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Lecturer(s)
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Jindrová Pavla, Mgr. Ph.D.
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Course content
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Attributes of money, financial market, financial supply and demand. Time order, rate of interest. Bearing interest in the period of unit length. Simple and compound interest. Combination of simple and compound interest. Cash flow and its value. Importance of savings, models of savings. Short-term and long-term saving, combination of short-term and long-term saving. Conception of income, models of incomes. Models of immediate and deferred incomes. Credits and its attributes, schedule of payments, models of credit repayments. Securities - basic concepts
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Learning activities and teaching methods
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Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Work with text (with textbook, with book), Skills training
- Preparation for a credit (assessment)
- 30 hours per semester
- Participation in classes
- 52 hours per semester
- Preparation for an exam
- 40 hours per semester
- Home preparation for classes
- 28 hours per semester
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Learning outcomes
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The aim of the course is to acquaint the students with basic terms and processes of the classical financial mathematics. The accent is put on the ability of students to use acquired knowledge in several practical and theoretical economic fields.
The student who has successfully completed the course can: understand the basic concepts of financial mathematics; distinguish between different types of interest, savings, pensions and loans; choose appropriate methods for solving the problems of financial mathematics related to cash flow, savings, pensions and loans; to set up a repayment schedule for various types of loan repayment; different types of securities. The student who has successfully completed the course is able to: apply financial mathematics methods using MS Excel software; interpret the results in a clear and correct way.
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Prerequisites
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The students are supposed to have the knowledge of mathematics in a range common at the high school.
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Assessment methods and criteria
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Oral examination, Written examination, Student performance assessment
Credit: verification of practical solution of financial mathematics problems using MS Excel software. Examination: written and oral form of verification of study results. Detailed information can be found in the study resources.
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Recommended literature
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Cipra, Tomáš. Praktický průvodce finanční a pojistnou matematikou. Praha: Ekopress, 2015.
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Radová, Jarmila. Finanční matematika pro každého. Praha: Grada, 2013. ISBN 978-80-247-4831-3.
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SEKERKA, B., JINDROVÁ, P.:. Finanční a pojistná matematika. Pardubice: Univerzita Pardubice, 2005.
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Šoba, Oldřich. Finanční matematika v praxi. Praha: Grada, 2017. ISBN 978-80-271-0250-1.
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