As with most pure actuarial-related third year units, this is on the

more difficult end in terms of content. However, I found the unit

quite interesting and applicable to the general insurance

industry, where concepts within this unit are predominantly

applied. This unit serves as a quintessential tool to be able to

acquire and apply these methods in future work.

The lectures themselves were mostly going through already very

comprehensive lecture slides, which, as long as you pair with the

CM2/CS2 texts are more than enough for you to do well.

I would recommend paying close attention to doing and acquiring

as many questions as possible to be able to fully understand the

content, and proceed with the exams smoothly.

The tutors generally go through tutorial questions from the past

week in the tutorials and tutorial solutions are posted at the end

of the week. Some students may find auditory and visual input

provided by the tutors more engaging or easily absorbed so there

definitely is a benefit to attending tutorials.

The first assessment was quite heavy in its content and

expectations, where you were required to perform statistical

modelling and present your results in a neat report. This might

be daunting for people who haven't done any related units (such

as ETC3410, ETC3550 and ETC3580) before. Self-learning and

effective writing techniques are essential to score well in this

assessment, which might be more difficult for some.

The second assessment was relatively much simpler, but the

multiple-choice questions were generally tricky. Each question

also had a very high weighting at around 2.2% per question.

However, students generally do fine if they commit to completing

some of the questions presented on the lecture slides.

The final exam was generally quite tricky as well, as with the

second assessment. However, the questions are quite doable if

there is a lot of emphasis on doing and repeating questions in

the tutorial, lecture slides and CM2/CS2 core reading within a

student's study strategy, since the questions are quite similar.

Like most other actuarial units, this unit is conceptually very

difficult and may require much more attention compared to many

other econometrics units. I would suggest consistent weekly

learning for this unit, and special attention to be paid on

understanding, attempting and repeating questions provided on

the lecture slides, tutorials and the CS2/CM2 core reading.