| Course title | Financial Mathematics |
|---|---|
| Course code | KMI/KFNMA |
| Organizational form of instruction | Lecture |
| Level of course | Bachelor |
| Year of study | 1 |
| Semester | Summer |
| Number of ECTS credits | 6 |
| Language of instruction | Czech |
| Status of course | Compulsory-optional |
| Form of instruction | Face-to-face |
| Work placements | This is not an internship |
| Recommended optional programme components | None |
| Lecturer(s) |
|---|
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| Course content |
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Lectures: 1 - introduction to the course, assignments; basic terminology 2 - arithmetic and geometric sequence 3 - simple interest, bank discount, bill of exchange 4 - compound and continuous interest, combination of simple and compound interest 5 - real and effective interest rate, inflation, current account 6 - simple and general annuities 7 - loan and mortgage redemption 8 - assets depreciation 9 - zero and coupon bonds 10 - shares, options 11 - analysis of portfolio Seminars: 1 - percentages, means 2 - arithmetic and geometric sequence 3 - simple interest, bank discount, bill of exchange 4 - compound and continuous interest, combination of simple and compound interest 5 - real and effective interest rate, inflation, current account 6 - simple and general annuities 7 - loan and mortgage redemption 8 - assets depreciation 9 - zero and coupon bonds 10 - shares, 11 - analysis of portfolio
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| Learning activities and teaching methods |
| Monologic (reading, lecture, briefing) |
| Learning outcomes |
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The aim of the course of Financial and Actuarial Mathematics is to introduce students to the basic terminology, models, principles, and mathematical calculations of financial mathematics and their applications in concrete financial problems. The secondary aim is to develop students' language competences in the filed of financial mathematics.
Students understand the basic principles of financial mathematics, they are able to compare various financial products and to use effectively the relevant software in their financial computation. |
| Prerequisites |
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The course has no prerequisities.
KMI/CM1 ----- or ----- KMI/KMATA ----- or ----- KMI/KMATI ----- or ----- KMI/MATI ----- or ----- KMI/M1 and KMI/CM1 ----- or ----- KMI/KMATA ----- or ----- KMI/KMATI ----- or ----- KMI/MATI ----- or ----- KMI/M1 |
| Assessment methods and criteria |
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Combined exam
Credit Requirements: Obtaining at least 15 points out of 22 in two credit tests (each of them is worth a maximum of 11 points). Examination Requirements: Calculation of two financial problems using MS Excel. Final mark is based on the results of the credit tests and the final examination. |
| Recommended literature |
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| Study plans that include the course |
| Faculty | Study plan (Version) | Category of Branch/Specialization | Recommended semester | |
|---|---|---|---|---|
| Faculty: Faculty of Economics | Study plan (Version): Financial and Insurance Mathematics (4) | Category: Mathematics courses | 1 | Recommended year of study:1, Recommended semester: Summer |
| Faculty: Faculty of Economics | Study plan (Version): Accounting and Financial Management (4) | Category: Economy | 2 | Recommended year of study:2, Recommended semester: Summer |