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Lecturer(s)
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Šulista Marek, PhDr. Ph.D.
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Course content
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Basic terminology, percentages, means Progressions. Time value of money. Simple interest, bank discount, standards of interest calculations. Compound and continuous interest. Inflation, real and effective interest rate. Saving models. Loan redemption. Complex savings models. Depreciation of assets. Performance measuring. Modelling of financial products in MS Excel.
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Learning activities and teaching methods
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Monologic (reading, lecture, briefing), E-learning
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Learning outcomes
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The aim of the Financial Mathematics course is to introduce students to the basic terminology, models, principles, and mathematical calculations of financial mathematics and their applications to real-world financial problems. The course aims not only to explain theoretical foundations but also to develop students' ability to understand various financial products and effectively use relevant software for financial computations. Students will learn the basic principles of financial mathematics and be able to compare different financial products. The course also emphasizes the use of financial software, which will enable students to solve practical financial problems efficiently.
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Prerequisites
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unspecified
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Assessment methods and criteria
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Combined exam
Pre-examination: Obtaining at least 7 points out of 12 in a final credit test - time allocated: 90 minutes. Students have three attempts. The tests are taken in week 14 and resits in the examination period. Examination: Having succeeded in the test, students can take an examination taking place in the examination period. The examination is focused on the calculation of two financial problems using MS Excel. The final mark is based on the results of the credit tests and the final examination.
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Recommended literature
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Šulista, Marek; Nýdl, Václav,; Akehurst-Moore, Gregory. Introduction to financial and actuarial mathematics. České Budějovice : EF JU, 2006. ISBN 80-7040-919-3.
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