Course materials Actuarial Models 1
This page will provide online access to the course materials
(lecture notes, example sheets, etc.) for the unit Actuarial Models 1.
For any questions please contact the lecturer Ronnie
Loeffen by e-mail or drop by my office (e.g. during my office hour, Monday 3.30-4.30pm) or approach after the lecture.
The lecture notes will be updated throughout the semester. Note that
any appendices appearing in the lecture notes are not `exam-material'.
- The slides of the first lecture can be found here.
- Lecture notes for MATH3/69511: for the
latest version, click here
(last updated on 26/11/2017).
- For the slides of the lecture on 4 December on graduation, click here.
- Additional lecture notes for MATH69511 only:
for the latest version, click here
(last updated on 29/11/2017: latest version contains additional exercises). Solutions to the exercises will
appear on Blackboard
(for MATH69511 only; updated 11/12/2017: latest update contains solutions to all the Exercises).
The coursework will consist of two pieces of homework to be handed in. At the moment, the two deadlines are
scheduled as follows: Tuesday November 7 and Tuesday December 5. Each coursework will be provided well in advance of the corresponding deadline. Each part counts as 1/2 for the total coursework mark and the total coursework mark counts for 10% of the final mark. Note that the coursework for level 6 will be an extended version of the coursework for level 3.
Part 1 of the coursework for level 3 can be found here. 14-11-2017: Solutions have been put on Blackboard.
Part 1 of the coursework for level 6 can be found here. 14-11-2017: Solutions have been put on Blackboard (for MATH69511 only).
Part 2 of the coursework for level 3 can be found here. 12-12-2017: Solutions have been put on Blackboard.
Part 2 of the coursework for level 6 can be found here. 12-12-2017: Solutions have been put on Blackboard (for MATH69511 only).
Tutorials will provide an opportunity for students' work to be discussed and provide feedback on their understanding. Naturally, the coursework also provides an opportunity for students to receive feedback. Students can also get feedback on their understanding directly from the lecturer, for example during the lecturer's office hour.
The slides with the list of important points can be found on
Past exam papers
The exam papers of 2014-15, 2015-16 and 2016-17 can be found using this page and/or this page.
Feedback for the papers of 2016-17, 2015-16 and 2014-15 can be
found respectively here,
here (update 13/12/2017: fixed a typo in the feedback of the 2014-15 paper).
Differences w.r.t. previous years. The course unit underwent some significant changes last year, especially for level 3. See below for the main differences between the exams since last year and the ones from 2014-15 and 2015-16.
- Since last year the exam length for level 3 is 2 hours, whereas in 2014-15 and 2015-16 it was 2.5 hours.
- Since last year the exam length for level 6 is 3 hours, whereas in 2014-15 and 2015-16 it was 2.5 hours.
- Chapter 6 (on estimation for discrete time Markov chains) and Section 7.2 (on estimating the exposed to risk) are both new topics since last year. So these topics were not present on the past exam papers of 2014-15 and 2015-16.
- For level 3, the following questions on previous exam papers are no longer relevant:
- 2014-15: 1, 5 and 6.
- 2015-16: 4 and 5.
- For level 6, the following questions on previous exam papers are no longer relevant: