To make fully equiped student with minimum necessary knowladge to handle financial calculation in the real world.
Introduction
Math necessary for Actuarial Math.
Interest, definition.
Simple interest
Compound interest.
Discounting
Anuite calculations.
To make investments decisions.
Prerequisite(s)
Basic Math
Corequisite(s)
None
Special Requisite(s)
College Level Math, regular attendance, follow up case studies relevant to banking.
Instructor(s)
Lecturer Ceren ERDURAK
Course Assistant(s)
None
Schedule
Friday, 09:00-10:50, İK 2A08
Office Hour(s)
Wednesday, 13:00-14:00, 2A05
Teaching Methods and Techniques
Lecture, discussion and problem solving
Principle Sources
-Business Math, Mary Jane Sterling
Contemporary Math, Robert Brechner
Bank and Finance Math, Beşir Topaloğlu
Other Sources
-Finans Mathematics, Zehra Başkaya
Course Schedules
Week
Contents
Learning Methods
1. Week
Introduction
Oral presentation
2. Week
Fundemantals of Math.
Oral presentation
3. Week
Fractions, Decimals, Percents
Oral presentation
4. Week
Determining Percent Increase and decrease.
Oral presentation
5. Week
Simple Interest
Oral presentation
6. Week
Banking Applications, case studies
Oral presentation
7. Week
Compound Interest
Oral presentation
8. Week
Banking applications, case studies
Oral presentation
9. Week
Discounting
Oral presentation
10. Week
midterm exam
Oral presentation
11. Week
Investment decisions
Oral presentation
12. Week
Applications, case studies
Oral presentation
13. Week
Leasing & Factoring
Oral presentation
14. Week
Financial Math. applications and case studies in banking,Anuites,Anuites applications in financial sector.
Oral presentation
15. Week
Final Exam
Final Exam
16. Week
Final Exam
Final Exam
17. Week
Final Exam
Final Exam
Assessments
Evaluation tools
Quantity
Weight(%)
Midterm(s)
1
40
Final Exam
1
60
Program Outcomes
PO-1
Knows the issues in banking, insurance and capital markets and recognizes the institutions that lead the sector.
PO-2
Learns information and communication technologies related to his/her profession at a basic level, uses financial technologies (Fin-Tech) effectively, performs basic level activities in banking and insurance, communicates effectively and uses digital tools.
PO-3
Performs duties and responsibilities related to their field of expertise and takes responsibility as a team member to solve potential problems.
PO-4
Can follow the accounting transactions of banks and insurance companies and analyze and organize their financial statements.
PO-5
Interprets basic data related to banking and insurance, recognizes risks, identifies problems and develops solution suggestions; also follows current developments and practices of the sector and uses them effectively.
PO-6
Has basic foreign language skills and uses his/her foreign language skills to follow developments in his/her field and communicate with colleagues.
PO-7
Have knowledge about occupational health and safety, environmental awareness and quality processes.
PO-8
Have an awareness of career management and lifelong learning.
PO-9
Have professional social, cultural, scientific and ethical values in the stages of collecting data related to their field, applying it and sharing the results.
PO-10
Can present thoughts effectively and clearly through written and verbal communication.
PO-11
Have the ability to evaluate professional problems and issues with an analytical and critical approach and to propose solutions by using the basic level of knowledge and skills acquired in their field.
PO-12
Knows basic credit transactions and fund and risk management concepts; explains and organizes goods, services, life and non-life insurance policies.
Learning Outcomes
LO-1
To develop the ability of financial calculations in business and banking sector.
LO-2
To have the knowledge necessary for making investment decisions between different options.
LO-3
Learn how to calculate personal loans, interest of deposit accounts.
LO-4
Learn how to decide which loan suitable for the company and calculate the costs of credits.
LO-5
To learn to analyze the profitabiliy of personal and corporate investments.
