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Jim Farmer

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Jim Andrew Farmer
  • Title: Mr
  • Position: Senior Lecturer - Department of Applied Finance and Actuarial Studies
  • Qualifications: BEc Macq., FIAA

Contact Details

Profile

Jim Farmer joined the Department as a lecturer in 1991 after several years working in the life insurance industry. He has taught at first, second, third year and Masters levels. His publications have been largely in the life insurance area with an emphasis on recent developments in realistic reporting of profits for life insurance companies. He is the author of the only book on the mathematics behind these realistic reporting techniques, a book which has been used in both undergraduate and professional subjects.

Research areas

Research Interests

Term insurance, Monte Carlo Markov Chain simulations, Margin on services profit reporting, student progression rates, annuities, surrender value, actuarial websites.

Publications

journal toggle icon open Refereed Journal Articles

[37] Adam Butt, John Evans, Jim Farmer and David Pitt.
"A pilot survey of actuarial graduates' views on their education"
Australian Journal of Actuarial Practice. 2014 Volume 1. pp63-75

[36] "Expected trials under the matching rounds problem"
Australian Senior Mathematics Journal. Volume 28 No 1. 2014. pp28-37

[35] "Using Taylor's formula to compare compound and simple interest"
The Mathematical Gazette. Volume 97. No 538. March 2013. pp150-153.

[34] "Model fitting for predicted precipitation in Darwin: Some comments on model choice" Australian Senior Mathematics Journal, Volume 24. No2. 2010. p6-12.[33]

[33] "Understanding statistical variation: A response to Sharma"
Australian Senior Mathematics Journal, Volume 22. No1. 2008. p59-62.[32]

[32] "Moments of the accumulation of an annuity under independent identically distributed interest rates"
Department of Actuarial Studies Research Paper Number 2007/04. Macquarie University.

[31] "Misconceptions of randomness and expected sequential pairs in a permutation of integers"
The Mathematical Gazette. Volume 91. No 521. July 2007. pp246-248.

[30] "Some comments on effective interest rates on loans"
Reflections. Volume 31. No 4. November 2006. pp19-23.

[29] "The Percentage Conversion Myth"
Reflections. Volume 30. No 3. August 2005. pp14-16.

[28] "The volume of a torus using cylindrical and spherical coordinates"
Australian Senior Mathematics Journal. Volume 19 No 2. 2005. pp49-58.

[27] "Completion Rates of International Students Entering the Actuarial Program"
Department of Actuarial Studies Research Paper Number 2005/01. Macquarie University.

[26] "An Update on Life Insurance Company Web Sites"
Department of Actuarial Studies Research Paper Number 2003/05. Macquarie University.

[25] "Term Insurance Disclosure Issues"
Department of Number 2003/04. Macquarie University.

[24] "Term Insurance in Australia"
Department of Actuarial Studies Research Paper Number 2003/03. Macquarie University.

[23] "Comments on Green's number investigation from Reflections 26(3)"
Reflections. Volume 27. No 2. May 2002. pp48-49.

[22] "Some comments on 'show that' questions and circular arguments"
Reflections. Volume 27. No 2. May 2002. p1.

[21] "Increasing and Decreasing Annuities and Time Reversal"
Australian Actuarial Journal. Volume 7(1) 2001. pp247-250. (A heavily condensed version of [20].)

[20] "Increasing and Decreasing Annuities and Time Reversal"
Department of Actuarial Studies Research Paper Number 2000/02. Macquarie University.

[19] "Improving exam-marking efficiency and combatting assessment misconceptions"
Reflections. Volume 25. No 1. February 2000. pp30-33. (This article documents material presented by the author at the 1999 annual conference of the Mathematical Association of NSW.)

[18] "Solvency Testing in Australia"
Actuarial Communications. Journal of Actuarial Committee, Shanghai Insurance Institute. Volume 2(1). June 1999. pp18-19.

[17] "Refuting a proposed solution to the travelling salesperson's dilemma"
Reflections. Volume 24. No 2. May 1999. pp40-41.

[16] "Content and Useability of Australian Life Insurance Companies' Web Sites"
Australian Actuarial Journal. Volume 5(3) 1999. pp491-513. (A more developed version of [13].)

[15] "Requirements of Surrender Value Formulae"
Australian Actuarial Journal. Volume 5(2) 1999. pp293-317. (A more developed version of [12].)

[14] "Interest in interest"
The Skeptic. Volume 19 No 1. Autumn 1999. p66.

[13] "Content and Useability of Australian Life Insurance Companies' Web Sites"
Department of Actuarial Studies Research Paper Number 1999/02. Macquarie University.

[12] "Requirements of Surrender Value Formulae"
Department of Actuarial Studies Research Paper Number 1999/01. Macquarie University.

[11] "A Survey of Macquarie University Students' Home Computers"
Department of Actuarial Studies and Demography Research Paper Number 003/98. 1998. Macquarie University.

[10] "Analysis of Surplus: Mixing Realism with Conservatism"
The Institute of Actuaries of Australia Quarterly Journal. Sept 1997. pp11-24. (A more developed version of [9].)

[9] "A Modification of the Traditional Analysis of Surplus Formula"
Department of Actuarial Studies and Demography Research Paper Number 008/97. 1997. Macquarie University.

[8] "Loss Recognition Under the Margin on Services Reporting Technique"
The Institute of Actuaries of Australia Quarterly Journal. June 1996. pp37-50. (A more developed version of [7].)

[7] "Loss Recognition Under the Margin on Services Reporting Technique"
Department of Actuarial Studies and Demography Research Paper Number 008/96. 1996. Macquarie University.

[6] "Using the x <-> M Key to Perform the Euclidean Algorithm"
Reflections. Volume 21. No 2. May 1996. pp14-15.

[5] "Using Investment Earnings as the Profit Carrier"
The Institute of Actuaries of Australia Quarterly Journal. September 1995. pp76-90

[4] "A Note on Occupancy Probabilities in Multiple State Models"
Co-written with Leonie Tickle.
The Institute of Actuaries of Australia Quarterly Journal. June 1995. pp36-39

[3] "Statistics"
The Skeptic. Volume 15 No 1. Autumn 1995. pp27,30.

[2] "The Unsettling Case of Proof by Contradiction and Paradoxes"
Australian Senior Mathematics Journal. Volume 8. No 2. 1994. pp21-22

[1] "Some Remarks on the Valuation of Fixed Interest Securities"
The Institute of Actuaries of Australia Quarterly Journal. June 1994. pp27-32

books toggle icon open Books

"An Introduction to the Mathematics of Australian Life Insurance"
Parametric Publications. 1996. ISBN: 0-646-27208-X
View Updates.
"Roadmap to Life Insurance Products"

CCH Australia Limited. 1998. ISBN: 1-86468-049-0

chapters toggle icon open Book Chapters

"Insurance". Appearing in "1998/99 Australian Master Financial Planning Guide"
CCH Australia. 1998. ISBN 1-86468-015-6

Teaching

  • ACST200
  • ACST211
  • ACST300