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2019 Registration Information

Subject information

2019 First Year

2019 Second Year

2019 Third Year

2019 BSc Extended programme - Mathematical Sciences

Exemptions

Frequently asked questions

 

Download the information here in one printable document: 2019 Registration Information.

 

BSc Actuarial and Financial Mathematics – First Year:

First year students should register for all the following modules. All modules are compulsory and there are no elective choices in first year.

Students who do not qualify for AIM 102 must register for AIM 111 and AIM 121.

First semester

Code

Name

Credits

EKN 110

Economics 110

10

LST 110

Language and Study Skills 110

  6

FBS 112

Financial Management 112

10

IAS 111

Actuarial and Financial Mathematics in practice 111

  6

UPO 102

Academic orientation 102

  0

WST 111

Mathematical Statistics 111

16

WTW 114

Calculus 114

16

WTW 152

Mathematical modelling

  8

Total credits for compulsory modules

72

 

Second semester

Code

Name

Credits

AIM 102

Academic Information Management 102

   6

EKN 120

Economics 120

10

FBS 122

Financial Management 122

10

IAS 121

Actuarial and Financial Mathematics in practice 121

   6

WST 121

Mathematical statistics 121

16

WTW 123

Numerical analysis 123

  8

WTW 124

Mathematics 124

16

Total credits for compulsory modules

72

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BSc Actuarial and Financial Mathematics – Second Year:

Second year students should register for the modules set out below. Note that all modules are compulsory with the exception of the second semester where you should select either IAS 282 or WTW 221.

First semester

Code

Name

Credits

IAS 211

Actuarial mathematics 211

Required: IAS 111, IAS 121, WTW114, WTW123, WTW124, WTW 152, WST111 & WST121

For students doing IAS 211 in 2019, IAS 111, IAS 121 and WTW 152 do not apply.

12

WST 211

Mathematical statistics 211

Required: WST111, WST121, WTW114GS & WTW124GS

24

WST 212

 

 

OR

INF 214

Applications in data science 212

Required: WST 111, WST 121, WTW 114GS & WTW124GS

 

 

Informatics 214

Required: AIM102 or AIM111 & AIM121

12

 

 

OR

14

WTW 211

Linear algebra 211 Required: WTW124

12

WTW 218

Calculus 218

Required: WTW114 & WTW124

12

Total credits for compulsory modules

72 (or 74)

 

Second semester

Code

Name

Credits

IAS 221

Actuarial mathematics 221 Required: IAS211

12

WST 221

Mathematical statistics 221 Required: WST211GS

24

WTW 220

Analysis 220

Required: WTW114, WTW124, WTW 211, WTW 218

12

WTW 264

Differential equations 264 Required: WTW114 & WTW124

12

Total credits for compulsory modules

60

IAS 282

Financial Mathematics 282

Required: IAS 211

12

WTW 221

Linear Algebra 221

Required: WTW211, WTW 218

12

Total credits for elective modules

12

You have a choice between INF 214 (as before) and WST 212 (new). We recommend that you take WST 212, but it is up to you. Either subject will be recognised for your degree, but you will not get credit for both. An important aspect to keep in mind when making this decision is the exemption requirements. WST 212 will be included when considering exemptions for A212 in 2020. Therefore, if you are not completing the requirements for an A212 exemption in 2019, you should rather choose WST 212.

If you have not yet passed all your first year modules, you should discuss your study plan with the department. When preparing an updated study plan, you should consider the following information as well as the combinations of subjects (set out below) required to qualify for exemption from the Actuarial Society examinations.

  1. If you failed COS 132, you can repeat COS 132 or alternatively, you can register for WTW 152 and check your credits - see point 5.
  2. If you failed EKN 113 and/or EKN 123, you need to register for EKN 110 and/or EKN 120 and check your credits - see point 5.
  3. If you failed any other first year module(s), you need to repeat the same module(s).
  4. Note that the prerequisites for IAS 211 now include IAS 111 and IAS 121. We know that students taking IAS 211 in 2019 have not completed these subjects and will take it into consideration when presenting the course. However, in 2020 IAS 211 will continue from where IAS 111 and IAS 121 left off. Therefore, if you are not doing IAS 211 in 2019, you should include IAS 111 and IAS 121 in your study plan.
  5. Note that the credits for WTW 152 are less than for COS 132 and the credits for EKN 110 and EKN 120 are less than for EKN 113 and EKN 123. You need 144 credits at first year level. You may therefore also have to do IAS 111 and possibly IAS 121 as well as to ensure that you have enough first year credits. Make sure that you check this.

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BSc Actuarial and Financial Mathematics – Third Year:

Third year students should register for the six core modules set out below and for two elective modules in terms of the following options.

  1. Actuarial Science option: IAS 353, IAS 382
  2. Financial Mathematics option: WTW310 and one the following modules WTW 320, WTW 382, WTW 383, WTW 386

First semester core modules

Code

Name

Credit

WST 311

Multivariate analysis 311

Required: WST211, WST221, WTW211GS & WTW218GS

18

WST 312

Stochastic Processes 312

Required: WST211, WST221, WTW211GS & WTW218GS

18

WTW 354

Financial engineering 354

Required: WST211, WTW211 & WTW218

18

Total credits for compulsory modules

54

Second semester core modules

Code

Name

Credit

WST 321

Time series analysis 321

Required: WST211, WST221, WTW211GS & WTW218GS

18

WST 322

Actuarial Statistics 322

Required: WST211, WST221, WTW211GS & WTW218GS

18

WTW 364

Financial engineering 364

Required: WST211, WTW124, WTW218 & WTW264

18

Total credits for compulsory modules

54

 

Elective modules

Code

Name

Credit

Semester

IAS 353

Contingencies 353

Required: IAS 382, WST 312

For students doing IAS 353 in 2019 only: Students who meet the 60% for IAS 221 requirement and for some or other reason do not meet the IAS 382 and WST 312 requirements may apply for a waiver of prerequisites.

18

2

IAS 382

Survival models 382

Required: IAS 221 60%, IAS 282 60%, WST 211, WST 221,

WTW 211, WTW 218

For students doing IAS 382 in 2019 only: students who do not meet the 60% for IAS 282, but who meet all the other requirements may apply for a waiver of prerequisites.

18

1

WTW 310

Analysis 310

Required: WTW 220

18

1

WTW 320

Complex Analysis 320 Required: WTW218, WTW220

18

2

WTW 382

Dynamical Systems 382 Required: WTW218, WTW264

18

1

WTW 383

Numerical Analysis 383

Required: WTW114, WTW 123, WTW124, WTW 211

18

2

WTW 386

Partial differential equations 386 Required: WTW 248 and WTW 264

18

1

Total credits for elective modules

36

 

 
IAS 361 will not be offered in 2019 and the requirements for Honours in Actuarial Science have been changed to remove IAS 361 as a requirement for 2020.

Students who want to complete the BSc (Actuarial and Financial Mathematics) degree, but are considering an honours degree in Mathematics, should in addition to the Financial Mathematics option take the module WTW381 for non-degree purposes.

Students who want to complete the BSc (Actuarial and Financial Mathematics) degree, but are considering an honours degree in Applied Mathematics, should take the Financial Mathematics option with any two of the modules WTW 382, WTW 383, WTW386, with one of them for non-degree purposes.

Students who want to complete the BSc (Actuarial and Financial Mathematics) degree, but are considering an honours degree in Mathematical Statistics, should take in addition to either option STK 353 for non-degree purposes.

Students who would like to continue with any of the alternative abovementioned honours degrees without taking additional credits can switch to the respective undergraduate programme during their third year. Students should note that they still qualify for exemptions from the Actuarial Society subjects if they switch to one of the alternative degrees.

If you have not yet passed all your first and second year modules, you should discuss your study plan with the department. When preparing an updated study plan, you should consider the following information as well as the combinations of subjects (set out below) required to qualify for exemption from the Actuarial Society examinations.

 
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2019 BSc Extended programme - Mathematical Sciences (2nd year)

Students who are considering BSc(Actuarial and Financial Mathematics) and who meet the requirements should register for all the following modules.

First semester

Code

Name

Credits

EKN 110

Economics 110

10

FBS 112

Financial Management 112

Required: At least 6 (70-79%) in Mathematics in the Grade 12 examination or WTW 133 (60%), WTW 143 (60%), WST 133 (60%) and

WST 143 (60%)

10

IAS 111

Actuarial and Financial Mathematics in practice 111

Required: At least 6 (70-79%) in Mathematics in the Grade 12 examination or WTW 133 (60%), WTW 143 (60%), WST 133 (60%) and

WST 143 (60%)

  6

WST 153

Mathematical Statistics 153

WST 133 and WST143 and WTW 143. Must be taken concurrently with WTW 153

  8

WTW 152

Mathematical modelling

  8

WTW 153

Calculus 153

Required: WTW 143

8

Total credits for compulsory modules

50

 

Second semester

Code

Name

Credits

EKN 120

Economics 120 Required: EKN 110 GS

10

FBS 122

Financial Management 122

FBS 112

10

IAS 121

Actuarial and Financial Mathematics in practice 121 Required: WTW 153, WST 153, IAS 111

  6

WST 121

Mathematical statistics 121

WST 133, WST 143 and WST 153

16

WTW 123

Numerical analysis 123

  8

WTW 124

Calculus and Algebra 124

16

Total credits for compulsory modules

66

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Exemptions from Actuarial Society 

We are awaiting confirmation of the exemption requirements from the Actuarial Society for 2019 going forward.

For registration purposes, the subjects that need to be taken in the same year to qualify for an exemption are as follows:

  • IAS 211 and IAS 282
  • WTW 354 and WTW 364

For the other exemptions, the order in which the required subjects are completed during your degree programme from 2019 going forward will not matter. For subjects done prior to 2019, the old exemption rules apply.

Note that only the first examination opportunity available in any module is taken into account for exemption purposes. Sick, supplementary and/or any other special exams are not considered.

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Last edited by Lee-ann NeelsEdit