VŠTE:M_FPM Financial and actuarial mathem - Course Information

M_FPM Financial and actuarial mathematics

Extent and Intensity

2/2/0. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Ing. Simona Hašková, Ph.D. (lecturer)
doc. Ing. Jarmila Straková, Ph.D., MBA (lecturer)
prof. Ing. Marek Vochozka, MBA, Ph.D., dr. h.c. (lecturer)

Guaranteed by

Ing. Kristýna Ludwigová
Study Department – 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: No timetable has been entered into IS. S. Hašková, J. Straková, M. Vochozka, CZV MBA

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.

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. Edice HZ, 2000.

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	45	62
Preparation for exam	46	62
Attendance on Lectures	20
Attendance on Seminars/Exercises/Tutorial/Excursion	19	6
Total:	130	130

Assessment Methods and Assesment Rate

Exam – oral 100 %

Language of instruction

Czech

• Enrolment Statistics (recent)
  
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