Information Package / Course Catalogue
Finance Mathematics With Applications
Course Code: EF352
Course Type: Area Elective
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

The course provides students with an advanced academic education in Mathematical Actuarial Science.

Course Content

Solve practical problems associated with the Insurance industry being aware of relevant computer software to assist in the solution of practical problems.

Name of Lecturer(s)
Learning Outcomes
1.Interpreting advanced theoretical and applied knowledge in Mathematics and Computer Science
2.Critiquing and evaluating data by implementing the acquired knowledge and skills in Mathematics and Computer Science
3.Recognizing, describing, and analyzing problems in Mathematics and Computer Science; producing solution proposals based on research and evidence
4.To be able to interpret and analyse economic optimisation processes
5.To be able to make mathematical explanations of economic variable
Recommended or Required Reading
1.DICKSON, D., HARDY, M., WATERS, H., Actuarial Mathematics for Life Contingent Risks, Cambridge University Press, 2009
2.PROMISLOW, D. Fundamentals of Actuarial Mathematics, John Wiley&Sons, 2011
Weekly Detailed Course Contents
Week 1 - Theoretical
Survival models
Week 2 - Theoretical
Some actuarial concepts in survival analysis
Week 3 - Theoretical
Force of Mortality
Week 4 - Theoretical
Common Analytical Survival Models
Week 5 - Theoretical
Life tables
Week 6 - Theoretical
Actuarial Models
Week 7 - Theoretical
Actuarial Models
Week 8 - Theoretical
Introduction to life insurance
Week 9 - Theoretical
Payments paid at the end of the year of death
Week 10 - Theoretical
Further properties of the APV
Week 11 - Theoretical
Payments at the end of the m-thly time interval
Week 12 - Theoretical
payments paid at the end of the year
Week 13 - Theoretical
payments paid at the end of the year
Week 14 - Theoretical
Life annuities
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory143384
Individual Work101120
Midterm Examination1819
Final Examination1819
TOTAL WORKLOAD (hours)122
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
OÇ-1
5
3
3
5
3
3
3
3
4
OÇ-2
4
4
3
3
3
3
3
3
4
OÇ-3
5
3
5
3
3
3
3
3
4
OÇ-4
3
5
3
3
3
3
3
3
3
OÇ-5
3
3
3
3
5
3
3
5
3
Adnan Menderes University - Information Package / Course Catalogue
2026