Handbook - Actuarial Studies / Economics

Overview

The Bachelor of Actuarial Studies / Economics program enables students to complete a depth of study from the actuarial studies program offered by the School of Risk & Actuarial Studies and the economics program offered by the School of Economics in the UNSW Business School.

Stand Alone Programs

Click on the link below to find out more about each individual program.

Double Degree Structure

Students must complete 192 UOC.

These UOC are made up of:

Actuarial Studies (96 UOC)

Level 1 Core Courses (48 UOC)
Level 2 Core Courses (24 UOC) (ACTL2131 may be substituted by MATH2901 and MATH2931, please see below)
Level 3 Core Course (6 UOC)
Level 3 Actuarial Studies Electives (18 UOC)

Economics (96 UOC)

Introductory Business Core (6 UOC) - this will be satisfied by the completion of Level 1 Courses in the Actuarial Studies component.
Economics Core Courses (48 UOC) - Students will complete ECON1101 & ECON1102 as part of the Actuarial Studies Level 1 Core Courses. Also ECON1202 and ECON1203 are satisfied by MATH1151 and MATH1251 and therefore students do not have to take these courses where listed in their major.
Economics Electives (30 UOC)
Business School Electives (12 UOC) – this will be satisfied by the completion of Level 2 and Level 3 courses in the Actuarial Studies component

Students may choose to use their Economics core and elective courses to complete an optional Economics major. Courses for the major are taken once but also meet core and elective course rules where listed.

Electives

Where students satisfy the requirements for the Actuarial and Economics rules in less than 192 UOC due to courses shared across the two programs, they can choose free electives to ensure a total of 192 UOC is completed.

Disciplinary Component - 3586 Actuarial Studies96 Units of Credit:

Students must complete 96 UOC of the following to satisfy the core requirements of this degree

Level 1 Core Courses48 Units of Credit:

Students must take 48 UOC of the following courses.

Level 2 Core Courses24 Units of Credit:

Students must take 24 UOC of the following courses.

Students may replace ACTL2131 with the two courses MATH2901 Higher Theory of Statistics and MATH2931 Higher Linear Models. If students make this replacement, MATH2901 will count towards ACTL2131, and MATH2931 will be counted towards a major where this course is required or as a Business elective.

Level 3 Core Courses6 Units of Credit:

Level 3 Actuarial Electives18 Units of Credit:

Students must complete 18 UOC of the following courses.

Optional Specialisations

Students may choose to complete an optional Actuarial Studies major or Business major / minor using the elective space in their program.

Actuarial Studies Majors

Students may elect to complete one of the following majors in addition to their Actuarial Studies program requirements.

Students completing these majors will still need to complete the program requirements such as Level 1 and 2 core course as well as Level 3 electives.

These majors will require UOC to be taken from the Business Electives, Free elective and/or General Education courses depending on a students program rules and courses completed. It may also require completion of additional UOC above the minimum required for a student's program. Please see the Progression Plans and consult the Business School Student Centre if you are interested in completing either of these majors.

Other Majors / Minors

Students may elect to complete a maximum of one major/minor listed below in addition to their Actuarial Studies program requirements.

Notes for Single-Degree students: Completion of one of the following non-Actuarial Studies Majors within the single Actuarial Studies degree may result in more UOC required for degree completion.

Notes for Double-Degree students: Completion of an additional major/minor within the combined Actuarial Studies degree may result in more UOC required for degree completion.

Completion of an Actuarial Studies and Business Optional Specialisation

Disciplinary Component - 3543 Economics96 Units of Credit:

Students must complete 96 UOC of the following to satisfy the core requirements of this degree

Actuarial Studies First Year Courses Satisfy Economics Introductory Business Course Requirement

Introductory Business Course6 Units of Credit:

Economics Core48 Units of Credit:

Students must take 48 UOC of the following courses.

Economics Electives30 Units of Credit:

Students must take 30 UOC of the following courses with at least 18 UOC of Level 3 Economics courses.

Level 2 Economics course

Level 3 Economics course

Actuarial Studies Options

UNSW Business Electives12 Units of Credit:

Optional Economics major48 Units of Credit:

Students may choose to complete one or two optional Economics majors. Students may use their Economics Core and Economics Elective courses to complete these economics majors. Please note: If you choose to study two optional Economics majors, you must choose another 6 courses (36 UOC) from the second major that do not overlap with the first optional major.

3588 - Economics Major Requirements

Electives

Program Constraints

Limit Rule

Maturity Rule

Enrolment Disclaimer

Please read the Double Degree Program rules as some specific rules apply to particular Double Degree combinations.

You are responsible for ensuring you enrol in courses according to your program requirements and advice from your Program Authority. myUNSW enrolment checks that you have met enrolment requirements such as pre-requisites for individual courses but not that you are enrolling in courses that will count towards your program.

Additional Information

Note that, for some majors, additional study of courses above the minimum stipulated for the dual degree program may be required

Please note that these requirements may be subject to change. Students should always follow the program requirements according to the year they started their degree. For more information please visit previous UNSW online handbooks

Contact The Nucleus: Student Hub for advice.
Tel: + 61 2 9385 8500
Location: The Nucleus: Student Hub, Level 2, in the Main Library (UNSW map location F21)

Click here to view the Progression Plan for your program

Program Fees

At UNSW fees are generally charged at course level and therefore dependent upon individual enrolment and other factors such as student's residency status. For generic information on fees and additional expenses of UNSW programs, click on one of the following:

Pre-2019 Handbook Editions

Access past handbook editions (2018 and prior)

Faculty
Faculty: The primary academic unit in which related disciplines of teaching and research are conducted.

Managing Faculty

Campus

Sydney

Study Level
Study Level refers to the academic level of a program, specialisation or course.

Undergraduate

Typical duration:

4 Year(s)

Intake Period

Term 1, Term 2, Term 3

Academic Calendar

Minimum Units of Credit

192

Award Type(s)

Bachelor

Award(s)
Award(s): Qualification upon completion (all awards offered by UNSW are accredited by UNSW and align with the Australian Qualifications Framework).

Bachelor of Actuarial Studies - BActSt
Bachelor of Economics - BEc

UAC Code

424350

CRICOS Code

077867A