GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION

ACTUARIAL CALCULATIONS/7920001

Course Title:	ACTUARIAL CALCULATIONS
Credits	3	ECTS	7.5
Semester	2	Compulsory/Elective	Elective

COURSE INFO

-- LANGUAGE OF INSTRUCTION

Turkish

-- NAME OF LECTURER(S)

-- WEB SITE(S) OF LECTURER(S)

-- EMAIL(S) OF LECTURER(S)

-- LEARNING OUTCOMES OF THE COURSE UNIT

Application mathematics of finance to health insurance calculations
To analyze life models and tables
To be able to explain theoric foundations of health insurance mathematics
To be able to apply probability and statistical techniques to insurance transactions
To be able to calculate life-contingent risks

-- MODE OF DELIVERY

The mode of delivery of this course is Face to face

-- PREREQUISITES AND CO-REQUISITES

There is no prerequisite or co-requisite for this course.

-- RECOMMENDED OPTIONAL PROGRAMME COMPONENTS

There is no recommended optional programme component for this course.

--COURSE CONTENT
1. Week	Introduction to life insurance
2. Week	Survival models
3. Week	Survival models
4. Week	Life tables and selection
5. Week	Life tables and selection
6. Week	Insurance benefits
7. Week	Insurance benefits
8. Week	Annuities
9. Week	Annuities
10. Week	Premium calculation
11. Week	Premium calculation
12. Week	Policy values
13. Week	Policy values
14. Week	Multiple state models
15. Week	Multiple state models
16. Week	Midterm exam

-- RECOMMENDED OR REQUIRED READING

ACTUARIAL MATHEMATICS FOR LIFE CONTINGENT RISKS DAVID C. M. DICKSON University of Melbourne MARY R. HARDY University of Waterloo, OntarioHOWARD R. WATERS Heriot-Watt University, Edinburgh Cambridge University Press

-- PLANNED LEARNING ACTIVITIES AND TEACHING METHODS

Lecture, Question & Answer, Demonstration, Drill - Practise

-- WORK PLACEMENT(S)

There is no real life – practices and applications.

-- ASSESSMENT METHODS AND CRITERIA

	Quantity	Percentage
Mid-terms	1	40
Assignment	0	0
Exercises	0	0
Projects	0	0
Practice	0	0
Quiz	0	0
Contribution of In-term Studies to Overall Grade		40
Contribution of Final Examination to Overall Grade		60

-- WORKLOAD

Efficiency	Total Week Count	Weekly Duration (in hour)	Total Workload in Semester
Theoretical Study Hours of Course Per Week	14	3	42
Practising Hours of Course Per Week	7	3	21
Reading	7	5	35
Searching in Internet and Library	6	4	24
Designing and Applying Materials	2	3	6
Preparing Reports	3	4	12
Preparing Presentation	2	4	8
Presentation	1	4	4
Mid-Term and Studying for Mid-Term	1	5	5
Final and Studying for Final	1	5	5
Other	3	5	15
TOTAL WORKLOAD:			177
TOTAL WORKLOAD / 25:			7.08
ECTS:			7.5

-- COURSE'S CONTRIBUTION TO PROGRAM

NO	PROGRAM LEARNING OUTCOMES	1	2	3	4	5
1	Acquisition of essential knowledge in insurance sector at a high level				X
2	Ability to apply theoritical knowledge in insurance in modern daily life				X
3	Ability to follow national and international advances in insurance and financial sectors			X
4	Ability to realize the interaction between insurance and other disciplines along with an ability to utilize those disciplines				X
5	Ability to foresee risks in insurance sector, measuring them and lowering their effects			X
6	Ability to point out problems in Turkish social security system and to analyze the current situtation	X
7	To have knowledge on insurance legistlation and to gain the ability to interpret it		X
8	To point out possible solutions to improve insurance sector			X
9	To find and develop financial instruments which would answer social needs		X
10	Ability to provide original and supportive ideas about insurance		X
11	To be responsible both in ethics and in a professional way			X
12	Ability to transfer the knowledge in sectors related to insurance using every possible communcational medium			X
13	Ability to research independently in insurance topics				X
14	Ability to work as a team when required in insurance sector				X

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GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR