| TYPE OF COURSE UNIT | Compulsory Course |
| LEVEL OF COURSE UNIT | Bachelor's Degree |
| YEAR OF STUDY | 4 |
| SEMESTER | Seventh 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) Understand the concept of risk and the importance of risk management.
2) Learn risk control and financing techniques in the risk management process.
3) Gain the ability to make simple damage estimates.
4) Learn to prioritize risks.
5) Gain skills in Financial Analysis Applications of Time Value of Money in Insurance.
6) Learn the concept of Value at Risk and gains skills in calculation methods.
|
| MODE OF DELIVERY | Face to face |
| PRE-REQUISITES OF THE COURSE | No |
| RECOMMENDED OPTIONAL PROGRAMME COMPONENT | None
|
| COURSE DEFINITION | In this course, qualitative and quantitative approaches to identifying, measuring, managing and controlling the risks that companies may be exposed to are discussed. |
| COURSE CONTENTS | | WEEK | TOPICS |
|---|
| 1st Week | Definition and Classification of Risk | | 2nd Week | Introduction to Risk Management | | 3rd Week | Risk Control and Financing Techniques | | 4th Week | Loss Estimation (Simple Loss Probability Estimate) | | 5th Week | Loss Estimation (with Linear Regression) | | 6th Week | Loss Estimation (with Normal Distribution) | | 7th Week | Prioritization of Risks | | 8th Week | Midterm | | 9th Week | Financial Analysis Applications of Time Value of Money in Insurance (Reserve Funding, Analyzing Insurance Coverage Offers) | | 10th Week | Time Value of Money in Insurance Risk Control Investment Decisions in Financial Analysis Applications (Net Present Value, Introduction to Internal Rate of Return) | | 11th Week | Value at Risk | | 12th Week | Some Value at Risk Applications (Variance Covariance and Historical Simulation Method) | | 13th Week | Excel Application of Value at Risk | | 14th Week | Review |
|
| RECOMENDED OR REQUIRED READING | Rejda G.E. Principles of Risk Management & Insurance. Nineth Edition, Addison Wesley, New York. 2001
Kırbeşoğlu, E."Risk Yönetimi ve Sigortacılık". Ankara: Gazi Kitabevi (2015)
Bölükbaşı, A.G. Risk Management in Insurance. Istanbul: Türkmen Kitabevi (2001)
|
| PLANNED LEARNING ACTIVITIES AND TEACHING METHODS | Lecture,Questions/Answers,Presentation |
| 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 | 40 | 40 | | Course hours | 13 | 3 | 39 | | Preparation for Midterm exam | 1 | 20 | 20 | | Laboratory (including preparation) | | | | | Final exam | 1 | 1 | 1 | | Homework | 1 | 5 | 5 | | Total Workload | | | 148 |
|---|
| Total Workload / 30 | | | 4,93 |
|---|
| ECTS Credits of the Course | | | 5 |
|---|
|
| LANGUAGE OF INSTRUCTION | Turkish |
| WORK PLACEMENT(S) | No |
| | |
