Module Handbook

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Module MAT-61-PROJ-M-7

Project Seminar Advanced Modelling in Actuarial and Financial Mathematics (M, 6.0 LP)

Module Identification

Module Number Module Name CP (Effort)
MAT-61-PROJ-M-7 Project Seminar Advanced Modelling in Actuarial and Financial Mathematics 6.0 CP (180 h)

Basedata

CP, Effort 6.0 CP = 180 h
Position of the semester 1 Sem. in WiSe/SuSe
Level [7] Master (Advanced)
Language [DE/EN] German or English as required
Module Manager
Lecturers
Lecturers of the department Mathematics
Area of study [MAT-STO] Stochastics/Statistics/Financial Mathematics
Reference course of study [MAT-88.B84-SG] M.Sc. Actuarial and Financial Mathematics
Livecycle-State [NORM] Active

Notice

With the approval of the examination board of the department of mathematics, this module can be replaced by an external (job-related) internship, provided it is ensured that the results of study / competences are achieved. The presentation or report submitted should be edited to ensure that enterprise-specific features are taken into account.

Courses

Type/SWS Course Number Title Choice in
Module-Part
Presence-Time /
Self-Study
SL SL is
required for exa.
PL CP Sem.
2S MAT-61-PROJ-K-7
Project Seminar Advanced Modelling in Actuarial and Financial Mathematics
P 28 h 152 h
L-Schein
- no 6.0 WiSe/SuSe
  • About [MAT-61-PROJ-K-7]: Title: "Project Seminar Advanced Modelling in Actuarial and Financial Mathematics"; Presence-Time: 28 h; Self-Study: 152 h
  • About [MAT-61-PROJ-K-7]: The study achievement [L-Schein] proof of successful participation in the practical course / lab must be obtained.

Evaluation of grades

The module is not graded (only study achievements)..


Contents

Working on a project from the field of finance and insurance industry in a group (2-5 participants) under the guidance of a project supervisor:
  • Starting point is a real life problem.
  • Handling the problem / Problem solving: selection or development of an appropriate financial or actuarial model, gathering the required theoretical knowledge, formulating solutions, development of theoretical solutions or selection of suitable numerical methods, implementation of the method. During the regular meetings with the supervisor, a group member should present the current state of work and plan for further action.
  • Final presentation and / or final report: Each member of the group is responsible for a certain part of the project.

Competencies / intended learning achievements

Students are able to apply the acquired knowledge to practical problems of financial and actuarial industry. They can gather the knowledge required, develop and implement their solutions independently. Through the presentation of the results, they have displayed their understanding of the problem and the methods used to analyse it. They are able to explain their solutions and to reflect them critically.

Requirements for attendance (informal)

Depending on the choice of the topic, different courses from the bachelor's programme in Mathematics resp. the master's degree programme Actuarial and Financial Mathematics will be required.

Modules:

Requirements for attendance (formal)

prior registration, eligibility to participate might depend on whether the student has passed certain specific modules from “Actuarial and Financial Mathematics”. Eligibility might also depend on the number of credit points the student has accumulated.

References to Module / Module Number [MAT-61-PROJ-M-7]

Course of Study Section Choice/Obligation
[MAT-88.B84-SG] M.Sc. Actuarial and Financial Mathematics Specialisation Actuarial and Financial Mathematics [P] Compulsory