| Week |
Subject |
Related Preparation |
| 1) |
Measurment of Interest, accumulation and amount functions, effective rate of interest, simple and compound interest, present value, effective rate of discount, nominal rates of interest and discount. |
|
| 2) |
Measurment of interest continued; forces of ineterest and discount, solution of problems in interest, equations of value, unknown time, unknown interest. |
|
| 3) |
Elementary annuities:annuity immediate, annuity due, annuity values on any date, perpetuities, unknown time, varying interest. |
|
| 4) |
General annuities : Annuities payable less frequently than interest is convertible, continuous annuities, unknown time and unknown rate of interest. |
|
| 5) |
General Annuities continued: Elementary varying annuities, more general varying annuities, continuous varying annuities. |
|
| 6) |
Yield rates: Discounted cash flow, single investment rate,
Reinvestmnt rate, investment yields,
|
|
| 7) |
Yield rates continued: time weighted yields of interest, portfolio methods and investment year method. |
|
| 8) |
Tekrar ve problem çözümleri. |
|
| 9) |
Amortization schedules and sinking funds: Finding outstanding fund, amortization schedules, sinking funds.. |
|
| 10) |
Discounted cash flow analysis cont’d: effect of inflation, yield of a fund, measuring investmnt performance. |
|
| 11) |
Capital Redemption Policies: Premium Calculation, policy value, p-term payment policies. |
|
| 12) |
Capital redemption policies continued: surrender values, paid up policy values and policy alterations,changes in interest rate, reinvestment rate. |
|
| 13) |
Discounted cash flow analysis: Net cash flow, net present value and profit, comparison of two investment projects, differing interest in lending and borrowing |
|
| 14) |
General review. |
|
| Course Notes / Textbooks: |
The Theory of Interest, Kellison S.G., Irwin Inc., U.S.A., 1991.
An Introduction to Mathematics of Finance, Cutcheon, J.J. and Scott, W.F., , Butterworth-Heinemann, Oxford, 1996. |
| References: |
SOA sınav soruları/SOA exam questions.
http://www.soa.org/education/exam-req/syllabus-study-materials/edu-multiple-choice-exam.aspx |
| |
Program Outcomes |
Level of Contribution |
| 1) |
Acquire the quantitative skills to become an actuary. |
5 |
| 2) |
Will know about risks and ways to manage risk. |
4 |
| 3) |
Will know about financial planning and its role in actuarial management. |
4 |
| 4) |
Will be able to design new products and carry profitability tests and scenario analyses. |
2 |
| 5) |
Besides gaining competence in theoretical subjects, the graduate will also be aware of practical issues and applications through lecturers and instructors who have market experience. |
2 |
| 6) |
Will be able to follow all innovations and carry on research on the particular area. |
2 |
| 7) |
Will share information with colleagues and will use it for project development.. |
|
| 8) |
Will be able to apply and make the necessary adaptation to all new rules and regulations. |
|
BAHÇEŞEHİR UNIVERSITY BİLGİ PAKETİ / DERS KATALOĞU
