| Code |
Name of the Course Unit |
Semester |
In-Class Hours (T+P) |
Credit |
ECTS Credit |
| ILT242 |
INSURANCE AND RISK MANAGEMENT |
4 |
3 |
3 |
6 |
GENERAL INFORMATION |
| Language of Instruction : |
English |
| Level of the Course Unit : |
BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle |
| Type of the Course : |
Compulsory |
| Mode of Delivery of the Course Unit |
- |
| Coordinator of the Course Unit |
Assist.Prof. KADİR MERSİN |
| Instructor(s) of the Course Unit |
|
| Course Prerequisite |
No |
OBJECTIVES AND CONTENTS |
| Objectives of the Course Unit: |
This course aims to introduce the risks in trade and the process of risk management. |
| Contents of the Course Unit: |
Contents of the course include the subjects as in basic concepts and principles of insurance and risk management, basic risk and insurance management tools. Contents of the course include the subjects as in management and legal structure of insurance sector, concept of risk and application of risk management in insurance. |
KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to) |
| Define the capital requirement and effect of the firm. |
| Define the management structure of insurance companies. |
| Define the types of risk in insurance. |
| Define the requirements of insurance. |
WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY |
| Week |
Preparatory |
Topics(Subjects) |
Method |
| 1 |
Reading |
Basic Principles of Insurance and Risk Management 1 |
Lecture & Question and Answer |
| 2 |
Reading |
Basic Principles of Insurance and Risk Management 2 |
Lecture & Question and Answer |
| 3 |
Reading |
General Legal Principles in Insurance and Risk Management 1 |
Lecture & Question and Answer |
| 4 |
Reading |
General Legal Principles in Insurance and Risk Management 2 |
Lecture & Question and Answer |
| 5 |
Reading |
Types of Risk in Insurance: Personalty and Liability Insurance |
Lecture & Question and Answer |
| 6 |
Reading |
Types of Risk in Insurance: Personalty and Liability Insurance |
Lecture & Question and Answer |
| 7 |
Reading |
Financial Evaluation of Insurance Companies |
Lecture & Question and Answer |
| 8 |
- |
MID-TERM EXAM |
- |
| 9 |
Reading |
Risk and Investment Means of Management and The Process in Insurance 1 |
Lecture & Question and Answer |
| 10 |
Reading |
Risk and Investment Means of Management and The Process in Insurance 2 |
Lecture & Question and Answer |
| 11 |
Reading |
Risk Sources |
Lecture & Question and Answer |
| 12 |
Reading |
Riskin Classifications |
Lecture & Question and Answer |
| 13 |
Reading |
Means of Risk Management in International Trade |
Lecture & Question and Answer |
| 14 |
Reading |
Financial Derivatives and Risk, Operational Risk Management |
Lecture & Question and Answer |
| 15 |
Reading |
General Revision |
Lecture & Question and Answer |
| 16 |
- |
FINAL EXAM |
- |
| 17 |
- |
FINAL EXAM |
- |
SOURCE MATERIALS & RECOMMENDED READING |
| Dorfman, M.S., Cather, D.(2012) Introduction to Risk Management and Insurance (10th Edition) New Jersey: Prentice Hall |
| Beaver, W. H., G Parker, G. (1995) Risk Management: Problems & Solutions McGraw-Hill |
| Frenkel, M. Hommel, U.,Rudolf, M. (2004), Risk Management: Challenge and Opportunity, Springer Science & Business Media, |
ASSESSMENT |
| Assessment & Grading of In-Term Activities |
Number of Activities |
Degree of Contribution (%) |
Description |
| Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
CONTRIBUTION OF THE COURSE UNIT TO THE PROGRAMME LEARNING OUTCOMES
KNOWLEDGE |
Theoretical |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
To explain the basic concepts and theories associated with the field of Logistics Management
|
|
|
|
|
4 |
|
KNOWLEDGE |
Factual |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
To relate concepts and cases in the field of Logistics Management with other fields in Social Sciences
|
|
|
|
|
4 |
|
| 2 |
To make scientific and interdisciplinary research about the cases in the field
|
|
|
|
|
4 |
|
SKILLS |
Cognitive |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
To draw conceptual and theoretical connections between past and present trade and logistics – transportation procedures and to make forecasts for the future.
|
|
|
2 |
|
|
|
SKILLS |
Practical |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
To make literature review for analyzing cases in the field of Logistics Management and to use this information for personal studies.
|
|
|
2 |
|
|
|
| 2 |
To use the latest technology for making descriptive and exploratory research and to use this information for personal studies.
|
|
|
|
3 |
|
|
OCCUPATIONAL |
Autonomy & Responsibility |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
To conduct a field-specific study individually and to complete it with discipline and responsibility.
|
|
|
|
|
|
5 |
| 2 |
To assume duties and responsibilities in a team work as leader or team member and to fulfil them flawlessly.
|
|
|
|
|
|
5 |
OCCUPATIONAL |
Learning to Learn |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
To analyze data and findings in the field of Logistics Management with respect to cause-effect relations and critical perspective.
|
|
|
|
|
4 |
|
| 2 |
To identify gaps in the theory and practice of Logistics Management and to offer solutions for each.
|
|
|
|
|
|
5 |
| 3 |
To develop ideas as to how to use the information related to the field of Logistics Management in professional life.
|
|
|
|
|
4 |
|
OCCUPATIONAL |
Communication & Social |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
To convey information related with the field of Logistics Management by using effective presentation and communication techniques.
|
|
|
|
|
|
5 |
| 2 |
To use field-specific information for creation of various projects, activities and social responsibility programmes in the field of Logistics Management.
|
|
|
|
|
4 |
|
| 3 |
To conduct literature review, follow the recent developments and produce written and oral works in a foreign language.
|
|
|
|
3 |
|
|
OCCUPATIONAL |
Occupational and/or Vocational |
|
Programme Learning Outcomes |
Level of Contribution |
| 0 |
1 |
2 |
3 |
4 |
5 |
| 1 |
To respect social, cultural, scientific and ethical norms and values in the processing and dissemination of data.
|
|
|
|
|
|
5 |
| 2 |
To follow latest developments in the field and direct personal studies accordingly within the framework of the lifelong learning principle.
|
|
|
|
|
|
5 |
WORKLOAD & ECTS CREDITS OF THE COURSE UNIT |
Workload for Learning & Teaching Activities |
| Type of the Learning Activites |
Learning Activities (# of week) |
Duration (hours, h) |
Workload (h) |
| Lecture & In-Class Activities |
14 |
3 |
42 |
| Preliminary & Further Study |
13 |
4 |
52 |
| Land Surveying |
0 |
0 |
0 |
| Group Work |
0 |
0 |
0 |
| Laboratory |
0 |
0 |
0 |
| Reading |
0 |
0 |
0 |
| Assignment (Homework) |
0 |
0 |
0 |
| Project Work |
0 |
0 |
0 |
| Seminar |
0 |
0 |
0 |
| Internship |
0 |
0 |
0 |
| Technical Visit |
0 |
0 |
0 |
| Web Based Learning |
0 |
0 |
0 |
| Implementation/Application/Practice |
0 |
0 |
0 |
| Practice at a workplace |
0 |
0 |
0 |
| Occupational Activity |
0 |
0 |
0 |
| Social Activity |
0 |
0 |
0 |
| Thesis Work |
0 |
0 |
0 |
| Field Study |
0 |
0 |
0 |
| Report Writing |
0 |
0 |
0 |
| Final Exam |
1 |
1 |
1 |
| Preparation for the Final Exam |
7 |
4 |
28 |
| Mid-Term Exam |
1 |
1 |
1 |
| Preparation for the Mid-Term Exam |
7 |
4 |
28 |
| Short Exam |
0 |
0 |
0 |
| Preparation for the Short Exam |
0 |
0 |
0 |
| TOTAL |
43 |
0 |
152 |
|
Total Workload of the Course Unit |
152 |
|
|
Workload (h) / 25.5 |
6 |
|
|
ECTS Credits allocated for the Course Unit |
6,0 |
|