Financial Mathematics
Banking and Insurance
Vocational School of Kandıra
Short Cycle (Associate's Degree)
| Course Unit Title | Course Unit Code | Type of Course Unit | Level of Course Unit | Year of Study | Semester | ECTS Credits |
|---|---|---|---|---|---|---|
| Financial Mathematics | BSP209 | Compulsory | Associate degree | 2 | Fall | 3 |
Name of Lecturer(s)
Assistant Prof. Dr. Barış AKSU
Learning Outcomes of the Course Unit
1) Describe the products and services in the financial markets
2) Explain the price formation of financial products and services
3) Use the mathematical techniques for pricing the new financial products and services
4) Examine the prices of products and services at Banking and Insurance sector
5) Evaluate the market prices of the means of mathematical techniques learned
6) Prepare the pricing of the developing and becoming more complex financial products
Program Competencies-Learning Outcomes Relation
| Program Competencies | |||||||||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | ||
| Learning Outcomes | |||||||||||||
| 1 | High | High | High | High | High | High | High | High | High | No relation | No relation | No relation | |
| 2 | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 3 | High | High | High | High | High | High | No relation | No relation | No relation | No relation | No relation | No relation | |
| 4 | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 5 | High | High | High | High | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
| 6 | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | No relation | |
Mode of Delivery
Face to Face
Prerequisites and Co-Requisites
None
Recommended Optional Programme Components
Not Required
Course Contents
This course includes simple interest, interior and foreign interest, simple discount, common maturity, average maturity, compound interest, domestic and foreign interest, compound discount, common term, average maturity, maturity, replacement, nominal and real interest, ınstallments, payment amount, interest rate and calculation of the number of installments, calculation of changing installment annuity.
Weekly Schedule
1) The definition and properties of ratio and proportion2) Percentage calculations
3) Cost account, sales account, a profit account
4) Interest calculation, simple interest
5) Simple discounting
6) Simple discounting on multiple bonds
7) Equivalent bonds
8) Midterm examination/Assessment
9) Compound interest
10) Nominal and effective interest
11) Compound discounting
12) Equivalent bonds in the compound discount
13) Annuities
14) Present value at annuities
15) Debt payments
16) Final examination
Recommended or Required Reading
1- Ticari matematik, Nurhan Aydın ve Metin Coşkun, Detay Yayıncılık
2- Finans matematiği, Nurhan Aydın, Detay Yayıncılık
3- Ticari Matematik, Zehra Başkaya,Ekin Kitabevi
4- Cartledge, Peter C. The Handbook of Financial Mathematics. London, Euromoney Books, 2000
5- Capinski, Marek ans Zastavvniak, Tomasz. Mathematics for Finance: Introduction to Financial Engineering. London,Springer, 2003
6- Reilly, K. Frank and Brown, C. Keith. Investment Analysis and Portfolio Management, Florida, The Dryden Press, 1997
7- Ders notları
8- Course notes
9- ....
10- ....
11- /.
Planned Learning Activities and Teaching Methods
1) Lecture
2) Question-Answer
3) Discussion
4) Group Study
5) Case Study
6) Self Study
Assessment Methods and Criteria
Contribution of Midterm Examination to Course Grade |
40% |
|---|---|
Contribution of Final Examination to Course Grade |
60% |
Total |
100% |
Language of Instruction
Turkish
Work Placement(s)
Not Required