The Joint Degree programme in Actuarial Studies and Economics is offered by the School of Finance and Applied Statistics, Faculty of Economics and Commerce, ANU and the Department of Economics, Faculty of Arts and Social Sciences, NUS, leading to the degree of ANU / NUS Bachelor of Social Sciences with Joint Honours in Actuarial Studies and Economics. (See also http://ecocomm.anu.edu.au/programs/bsocscihons.asp)
A student in this programme will spend four semesters at NUS (for economics and the foundational courses) and four semesters at ANU (for the actuarial courses).
The programme contains the core of the Economics Honours curriculum as well as the actuarial studies that prepares students for the actuarial career. (For more information on the actuarial education and profession, please go to http://www.actuaries.asn.au/). The programme also includes elements of the NUS broad-based curriculum.
For NUS students, semester 1 of the programme will begin at NUS. Students will spend their first three semesters at NUS, joining ANU in their fourth semester. The eighth and final semester will be spent at NUS.
NUS students will pay NUS tuition fees throughout the course of study. There will be no additional tuition fees for studying at ANU, but students are responsible for their own medical/health insurance, travel, personal and living expenses and other incidental expenses when studying abroad.
Admission into the programme is highly competitive, and is available only to first year students of the Faculty of Arts and Social Sciences. No more than 8 students will be selected for each intake. Selection of NUS students will take place after they have completed two semesters of study at NUS and will be based on academic performance. Students who wish to apply to the Joint Degree Programme must ensure that they complete the modules specified in the joint-degree programme (see detailed outline below) for the first 2 semesters of study within their first year. Unsuccessful applicants may continue to work towards the Honours degree in Economics or any other major in the Faculty. The programme's academic coordinator will be able to offer advice to interested students at the start of each semester.
For information on pursuing an actuarial career and joining the Singapore Actuarial Society (SAS) as a member, please visit the following SAS website http://www.actuaries.org.sg/. Currently, students from NUS will enjoy an entrance fee of $20. He/she does not have to pay the annual subscription fee until he/she graduates.
Detailed Outline of the Programme
Students might be able to alter slightly some of the sequencing in the table below.However, all the listed modules must be completed. Please note that with regard to the FASS Exposure/General Education/ Singapore Studies Modules, the total requirement is: one Singapore Studies Module AND either one General Education Module or one Faculty Exposure Module (from either the Humanities or Asian Studies Division).
Semester 1
NUS |
EC1101E Introduction to Economic Analysis
EC2303/EC2231 Foundations for Econometrics
ACC1002X/BH1002 Financial Accounting/FNA1002
MA1101R Linear Algebra I
FASS exposure module/General Education/Singapore Studies Module |
Semester 2
NUS |
EC2101/EC2151 Microeconomic Analysis I
EC2102/EC2152 Macroeconomic Analysis I
EC3303/EC3231 Econometrics I
FIN2004/FNA2004/BH2004 Finance
MA1102R Calculus |
Semester 3
NUS |
EC3101/EC3151 Microeconomic Analysis II
EC3102/EC3152 Macroeconomic Analysis II
EC3304/EC3237 Econometrics II
FIN3101 Corporate Finance
FASS Exposure/General Education/Singapore Studies Module |
Semester 4
ANU |
BUSN1002 Accounting Process and Systems
STAT2001 Introductory Mathematical Statistics
STAT3037 Life Contingencies
STAT2032 Financial Mathematics |
Semester 5
ANU |
STAT3032 Survival Models
STAT3004 Stochastic Modelling
FINM2002 Financial Instruments and Risk Management
STAT3038 Actuarial Techniques 2 |
Semester 6
ANU |
STAT4031 Actuarial Control Cycle 1
STAT3035 Risk Theory (Distributional Models)
FINM3001 Investments
FINM3003 Continuous Time Finance |
Semester 7
ANU |
STAT3036/ST8036 Credibility Theory
STAT4032 Actuarial Control Cycle 2
1 elective module (e.g. STAT2009 Generalised Linear Models)
1 elective module (e.g. STAT3014 Statistical Inference) |
Semester 8
NUS |
EC4101/EC4151 Microeconomic Analysis III
EC4102/EC4152 Macroeconomic Analysis III
EC4401 Honours Thesis (15 MCs)
4 more MCs from Economics Level 4000 module |
For further queries, please contact askecon@nus.edu.sg.
Links to other NUS and external websites
Singapore Actuarial Society
http://www.actuaries.org.sg/
Actuarial Studies and Economics (ANU) http://ecocomm.anu.edu.au/programs/bsocscihons.asp
Institute of Actuaries in Australia
http://www.actuaries.asn.au/
Hall and College Fee Summary (ANU)
http://housingonline.anu.edu.au/Accomm/Halls/Fees.php
Sample Budget (ANU) http://info.anu.edu.au/studyat/International_Office/exchange/_vspbudget.asp
Financial Aid (Office of Admissions, NUS)
http://www.nus.edu.sg/oam/assist/
FASS Undergraduate Financial Aid
http://www.fas.nus.edu.sg/undergrad/fin_aid/financial_aid.htm and
http://www.fas.nus.edu.sg/docs/undergrad/fass46_06.doc
Estimated monthly expenses for undergraduates (at NUS)
http://www.nus.edu.sg/oam/assist/monthly.htm
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