TYPE OF COURSE UNIT	Compulsory Course
LEVEL OF COURSE UNIT	Bachelor's Degree
YEAR OF STUDY	3
SEMESTER	Fifth Term (Fall)
NUMBER OF ECTS CREDITS ALLOCATED	5
NAME OF LECTURER(S)	Assistant Professor Sinem Kozpınar
LEARNING OUTCOMES OF THE COURSE UNIT	At the end of this course, the students; 1) Gain the ability to calculate classical and conditional probabilities by understanding basic probability concepts. 2) Calculate expected values ??and moments using discrete random variables and their distributions. 3) Calculate expected values ??and moments using continuous random variables and their distributions. 4) Learn some special statistical distributions used in insurance.
MODE OF DELIVERY	Face to face
PRE-REQUISITES OF THE COURSE	No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT	None
COURSE DEFINITION	This course covers basic probability definitions; concept of probability, conditional probability, independence of two events, random variables and their distributions, discrete random variables and their distributions, continuous random variables and their distributions, the area under a curve, integration and differentiation, expectations and moments and statistical distributions useful in general insurance work.
COURSE CONTENTS	WEEK TOPICS 1st Week Basic probability definitions 2nd Week Concept of probability 3rd Week Conditional probability 4th Week Independence of two events,random variables and their distributions 5th Week Discrete random variables and their distributions 6th Week Discrete random variables and their distributions 7th Week Continuous random variables and their distributions 8th Week Midterm 9th Week Continuous random variables and their distributions 10th Week The area under a curve, integration 11th Week Expectations and moments 12th Week Statistical distributions useful in general insurance sector 13th Week Statistical distributions useful in general insurance sector 14th Week Evaluation
RECOMENDED OR REQUIRED READING	1.Sheldon Ross, A First Course in Probability, Fifth Edition, PrenticeHall International Ins., Cambridge Unversity, 1983, London. 2.Akdeniz Fahri, Olasılık ve İstatistik, Baki Kitabevi, 2000, Adana. 3.Kara İmdat, Olasılık, Bilim Teknik Yayınevi, 2000, İstanbul.
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Lecture,Questions/Answers
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Mid-term 1 30 Assignment 1 20 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 1 1 Preparation for Quiz Individual or group work 14 3 42 Preparation for Final exam 1 35 35 Course hours 13 3 39 Preparation for Midterm exam 1 20 20 Laboratory (including preparation) Final exam 1 1 1 Homework 1 10 10 Total Workload 148 Total Workload / 30 4,93 ECTS Credits of the Course 5
LANGUAGE OF INSTRUCTION	Turkish
WORK PLACEMENT(S)	No