TYPE OF COURSE UNIT	Elective Course
LEVEL OF COURSE UNIT	Master's Degree With Thesis
YEAR OF STUDY	-
SEMESTER	-
NUMBER OF ECTS CREDITS ALLOCATED	10
NAME OF LECTURER(S)	. Servıs Servıs
LEARNING OUTCOMES OF THE COURSE UNIT	At the end of this course, the students; 1) Learns the assets issued for risk, risk management, risk theory, risk aversion, and risk management.
MODE OF DELIVERY	Face to face
PRE-REQUISITES OF THE COURSE	No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT	None
COURSE DEFINITION	Insurance Economics brings together the economic analysis of decision making under risk, risk management and demand for insurance by individuals and corporations, objectives pursued and management tools used by insurance companies, the regulation of insurance, and the division of labor between private and social insurance.
COURSE CONTENTS	WEEK TOPICS 1st Week Present Value 2nd Week Risk and the Theory of Expected Utility 3rd Week Risk and the Theory of Expected Utility 4th Week Measuring Risk and Theory of Risk Aversion 5th Week Measuring Risk and Theory of Risk Aversion 6th Week The State-Contingency Approach 7th Week The State-Contingency Approach 8th Week Midterm 9th Week Pooling and Diversification 10th Week Equilibrium in Markets for Insurance 11th Week Equilibrium in Markets for Insurance 12th Week Equilibrium in Markets for Insurance 13th Week The Role of Options in Trading Risk 14th Week The Role of Options in Trading Risk
RECOMENDED OR REQUIRED READING	Brealey, Meyers and Allen, Principles of Corporate Finance, 9th Edition, 2008, McGrawHill. Bodie, Kane and Marcus, Investments, 8th Edition, 2009, McGraw-Hill. Jean-Jacques Laffont, The Economics of Uncertainty and Information, 1993, The MIT Press, Cambridge, Massachusetts.
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Lecture,Discussion
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Mid-term 1 40 Quiz 1 10 Total(%) 50 Contribution of In-term Studies to Overall Grade(%) 50 Contribution of Final Examination to Overall Grade(%) 50 Total(%) 100
ECTS WORKLOAD	Activities Number Hours Workload Midterm exam 1 2 2 Preparation for Quiz 1 55 55 Individual or group work 14 5 70 Preparation for Final exam 1 70 70 Course hours 14 3 42 Preparation for Midterm exam 1 60 60 Laboratory (including preparation) Final exam 1 2 2 Homework Total Workload 301 Total Workload / 30 10,03 ECTS Credits of the Course 10
LANGUAGE OF INSTRUCTION	Turkish
WORK PLACEMENT(S)	No