Introduction to Actuarial Studies as a Breadth?

[Asx4Life]

Is this a good idea for a non commerce student? Especially if I require a high GPA for med because when I looked at the amount of tutorials, there  was only two. This kinda scares because everyone doing the subject would be commerce students who actually plan on doing Actuarial studies.

[tram]

1) there are defs more than two tutorials

2) why do you want to do it? if you like maths and are interested in using it in the context of simple financy/mortality things, then sure go for it

3) some can correct me if i'm wrong but i was under the impression that for med they only took your average for directly relevant subjects? That's just a guess, but it sound right to me, someone who actually know what they're talking about can confirm/deny it.

4) If you think you would find it interesting, do it, the maths itself isn't too hard (basic arithmetic), it's the meticulous application of the formulas that make it hard

[Asx4Life]

1) there are defs more than two tutorials

2) why do you want to do it? if you like maths and are interested in using it in the context of simple financy/mortality things, then sure go for it

3) some can correct me if i'm wrong but i was under the impression that for med they only took your average for directly relevant subjects? That's just a guess, but it sound right to me, someone who actually know what they're talking about can confirm/deny it.

4) If you think you would find it interesting, do it, the maths itself isn't too hard (basic arithmetic), it's the meticulous application of the formulas that make it hard

I have a general interest in Actuarial studies and I was planning on taking it next year and taking Intro macro economics this semester however I found Intro microeconomics last semester and I found the subject incredibly boring and found it hard to concentrate during the lectures cause the lecturer made me sleep through all his lectures. From experience is Intro Actuarial Studies more difficult than macroeconomics. Also, is intro micro similar to intro macro  in terms of the concepts like the supply and demand graph?

[tram]

Macro is infinitely more interesting compared to micro. The concepts are harder, but it's much more rewarding to learn and very 'real life' in that you can literally see it working in the world (e.g. you can read the RBA monthly statements as to what they're doing and understand it). It's much less about the supply/demand deal and more about how our economy functions, as opposed to how individual businesses function.

I would say that macro was harder conceptually than IAS, but IAS is much more fiddily and annoying

[Asx4Life]

Macro is infinitely more interesting compared to micro. The concepts are harder, but it's much more rewarding to learn and very 'real life' in that you can literally see it working in the world (e.g. you can read the RBA monthly statements as to what they're doing and understand it). It's much less about the supply/demand deal and more about how our economy functions, as opposed to how individual businesses function.

I would say that macro was harder conceptually than IAS, but IAS is much more fiddily and annoying

Thanks. You have made my decision to change to intro macro much more clear. As long as theres less supply and demand graphs then ill be more content. ^^

[anonymous1]

3) some can correct me if i'm wrong but i was under the impression that for med they only took your average for directly relevant subjects? That's just a guess, but it sound right to me, someone who actually know what they're talking about can confirm/deny it.

That's not correct, all your subjects are counted towards your gpa but each year is given a different weighting. 1:2:3 ratio from first to third year so third year=50%, second year=33% and first year=17%