VOCATIONAL SCHOOL

Banking and Insurance

 

AIMS OF PROGRAM

 

In today's conditions, the banking and insurance sector is one of the sectors most affected by globalization. The need for employment of young people who are equipped with qualified, modern technological knowledge and experience increases with the fact that multinational companies in the banking and insurance sector in our country also have an important share.

 

The aim of the Banking and Insurance Program is to train manpower, which is equipped with professional knowledge and experience in the framework of the basic principles of the banking and insurance profession, is aware of the professional foreign language, the responsibility of the profession and the work ethic.


 

 

PROGRAM LEARNING OUTCOMES

 

  1. Banking and Insurance Program Outcomes
  2.  Develop critical and strategic thinking, improve analytic skills and techniques, and enhance effective decision-making,
  3. To have knowledge of banking, insurance and capital market law besides fundamental legal knowledge,
  4. Demonstrate ability for team-working, collaboration and leadership,
  5. Understand social and legal issues both within local and global environments,
  6. To carry out financial analysis of banks and insurance companies,
  7. To analyze risks and financial problems,
  8. To have consciousness about universality of social rights, social justice, quality and cultural values, protection of environment, occupational health and safety,
  9. Acquire proficiency in English and utilize effective communication skills,
  10. Gain IT skills which are conducive for research using various resources and databases,
  11. Put knowledge acquired into practical experience through on-site internship(s) before graduation,
  12. Gain ethical consciousness and behavior required by the finance discipline,
  13. Review and utilize interest rate concepts and theories, asset pricing and security valuation models as they apply to the financial decision-making processes in a managerial position in banking and finance,
  14. Analyze credits and their terms and conditions as they pertain to evaluation of agricultural, commercial, consumer and real estate loan applications,
  15. Analyze and select the types of securities that businesses acquire for their short and long term investment portfolios,
  16. Review and analyze various cases, scenarios or actual situations and make sound decisions in the sector.

 

 

DEGREE AWARDED

 

The Associate degree program in Banking and Insurance is two years, and it is necessary to complete 60 credits in order to graduate. The language of education is English. After graduation, students can transfer to the Business Management, and Banking and Finance Bachelor departments.


 

EMPLOYMENT OPPORTUNITIES

Associate degree in Banking and Insurance graduates work in the positions of Personal Banker, Insurance Consultant, Customer Service Specialist, Assurance & Audit Specialist staff in sector. 

 

 

 

GRADUATION REQUIREMENTS

Students are entitled to graduate if s/he satisfactorily completes all required courses, and internship. The CGPA has to be 2.00 or above.



Graduation is conferred by the University Senate upon the recommendation of the Faculties.

 The Diplomas are prepared by the Registrar`s Office, and indicate the name of the Program, the date of graduation, and the degree obtained.


Course Descriptions

AACT101-BASIC ACCOUNTING

Accounting I is an introductory course, which assumes no previous knowledge of the subject. This course introduces the student to the basic tools of financial accounting such as balance sheet, income statement, worksheet, and journal & ledger accounts. The students will be able to prepare and use these in single proprietorship type of business by the end of the semester. This course will also demonstrate how accounting concepts can be used to make business decisions more effective.

ABSM101-INTRO. TO BUSINESS & MANAGEMENT I

Introduce business and non-business students to business areas and how they function together in a global business environment. Familiarize students with business concepts, terms and bases for global competition. Learn critical thinking skills through cases and application of concepts in real world situations.

ABSM104-BUSINESS LAW

Introduction to the business legal environment. Selective subjects relevant for managers from the law of contracts, civil law, commercial law, tax law, labour law, law on Bankruptcy and insurance law.

AMAT101-BUSINESS MATHEMATICS I

Revision of essential algebra for calculus. Polynomials, rational expressions, straight line. Linear and quadratic equations and inequalities. Functions, limits, continuity, derivatives, techniques of derivatives, applications of derivatives.

EGL101-DEVELOPMENT OF READING SKILLS

The main aim of this course is to prepare students for the academic reading and writing tasks they will do within their Faculties. To this end, Students will study the techniques that will enable them to produce academic essays in a range of specific styles. They will learn how to write about graphical information and how to incorporate supporting examples into their essays. They will also develop reading speed and proficiency, increase vocabulary and improve comprehension skills.

ABNK203-MONEY AND BANKING

Functions and role of money within the economy, finacial markets, interest rate determination, risk and term-structure of interest rates, yield curves, business cycles, functions and role of commercial banks and the Central Bank within the economy.

ABSM214-MARKETING AND CONSUMER BEHAVIOR

This course should discuss skills needed for success in today’s business environment including verbal and non-verbal communication, listening skills, and time management. Emphasis is placed on dealing with customer service problems, how to handle conflicts, stress and service expectations. This is especially useful for students who will work in a bank or insurance brokerage company.

EGL102-DEVELOPMENT OF WRITING SKILLS

The main aim of this course is to provide effective development of the skills acquired in EGL101. Students will master speaking and argumentative skills by taking part in discussions of the topics covered in the reading assignments. They will develop critical and analytical thinking at a higher level. Acquire profound knowledge of the necessary reading and writing techniques aiming to prepare them for more in depth research work with materials of their Majors. Continue to prepare students for the academic reading and writing tasks they will encounter within their Faculties. They will learn how to include secondary data within their writings. They will also develop reading speed and proficiency, increase vocabulary and improve comprehension skills.

INS102-FUNDAMENTALS OF INSURANCE

The basic principles of insurance: terminology, policy structure and the key forms of insurance, reinsurance and its purpose.

ABNK201-BUSINESS FINANCE I

Introduction to financial management; financial institutions & money markets; analysis of financial statements; discounted cash flow analysis; project cash flow analysis; analysis of flow of funds; risks and returns topics are covered in this course.

ABNK205-COMMERCIAL BANKING

This course is designed to provide an overview of commercial banks, their functions, management, and role in the economy. Topics include: basic asset, liability, liquidity and interest-rate risk management, primary lending functions pricing techniques, risk management.

ABSM201-MICROECONOMICS

Microeconomics is concerned with the economic behaviour of consumers, business units, and government agencies. A microeconomic analysis puts small segments of the economy under the microscope to observe details of specific components of our economic system.

ABSM203-STATISTICS

Statistical ideas and their relevance in practical life; preparing data for statistical analysis, elementary probability, random variables, frequency distributions and sampling, logic of statistical references; descriptive statistics, estimation and significance tests topics covered in this course.

INS201-ACCOUNTING FOR INSURANCE

This course covers aspects of accounting that are specific to the field of insurance and, more particularly, are critical to the supervisor in understanding and assessing the business and operations of an insurer.

ABSM202-MACROECONOMICS

This course provides the tools and information needed to interpret and analyze macro parts of the economic system to observe and understand firms’ decisions and markets.

INS202-EUROPEAN BANKING FRAMEWORK

Structural reforms of EU banks and the regulation of shadow banking, scope of financial market regulation in the European Union; crisis management for financial institutions in the EU: recovery and resolution for systemically relevant financial institutions; aspects of financial crime with a focus on the Market Abuse Directive.

INS204-RISK MANAGEMENT

History of risk management; Asset-liability management in banks and asset managers; Statistics for Risk: Mean, Variance, Correlation, Skewness; Basic rules of probability; Probability Distributions Useful for Risk and Financial Models; Linear Regressions and Risk Modeling Fundamentals.

INS206-INSURANCE BROKER AND AGENT SKILLS

This course covers some of the most essential techniques for working well with broking clients and catering to their service plans. It also helps students understand the features, classes and risks of general insurance products, and the role of a general insurance broker in the insurance industry; broking portfolio management tasks such as new business, claims, renewals and changing client service plans.

CAS101-CASE STUDY

The newly designed course will be a culmination of the previous two years of education. Students will work to design in order to establishing business plan.

1. Semester
CODE COURSE NAME T P C ECTS Prereq. Syllabus Description
AACT101 Basic Accounting 3 0 3 6
ABSM101 Introduction to Business & Mgmt. I 3 0 3 6
ABSM104 Business Law 3 0 3 6
AMAT101 Business Mathematics 3 0 3 6
EGL101 Development of Reading Skills 3 0 3 4
NH001 National History I 0 0 0 2
Total 15 30
2. Semester
CODE COURSE NAME T P C ECTS Prereq. Syllabus Description
ABNK203 Money and Banking 3 0 3 6
ABSM214 Marketing & Consumer Behaviour 3 0 3 6
ACOM102 Computer Applications II 3 0 3 5
EGL102 Development of Writing Skills 3 0 3 4
INS102 Fundamentals of Insurance 3 0 3 6
NH002 National History II 0 0 0 2
Total 15 29
3. Semester
CODE COURSE NAME T P C ECTS Prereq. Syllabus Description
ABNK201 Business Finance I 3 0 3 6
ABNK205 Commercial Banking 3 0 3 6
ABSM201 Microeconomics 3 0 3 6
ABSM203 Statistics 3 0 3 6
INS201 Accounting of Insurance 3 0 3 6
TURK001 Turkish I 0 0 0 2
Total 15 32
4. Semester
CODE COURSE NAME T P C ECTS Prereq. Syllabus Description
ABSM202 Macroeconomics 3 0 3 6
CAS101 Case Study 3 0 3 5
INS202 European Banking Framework 3 0 3 6
INS204 Risk Management 3 0 3 6
INS206 Insurance Broker & Agent Skills 3 0 3 6
TURK002 Turkish II 0 0 0 2
Total 15 31