OPF: FIUBKFPM Finance and Insurance Mathematics (Winter 2022)
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.
Learning outcomes
Upon completion of the course, the student will know the basic calculations of financial and insurance mathematics. In particular, the student will be familiar with present and future value calculations, calculations of savings, interest, pensions, and valuation of basic securities.
Teaching methods
Skills demonstration
Seminar classes
Assessment methods
Written exam
Course syllabus