning goals are being achieved. The information is required for accreditation
purposes, and aggregated findings will be used to inform changes aimed at improving
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the quality of Business School programs. All material used for such processes will be
treated as confidential.

5 COURSE RESOURCES
5.1

Textbooks

The prescribed textbooks for the course are:

[LT] Sherris, M. (2010) Principles of Actuarial Science, Cengage Publishing
[RS] Lafaye de Micheaux, P., Drouilhet, P., Liquet, B. (2013) The R Software,
Springer. Note that this book has been translated into Mandarin and other
languages.
Additional, useful (but non prescribed) references are:
Crawley, M. J. (2013) The R Book, Second Edition, Wiley
[A very comprehensive book, but too big and expensive to carry around.]
Heiberger, R. M., Neuwirth, E. (2009) R Through Excel, Springer
[Explains how to plug R in Excel]
Zuur, I., and Meesters, A (2009) A Beginner's Guide to R, Springer.
[A smaller, shorter reference book]

5.2

Course wesbsite

The course Moodle website is available from the UNSW TELT platform:
http://elearning.unsw.edu.au/
To access the Moodle online support site for students, follow the links from that website
to UNSW Moodle Support/Support for Students. Additional technical support can be
obtained from itservicecentre@unsw.edu.au (02 9385 1333). All course contents will be
available from the course website (except for the module Back to Basics which is
available on the Moodle ACTL students common website). It is essential that you
visit the site regularly (at least weekly) to see any notices posted there by the
course coordinator.

5.3

Formulae & Tables

The only text students are allowed to bring into the examinations for the actuarial
courses is the text "Formulae and Tables for Actuarial Examinations". It must not be
annotated. All students in the actuarial courses should purchase a copy of this text if
they wish to use it in tutorials, mid-session exams and the final examinations. The text
is available from the UNSW Bookstore, the UK Institute of Actuaries or from ActEd.
Visit the ActEd website at http://www.acted.co.uk

5.4

The Actuaries Institute

The Actuaries Institute allows students to become University Subscribers free of charge.
Full time undergraduates studying at an Institute accredited university who are members
of a university student actuarial society are eligible. To sign up, go to
https://www.actuaries.asn.au/becoming-an-actuary/becoming-a-university-subscriber

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10

6 COURSE EVALUATION AND DEVELOPMENT

Each year feedback is sought from students and other stakeholders about the courses
offered in the School and continual improvements are made based on this feedback.
UNSW's Course and Teaching Evaluation and Improvement (CATEI) Process is an
important way in which student evaluative feedback is gathered. In this course, we will
seek your feedback through on-line end of semester CATEI evaluation. It is important
that you provide your input.
As a result of student feedback, industry feedback, and school L&T strategic plan, the
software R is now fully taught and assessed with a new set of tutorials. From this
cohort on, R will be assumed to be mastered by students, and will be used and
assessed in each of the future actuarial courses. Furthermore, we are introducing the
weekly quizzes to help and motivate students with keeping up-to-date, and to include
assessment on R throughout the course. Note that at the same time, a level 3 course,
ACTL3142 Actuarial Data and Analysis, has been introduced in the suite of ACTL
courses, with advanced data analytics tools. Guest lecturers are invited. Finally, the
development and assessment of team work will be strengthened in the group
assignment.

COURSE SCHEDULE

Please refer to the next page. Note that the schedule (especially coverage for each
week) is subject to change.

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11

Lectures
Week Date
Topics (LT)
1 25-Jul-16 Course introduction
Background: History
Introduction to computing tools and R
2 1-Aug-16 Quiz, 2.05-2.15pm
Background: Games of Chance
3 8-Aug-16 Quiz, 2.05-2.15pm
Valuation and accounting of insurance cash flows
4 15-Aug-16 Quiz, 2.05-2.15pm
Mortality models and life annuities
5 22-Aug-16 Quiz, 2.05-2.15pm
Economics of Risk
6 29-Aug-16 Quiz, 2.05-2.15pm
Risk management and financial security systems
7 5-Sep-16 Mid-term Exam, 2-4pm
No lecture
8 12-Sep-16 Life insurance

Readings
Course outline
Sherris 1
LaDroLi 1 and 2

Tutorials LT Tutorials RS
Topic
Topic
No tutorials No tutorials

Week 1

Week 4

Basic concepts I: calculation and

assignement operator
Basic concepts II: variables,
functions and data types
Importing, Exporting and
Producing Data
Data Manipulation I

Week 5

Data Manipulation II

Week 6

Drawing Curves and Plots

Mid-term
Exam
Week 8

Descriptive statistics

Sherris 2
Week 2
Sherris 4.2, 6
Week 3
Sherris 3 and 4.3
Sherris 5
Sherris 7

Sherris 8

9 19-Sep-16 Quiz, 2.05-2.15pm

General insurance
Sherris 9
26-Sep-16 No lecture - University break
10 3-Oct-16 No lecture - Public holiday
5-Oct-16 Assignment due at 12.00pm noon
11 10-Oct-16 Quiz, 2.05-2.15pm
Retirement, social security and health care financing Sherris 10
12 17-Oct-16 Quiz, 2.05-2.15pm
Guest lecture with Chao Qiao FIAA
13 24-Oct-16 Regulation and professional ethics (A/Prof Asher)
Sherris 11
Course Wrap-up

Descriptive statistics

Week 9

Readings

LaDroLi
3.1, 3.2.1
LaDroLi
3.2.2
LaDroLi
4.1-4.3
LaDroLi
5.1-5.3
LaDroLi
5.4-5.7
LaDroLi
7
LaDroLi
11.1-11.4
LaDroLi
11.6

Programming in R; Managing
Sessions
Assignment RCPP package and efficient
computing
Week 11
Mathematical functions and

LaDroLi
8.1-8.4, 9
LaDroLi
8.5, 8.7
LaDroLi

Week 13
Q&A

LaDroLi
10.3-10.5

Numerical integration,
differentiation and optimisation

12