Information
Code | ISB331 |
Name | Actuerial Models |
Term | 2024-2025 Academic Year |
Semester | 5. Semester |
Duration (T+A) | 3-0 (T-A) (17 Week) |
ECTS | 5 ECTS |
National Credit | 3 National Credit |
Teaching Language | Türkçe |
Level | Lisans Dersi |
Type | Normal |
Mode of study | Yüz Yüze Öğretim |
Catalog Information Coordinator | Prof. Dr. DENİZ ÜNAL ÖZPALAMUTCU |
Course Instructor |
Prof. Dr. ALİ İHSAN GENÇ
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
The aim is to teach the basics of the actuarial science.
Course Content
The scope is the basics of actuarial science.
Course Precondition
None
Resources
Actuarial Mathematics-N.L. Bowers, H.U. Gerber, J.C. Hickman, D.A. Jones, C.J. Nesbitt
Notes
Actuarial Mathematics-N.L. Bowers, H.U. Gerber, J.C. Hickman, D.A. Jones, C.J. Nesbitt
Course Learning Outcomes
Order | Course Learning Outcomes |
---|---|
LO01 | Explains the utility theory. |
LO02 | Explains the relation between utility and insurance. |
LO03 | Constructs an individual risk model for a short term. |
LO04 | Finds the distribution of the sum of some independent random variables. |
LO05 | Uses the central limit theorem. |
LO06 | Does calculations with survival functions. |
LO07 | Explains a life table. |
LO08 | Explains the importance of the actuarial science in real life. |
Relation with Program Learning Outcome
Order | Type | Program Learning Outcomes | Level |
---|---|---|---|
PLO01 | Bilgi - Kuramsal, Olgusal | Explain the essence fundamentals and concepts in the field of Statistics | |
PLO02 | Bilgi - Kuramsal, Olgusal | Emphasize the importance of Statistics in life | 4 |
PLO03 | Bilgi - Kuramsal, Olgusal | Define basic principles and concepts in the field of Law and Economics | |
PLO04 | Bilgi - Kuramsal, Olgusal | Produce numeric and statistical solutions in order to overcome the problems | |
PLO05 | Bilgi - Kuramsal, Olgusal | Use proper methods and techniques to gather and/or to arrange the data | |
PLO06 | Bilgi - Kuramsal, Olgusal | Utilize computer programs and builds models, solves problems, does analyses and comments about problems concerning randomization | |
PLO07 | Bilgi - Kuramsal, Olgusal | Apply the statistical analyze methods | |
PLO08 | Bilgi - Kuramsal, Olgusal | Make statistical inference (estimation, hypothesis tests etc.) | |
PLO09 | Bilgi - Kuramsal, Olgusal | Generate solutions for the problems in other disciplines by using statistical techniques and gain insight | |
PLO10 | Bilgi - Kuramsal, Olgusal | Discover the visual, database and web programming techniques and posses the ability of writing programs | |
PLO11 | Beceriler - Bilişsel, Uygulamalı | Distinguish the difference between the statistical methods | |
PLO12 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Make oral and visual presentation for the results of statistical methods | 3 |
PLO13 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Have capability on effective and productive work in a group and individually | 3 |
PLO14 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Professional development in accordance with their interests and abilities, as well as the scientific, cultural, artistic and social fields, constantly improve themselves by identifying training needs | 4 |
PLO15 | Yetkinlikler - Öğrenme Yetkinliği | Develop scientific and ethical values in the fields of statistics-and scientific data collection |
Week Plan
Week | Topic | Preparation | Methods |
---|---|---|---|
1 | Introduction to actuarial science | literature review | Öğretim Yöntemleri: Anlatım |
2 | Utility function | literature review | Öğretim Yöntemleri: Anlatım |
3 | Maximizing expected utility | literature review | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
4 | Optimal insurance | literature review | Öğretim Yöntemleri: Anlatım |
5 | Individual risk model | literature review | Öğretim Yöntemleri: Anlatım |
6 | Distribution of sums of random variables | literature review | Öğretim Yöntemleri: Anlatım |
7 | Approximate distribution of sums of random variables | literature review | Öğretim Yöntemleri: Anlatım, Tartışma, Problem Çözme |
8 | Mid-Term Exam | literature review | Ölçme Yöntemleri: Yazılı Sınav |
9 | Stop-loss insurance and normal distribution | literature review | Öğretim Yöntemleri: Anlatım |
10 | Survival distributions | literature review | Öğretim Yöntemleri: Anlatım, Alıştırma ve Uygulama |
11 | Force of mortality | literature review | Öğretim Yöntemleri: Anlatım, Gösterip Yaptırma |
12 | Life table and technical notations | literature review | Öğretim Yöntemleri: Anlatım |
13 | A life table example | literature review | Öğretim Yöntemleri: Anlatım, Bireysel Çalışma |
14 | A deterministic approach for life table calculations | literature review | Öğretim Yöntemleri: Anlatım |
15 | Life table calculations via interpolation | literature review | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
16 | Term Exams | literature review | Ölçme Yöntemleri: Yazılı Sınav |
17 | Term Exams | literature review | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
Works | Number | Time (Hour) | Workload (Hour) |
---|---|---|---|
Course Related Works | |||
Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
Out of Class Study (Preliminary Work, Practice) | 14 | 3 | 42 |
Assesment Related Works | |||
Homeworks, Projects, Others | 0 | 0 | 0 |
Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
Final Exam | 1 | 18 | 18 |
Total Workload (Hour) | 114 | ||
Total Workload / 25 (h) | 4,56 | ||
ECTS | 5 ECTS |