Financial Modelling - MACT9520

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Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2022 to 2023
Year 7 15 (7.5) Andrew James checkmark-circle


The curriculum is intended to be consistent with that of the Institute and Faculty of Actuaries professional subject CP2.

Students will be given training to use Microsoft Word, Excel and PowerPoint to a level that is needed for the module (some familiarity with the packages is assumed).

The curriculum provides an introduction to, and development of, practical modelling techniques including the need for appropriate documentation, with a series of exercises to develop skills in applying techniques. Exercises are completed and discussed in class, along with the methods and principles of financial modelling and documentation.


Contact hours

Contact hours: 36
Private Study hours 114
Total study hours 150

Method of assessment

100% coursework

Indicative reading

This is primarily a practical module. The majority of the reading will be provided by specific lecture notes.

See the library reading list for this module (Canterbury)

Learning outcomes

The intended subject specific learning outcomes. On successfully completing the module students will be able to:

1 demonstrate a systematic understanding of the principles of specific actuarial mathematics techniques;
2 prepare, analyse and summarise raw data;
3 develop, systematically and creatively, actuarial models to solve actuarial problems;
4 apply, interpret and communicate the method, assumptions and results of the models derived in 3 above;
5 evaluate critically approaches to financial modelling and documentation.

The intended generic learning outcomes. On successfully completing the module students will be able to:

1 exercise initiative and decision making in complex and unpredictable situations, using a logical mathematical approach to solving problems;
2 communicate effectively, both orally and in writing, at a level appropriate to the audience;
3 use appropriate information technology;
4 work effectively, both independently and in groups, planning and implementing tasks at a professional level.


  1. Credit level 7. Undergraduate or postgraduate masters level module.
  2. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  3. The named convenor is the convenor for the current academic session.
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