VŠTE:M_FPM Financial and actuarial mathem - Course Information
M_FPM Financial and actuarial mathematics
Institute of Technology and Business in České Budějovicesummer 2019
- Extent and Intensity
- 2/2/0. 5 credit(s). Type of Completion: zk (examination).
- Teacher(s)
- Ing. Pavel Rousek, Ph.D. (seminar tutor)
- Guaranteed by
- Ing. Jaroslav Staněk, DiS.
Lifelong learning Centre – Directorate of Study Administration and Lifelong Learning – Vice-Rector for Study Affairs – Rector – Institute of Technology and Business in České Budějovice
Supplier department: School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice - Timetable of Seminar Groups
- M_FPM/CCV: Sat 23. 3. 13:05–18:00 E7, P. Rousek
- Prerequisites (in Czech)
- OBOR(CAP)
- Course Enrolment Limitations
- The course is also offered to the students of the fields other than those the course is directly associated with.
- fields of study / plans the course is directly associated with
- Master of Business Administration (programme VŠTE, CZV)
- Course objectives supported by learning outcomes
- The course deals with financial and actuarial mathematics, which is used in a wide range of economic processes. Especially for bonds, investment discounts, mortgage loans. The aim of the course is to acquaint students with particular areas so that they are able to use mathematical tools to assess the situation.
- Learning outcomes
- Graduate is able to use mathematical tools to assess the situation. He solves the problém of bonds, investment discounts, mortgage loans etc. He can measure the portfolio performance data. He manages the principles of insurance (life insurance policies).
- Syllabus
- Introduction, basic terms and interest rates.
- Compound interest.
- Savings, pension as regular payments from investments.
- Classification of bonds. The nominal value of the bond coupon rate, the bond yield. Calculating bond prices of zero-coupon bonds, annuity and perpetuity.
- Pay off the loan, exchange trades.
- Sconto, mortgage and consumer loans.
- Forfaiting, factoring and leasing.
- Bonds, duration, convexity, immunization.
- Measurement of portfolio performance data.
- MMF shares, exchange rate, foreign exchange transactions, financial and trading futures.
- Utility and insurance function.
- Principles of insurance - life insurance policies.
- The basics of insurance - life insurance policies - continued
- Literature
- required literature
- RADOVÁ, J., DVOŘÁK, P., MÁLEK J.: Finanční matematika pro každého. 8., rozš. vyd. Praha: Grada, 2013, 304 s. Finance (Grada). ISBN 978-80-247-4831-3.
- PROUZA, L. Finanční a pojistná matematika. Vyd. 1. Praha: Vysoká škola ekonomie a managementu, 2007, 157 s. ISBN 978-80-86730-17-2.
- recommended literature
- BUDINSKÝ, P., ZÁŠKODNÝ, P.: Finanční a investiční matematika. VŠFS, 2003
- Cipra, T. Praktický průvodce finanční a pojistnou matematikou. Ekopress, Praha: 2015, 308 stran, ISBN: 978-80-87865-18-7
- Forms of Teaching
- Lecture
Seminar
Tutorial - Teaching Methods
- Frontal Teaching
- Student Workload
Activities Number of Hours of Study Workload Daily Study Combined Study Preparation for seminars 50 60 Preparation for exam 41 64 Attendance on Lectures 20 Attendance on Seminars/Exercises/Tutorial/Excursion 19 6 Total: 130 130 - Assessment Methods and Assesment Rate
- Exam – oral 100 %
- Exam conditions
- Evaluation: oral exam (100 – 0): A 100 – 90, B 89,99 – 84, C 83,99 – 77, D 76,99 – 73, E 72,99 – 70, FX 69,99 – 30, F 29,99 – 0
- Language of instruction
- Czech
- Enrolment Statistics (summer 2019, recent)
- Permalink: https://is.vstecb.cz/course/vste/summer2019/M_FPM