Dokuz Eylül University Information Package / Courses Catalog

Description of Individual Course Units

Course Unit Code	Course Unit Title	Type Of Course	D	U	L	ECTS
STA 6045	LIFE CONTINGENCIES-I	ELECTIVE	3	0	0	8

Offered By

Graduate School of Natural and Applied Sciences

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

PROFESSOR DOCTOR GÜÇKAN YAPAR

Offered to

Statistics
Statistics
STATISTICS

Course Objective

The course is a study of single life functions including the measurement of mortality; life annuities; life insurance; net annual premiums; and net level premiums.

Learning Outcomes of the Course Unit

1	At the end of this course students will be able to obtain information about financial mathematics
2	At the end of this course students will be able to use mortality table and to calculate life expectancy
3	At the end of this course students will be able to learn types of life insurance
4	At the end of this course students will be able to calculate annual premium for life insurance
5	At the end of this course students will be able to learn types of life annuities
6	At the end of this course students will be able to calculate annual Premium for life annuities

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week	Subject	Description
1	Review of Preliminary Topics
2	Survival Model, Age at Failure Random Variable
3	Important survival models
4	Random Variable for Time Until Death for a Life Age x, The Central Rate of Failure
5	Life Table, More Functions in Life Table Form
6	Curtate Future Lifetime, Select Mortality
7	Variable Benefit Insurance
8	Midterm exam
9	Whole Life Insurance, Term Insurance, Endowment Insurance
10	Deferred Insurance, Variable Benefit Insurance
11	Continuous Life Annuities, Continuous Temporary Life Annuities, Deferred Life Annuities
12	Discrete Life Annuities, Life Annuities with Monthly Payments
13	Fully Continuous and Discrete Benefit and Premium, homework
14	Semi Continuous and Monthly Benefit Premiums

Recomended or Required Reading

Textbook(s):
Bowers et al, Actuarial Mathematics,2nd Edition, Society of Actuaries, 1997
Supplementary Book(s):
C. Ruckman and J. Francis, Life Insurance, 2th Edition, BPP.

Planned Learning Activities and Teaching Methods

he course consists of lecture, class discussion and problem solving.

Assessment Methods

SORTING NUMBER	SHORT CODE	LONG CODE	FORMULA
1	PRJ	PROJECT
2	MTE	MIDTERM EXAM
3	FIN	FINAL EXAM
4	FCG	FINAL COURSE GRADE	PRJ * 0.30 + MTE * 0.30 + FIN * 0.40
5	RST	RESIT
6	FCGR	FINAL COURSE GRADE (RESIT)	PRJ * 0.30 + MTE * 0.30 + RST * 0.40

*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

Exams, homework.

Language of Instruction

English

Course Policies and Rules

Student responsibilities: Attendance to at least 70% for the lectures is an essential requirement of this course and is the responsibility of the student. It is necessary that attendance to the lecture and homework delivery must be on time. Any unethical behavior that occurs either in presentations or in exams will be dealt with as outlined in school policy. You can find the undergraduate policy at http://web.deu.edu.tr/fen.

Contact Details for the Lecturer(s)

DEU Faculty of Science, Department of Statistics
e-mail: guckan.yapar@deu.edu.tr
Tel: 0232 301 85 59

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities	Number	Time (hours)	Total Work Load (hours)
Lectures	14	3	42
Preparations before/after weekly lectures	14	3	42
Preparation for midterm exam	1	28	28
Preparation for final exam	1	34	34
Preparing assignments	1	40	40
Midterm	1	2	2
Final	1	2	2
TOTAL WORKLOAD (hours)			190

Contribution of Learning Outcomes to Programme Outcomes

PO/LO	PO.6	PO.7	PO.8	PO.9	PO.10
LO.1	3	5	5	5	4
LO.2	3	5	5	5	4
LO.3	3	5	5	5	4
LO.4	3	5	5	5	4
LO.5	3	5	5	5	4
LO.6	3	5	5	5	4

COURSE UNIT TITLE

DEGREE PROGRAMMES

Description of Individual Course Units

Offered By

Level of Course Unit

Course Coordinator

Offered to

Course Objective

Learning Outcomes of the Course Unit

Mode of Delivery

Prerequisites and Co-requisites

Recomended Optional Programme Components

Course Contents

Recomended or Required Reading

Planned Learning Activities and Teaching Methods

Assessment Methods

Further Notes About Assessment Methods

Assessment Criteria

Language of Instruction

Course Policies and Rules

Contact Details for the Lecturer(s)

Office Hours

Work Placement(s)

Workload Calculation

Contribution of Learning Outcomes to Programme Outcomes

CONTACT INFORMATION