OPF:FIUBAFMP Finance and Insurance Mathemat - Course Information

FIUBAFMP Finance and Insurance Mathematics

Extent and Intensity

1/2/0. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Ing. Iveta Palečková, Ph.D. (lecturer)
doc. Ing. Iveta Palečková, Ph.D. (seminar tutor)

Guaranteed by

doc. Ing. Iveta Palečková, Ph.D.
Department of Finance and Accounting – School of Business Administration in Karvina
Contact Person: Ing. Irena Szarowská, Ph.D., MPA

Prerequisites

None

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

• Business Economics and Management (programme OPF, B_EKOMAN, specialization Corporate Finance)

Course objectives

The aim of this course is to familiarize students with mathematical applications in finance and insurance. The main operations are included in this course, namely operations related to the possibilities of using mathematics to simple and compound interest, savings, pension calculations, calculation of the present value of stocks and bonds, as well as the possibility of using mathematics in determining the amount of insurance in both life and non-life insurance, including the establishment of technical provisions. It is shown how financial and actuarial mathematics enters into interaction with mathematical economics, econometrics and mathematical and economic statistics.

Syllabus

• 1. Basic concepts of financial and actuarial
  2. Simple interest
  3. Short-term securities
  4. Compound interest
  5. Interest rates
  6. Long-term securities
  7. Saving
  8. Pensions
  9. Models recurring payments
  10. Risk in financial mathematics
  11. Life insurance
  12. Non-life insurance
  13. Health and pension insurance

Literature

recommended literature
• CAPINSKI, M., ZASTAWNIAK, T. Mathematics for Finance: An Introduction to Financial Engineering. Berlin, 2010. ISBN 978-0857290816. info

Language of instruction

English

Further comments (probably available only in Czech)

The course can also be completed outside the examination period.

Teacher's information

Attendance in seminars 25%, 2 ongoing test.

Activity	Difficulty [h]
Ostatní studijní zátěž	66
Přednáška	13
Seminář	26
Zkouška	40
Summary	145

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