Subject: Actuerial Mathematics
(12 -
IM1706) Basic Information
Native organizations units
Course specification
Course is active from 01.10.2013.. Enabling students to develop abstract thinking and acquire basic knowledge in the field of financial and actuarial mathematics. The acquired knowledge is used in further education and in engineering subjects and the students are able to practically apply the knowledge of financial and actuarial mathematics without memorization and use of formulas which frequently appear in different course books. Lectures Theoretical part). Percentage calculus and simple interest calculus. Probability of life and death of a person. Term insurance. The insurance of capital, annual insurance premium. Practice classes (practices) are devoted to doing suitable examples which provide additional practice for the material covered at lectures and thus contribute to better understanding of the material. Lectures; Numerical calculation practice. Consultations. Lectures are dynamic and interactive. In lectures, theoretical part of the course is taught followed by characteristic and typical examples for better understanding. In practices, which accompany lectures, typical problems are solved and knowledge from the lectures is deepened. Besides lectures and practice, consultations and group tutorials are held on a regular basis. Part of the course, presenting a logical whole, can be taken as partial examination during the course in the form of the following 2 modules (the first module: Financial mathematics , the second module: Actuarial mathematics.).
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