TYPE OF COURSE UNIT	Elective Course
LEVEL OF COURSE UNIT	Master's Degree Without Thesis
YEAR OF STUDY	-
SEMESTER	-
NUMBER OF ECTS CREDITS ALLOCATED	10
NAME OF LECTURER(S)	Professor Serpil Cula
LEARNING OUTCOMES OF THE COURSE UNIT	At the end of this course, the students; 1) Make comparison between companies 2) Evaluate the risks for the future 3) Improve the ability to calculate premium paid 4) Evaluate the possibility of life and death 5) Analyze to calculate premiums
MODE OF DELIVERY	E-Learning
PRE-REQUISITES OF THE COURSE	No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT	None
COURSE DEFINITION	This course focuses on the calculations, which are being implemented in the insurance company premiums, compensation calculations, rant, math calculations to find money.
COURSE CONTENTS	WEEK TOPICS 1st Week Introduction, theory of interest 2nd Week Present value and discount 3rd Week Accumulated value calculations 4th Week Annuities and varieties 5th Week Present value and accumulated value calculations in annuities 6th Week Amortization schedules and sinking fund 7th Week Bonds and securities 8th Week Midterm 9th Week Capital budgeting techniques 10th Week Life tables 11th Week Life insurances 12th Week Premium calculations in life insurances 13th Week The concept of reserve 14th Week Actuarial reserve models
RECOMENDED OR REQUIRED READING	Bowers N.L., H.U.Gerber, J.C. Hickman, D.A. Jones, and C.J.Nesbitt, 1986, Actuarial Mathematics. A.K. Gupta, T. Varga, An Introduction to Actuarial Mathemetics S.D. Promislow,Fundamental's of Actuarial Mathemetics S. Kellison, The Theory of Interest
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Lecture,Discussion,Questions/Answers
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Assignment 1 20 Total(%) 20 Contribution of In-term Studies to Overall Grade(%) 20 Contribution of Final Examination to Overall Grade(%) 80 Total(%) 100
ECTS WORKLOAD	Activities Number Hours Workload Midterm exam Preparation for Quiz Individual or group work 14 11 154 Preparation for Final exam 1 70 70 Course hours 14 3 42 Preparation for Midterm exam Laboratory (including preparation) Final exam 1 2 2 Homework 1 30 30 Total Workload 298 Total Workload / 30 9,93 ECTS Credits of the Course 10
LANGUAGE OF INSTRUCTION	Turkish
WORK PLACEMENT(S)	No