BANKING AND INSURANCE MANAGEMENT (TURKISH)
Associate	TR-NQF-HE: Level 5	QF-EHEA: Short Cycle	EQF-LLL: Level 5

Course Introduction and Application Information

Course Code	Course Name	Semester	Theoretical	Practical	Credit	ECTS
MAT1073	Financial Mathematics	Fall	3	0	3	4

Basic information

Language of instruction:	Turkish
Type of course:	Must Course
Course Level:	Associate (Short Cycle)
Mode of Delivery:	Face to face
Course Coordinator :	Instructor TUĞBA KIRAL ÖZKAN
Course Lecturer(s):	Instructor TUĞBA KIRAL ÖZKAN Instructor MUSTAFA ÇİÇEK
Recommended Optional Program Components:	There are no program components.
Course Objectives:	To give the mathematical knowledge related to infrastructure in creating an effective financial policy in the enterprises and obtaining appropriate investment and financing decisions.

Learning Outcomes

The students who have succeeded in this course;
1. To be able to make the cost calculations of borrowing transactions effectively.
2. Understand the alternative ways of payment and their costs related to the lending and borrowing transactions in the enterprises.
3. Understand the types of stocks and bonds and the valuation methods and to be able to use them in investment decisions.
4. To be able to determine the value of investments during the issue of fixed asset investment decisions and choose from the alternatives.
5. To be able to make mathematical analysis related to personal financial decision making.

Course Content

Numbers, proportion, time value of money, definition and types of interest, simple interest: internal and external interest, simple discount: Internal and external discount calculation and equivalent bonds, compound interest: nominal and effective interest rates, compound discount: discount calculation and equivalent bonds, practice related to money and capital markets instruments, annuity, debt payments, bond valuation, stock valuation

Weekly Detailed Course Contents

Week	Subject	Related Preparation
1)	Numbers
2)	Proportion
3)	Time Value of Money, Definition and Types of Interest
4)	Simple Interest: Internal and External Interest
5)	Simple Discount: Internal and External Discount Calculation and Equivalent Bonds
6)	Compound Interest: Nominal and Effective Interest Rates
7)	Compound Discount: Discount Calculation and Equivalent Bonds
8)	Practice Related to Money and Capital Markets Intruments
9)	Payments (Annuity) and Types of Payments: Equally Consistent, Changing Consistent and Deferred Payments
10)	Payments (Annuity) and Types of Payments: Expedite, Constinuous, Constinuous and Deferred, Constinuous and Expedite Payments.
11)	Debt Payments
12)	Bond Valuation
13)	Stock Valuation
14)	Case Study

Sources

Course Notes / Textbooks:	Finans Matematiği Çalışma Kitabı (HP Hesap Makinesi Uygulamalı, Sadi Uzunoğlu, 2009, Literatür Yayınevi Finans Matematiği, Zehra Başkaya, Değer Alper, Ekim 2007, 1. Baskı, Ekin Kitabevi
References:	http://library.bahcesehir.edu.tr/

Evaluation System

Semester Requirements	Number of Activities	Level of Contribution
Attendance	14	% 10
Homework Assignments	10	% 10
Midterms	1	% 30
Final	1	% 50
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 50
PERCENTAGE OF FINAL WORK		% 50
Total		% 100

ECTS / Workload Table

Activities	Number of Activities	Duration (Hours)	Workload
Course Hours	14	3	42
Study Hours Out of Class	14	3	42
Homework Assignments	2	4	8
Quizzes	2	3	6
Midterms	1	1	1
Final	1	1	1
Total Workload			100

Contribution of Learning Outcomes to Programme Outcomes

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	To have the ability to understand the basic concepts of Banking and Insurance and to be able to use them effectively in business.
2)	To have the ability to work individually or in a team when needed on matters related to his/her profession and to follow and apply the developments in his/her sector.
3)	To be equipped with the necessary knowledge to carry out the legal responsibilities and to follow the related regulations in their sector.
4)	To understand the importance of banking and insurance from the point of the state’s economy and enterprises and to express this importance properly.
5)	To be able to use the computer as well as the profession requires and to be able to do work, accumulate knowledge and to use this knowledge relevantly and effectively.
6)	To make them gain the ability to find practical solutions for the problems of daily commercial activities and to take correct decisions.
7)	To be able to take responsibilities in banking and insurance sector and more generally in the finance sector and to be qualified to start his/her own business after the legal requirements have been met.	3
8)	To have the competency to carry out the accountancy related to banking and insurance.
9)	To have the competency to build effective customer relations and to have effective communication and persuasion skills.
10)	To be able to determine the accumulated knowledge druring the education in line with the cause and effect relations and to be able to have the necessary professional qualifications to know where, when and how to use his/her knowledge.	2