COURSE UNIT TITLE

: LIFE CONTINGENCIES-II

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
STA 6046 LIFE CONTINGENCIES-II 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 (English)
STATISTICS (ENGLISH)
Statistics (English)

Course Objective

The course is a study of prospective and retrospective reserve calculation, multiple life random variables, multiple decrements, insurance models including expenses, multi-state transition models, pension valuation.

Learning Outcomes of the Course Unit

1   At the end of this course students will be able to obtain information about joint life status
2   At the end of this course students will be able to learn multiple decrements
3   At the end of this course students will be able to calculate prospective and retrospective reserves
4   At the end of this course students will be able to learn insurance models including expenses
5   At the end of this course students will be able to learn pension valuation

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Benefit Reserves
2 Introduction
3 Prospective and Retrospective Reserves
4 Reserves in the Continuous Case
5 Fully Discrete Level Benefit Reserves
6 Multiple Life Random Variables
7 The Joint Life Status Survival Model
8 Midterm exam
9 The Last Survivor Status
10 Multiple Decrements
11 Insurance Models Including Expenses
12 Multi-State Transition Models
13 Pension Valuation, homework
14 Review

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

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

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 ASG ASSIGNMENT
3 FIN FINAL EXAM
4 FCG FINAL COURSE GRADE MTE * 0.30 +ASG * 0.20 +FIN * 0.50
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + ASG * 0.20 + RST * 0.50


*** 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 Fen Fakültesi Istatistik Bölümü
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/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10
LO.1535555
LO.2535555
LO.3535555
LO.4535555
LO.5535555