545-0172/01 – Financial Mathematic (FM)

Gurantor departmentDepartment of Economics and Control SystemsCredits4
Subject guarantorRNDr. Radmila Sousedíková, Ph.D.Subject version guarantorRNDr. Radmila Sousedíková, Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Year3Semestersummer
Study languageCzech
Year of introduction2020/2021Year of cancellation
Intended for the facultiesHGFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
SOU70 RNDr. Radmila Sousedíková, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Graded credit 1+2
Part-time Graded credit 4+8

Subject aims expressed by acquired skills and competences

Classify different types of interest. Analyze short and long term securities and bank accounts. Clarify the differences in the different repayment methods. Assess the appropriateness of using different approaches to financial mathematics. Evaluate the profitability of investment alternatives.

Teaching methods

Lectures
Tutorials
Project work

Summary

The course is focused on practical application of financial mathematics. The main areas of interest are interest and discounting and their application in investing and analyzing securities. It also focuses on savings and pensions and debt amortization.

Compulsory literature:

PETTERS, Arlie O.; DONG, Xiaoying. An introduction to mathematical finance with applications: understanding and building financial intuition. Švýcarsko: Springer, 2016. ISBN 978-1-4939-3781-3. JACQUES, Ian. Mathematics for economics and business. Harlow: Pearson, 2013. ISBN 978-0-273-76356-7. LOVELOCK, David; MENDEL, Marilou; WRIGHT, Larry. An introduction to the mathematics of money: saving and investing. New York: Springer, c2010. ISBN 978-1-4419-2232-8.

Recommended literature:

FUNIOKOVÁ, Taťána. Introduction to financial mathematics. Ostrava: VŠB-TU Ostrava, 2017. ISBN 978-80-248-4081-9. FRANKE, Jürgen; HÄRDLE, Wolfgang; HAFNER; Christian M. Statistics of financial markets: an introduction. Berlin: Springer, 2011. ISBN 978-3-642-16520-7. HENRY-LABORDERE, Pierre. Analysis, geometry, and modeling in finance: advanced methods in option pricing. Boca Raton: CRC Press, 2009. ISBN 978-1-4200-8699-7.

Way of continuous check of knowledge in the course of semester

Regular feedback on the progress of knowledge during the current term is provided by semester project. The scope of the contact part of the combined study is defined by 8 hours of lectures and 8 hours of seminars per semester. Preparation of a professional project with a final report of at least 10 A4 pages on the subject of financial mathematics in an industrial enterprise environment. Control during the semester as part of individual consultations and after submitting work. Study materials for the distance part of study are available in IS LMS Moodle - http://lms.vsb.cz/.

E-learning

The Moodle Learning Management System (lms.vsb.cz) is used to communicate beyond the scope of attendance at present, through which communication is made not only between the teacher and students, but also between the students.

Další požadavky na studenta

Individually according to the instructions of the teacher

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Simple interest, discount 2. Short-term securities 3. Compound interest 4. Mixed interest 5. Interest rate 6. Investment decisions 7. Skonto 8. Current and overdraft accounts 9. Savings and regular investments 10. Pensions and annuities 11. Mortgage loans 12. Loan repayment 13. Bonds 14. Stocks

Conditions for subject completion

Full-time form (validity from: 2020/2021 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Graded credit Graded credit 100  51
Mandatory attendence parzicipation: at least 50%

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2020/2021 (B2735XXX0001) Mineral Economics K Czech Most 3 Compulsory study plan
2020/2021 (B2735XXX0001) Mineral Economics K Czech Ostrava 3 Compulsory study plan
2020/2021 (B2735XXX0001) Mineral Economics P Czech Ostrava 3 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner