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Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS MAT 4054 FINANCIAL MATHEMATICS ELECTIVE 4 0 0 7

Offered By

Mathematics (English)

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSOCIATE PROFESSOR IDIL YAVUZ

Offered to

Mathematics (Evening) Mathematics (English)

Course Objective

The main objective of this course is to teach the fundamentals of finance with necessary mathematical operations in financial mathematics. Also another goa lwhich is willing to reach as teaching students saticfactory knowledge to choose wiselyamong alternative swhichareemerge in financial circumstances.

Learning Outcomes of the Course Unit

1   At the end of this course students will be able to calculate; Interestand discount rate in respect of simple and compound interest operations 2   At the end of this course students will be able to calculate;Unknown values by equation of value 3   At the end of this course students will be able to calculate;Presentand accumulated value functions 4   At the end of this course students will be able to calculate;Non-annualinterestand discount operation problems 5   At the end of this course students will be able to calculate;Functions of annuity 6   At the end of this course students will be able to calculate;Financial calculations related to yield rate 7   At the end of this course students will be able to calculate;Problems related to amortization schedules and sinking fund

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description 1 Time Value of Money, Simple and Compound Interest Concept. 2 TheConcept of PresentandAccumulated Value. 3 Efektif and Nominal InterestRates, Efektif and Nominal DiscountRates. The Force of Interest 4 Equation of valueandtofindunknomwn time andunknowninterest rate. 5 TheConcept of Annuity. AnnuityDueandAnnuityImmediate. 6 DefferredAnnuityandPerpetuities. 7 Tofindunknown time andunknowninterest rate forannuityproblems. 8 Midterm 9 Varying Annuities and Applications, Continuous Annuities and Applications. 10 Non-annualAnnuitiesand problem solving. 11 Discounted Cash Flow Analysis 12 Nominal vs. Real Interest Rate. 13 InvestmentFund. 14 Loans: theamortizationMethod.Loans: thesinkingFundMethods.

Recomended or Required Reading

Suggested References fort he Course: S. G. KELLISON, The Theory of Interest, 2nd Edition, McGraw Hill, 1991. Supplementary Books: C. Ruckman and J. Francis, Financial Mathematics, 2th Edition, BPP.

Planned Learning Activities and Teaching Methods

Lectures and recitations

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA 1 VZ Vize 2 FN Final 3 BNS BNS VZ * 0.40 + FN * 0.60 4 BUT Bütünleme Notu 5 BBN Bütünleme Sonu Başarı Notu VZ * 0.40 + BUT * 0.60

Further Notes About Assessment Methods

None

Assessment Criteria

Exams

Language of Instruction

English

Course Policies and Rules

Attending the 70% of the classes are mandatory.

Contact Details for the Lecturer(s)

e-mail: idil.yavuz@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours) Lectures 13 4 52 Preparations before/after weekly lectures 12 4 48 Preparation for midterm exam 1 27 27 Preparation for final exam 1 37 37 Final 1 2 2 Midterm 1 2 2 TOTAL WORKLOAD (hours) 168

Contribution of Learning Outcomes to Programme Outcomes

PO/LO PO.1 PO.2 PO.3 PO.4 PO.5 PO.6 PO.7 PO.8 PO.9 PO.10 PO.11 PO.12 PO.13 LO.1 5 4 5 LO.2 5 4 5 LO.3 5 4 5 LO.4 5 4 5 LO.5 5 4 5 LO.6 5 4 5 LO.7 5 4 5