Subjects

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Financial Mathematics - B413010

Title:	Finanční matematika
Guaranteed by:	Department of Mathematics (413)
Faculty:	Faculty of Chemical Engineering
Actual:	from 2019 to 2020
Semester:	summer
Points:	summer s.:3
E-Credits:	summer s.:3
Examination process:	summer s.:
Hours per week, examination:	summer s.:2/1, MC [HT]
Capacity:	unlimited / unlimited (unknown)
Min. number of students:	unlimited
Qualifications:
State of the course:	taught
Language:	Czech
Teaching methods:	full-time
Level:
Additional information:	http://www.vscht.cz/mat/Info.html
Note:	course can be enrolled in outside the study plan enabled for web enrollment

Guarantor:	Simerská Carmen doc. RNDr. CSc. Pavlíková Pavla RNDr. Ph.D.
Classification:	Mathematics > Financial and Insurance Math.
Interchangeability :	N413017

Examination dates Schedule

This subject contains the following additional online materials

E-learning course

Annotation -

The semestral course presents the basic mathematics needed to understand financial transactions and investments. At the same time, it opens the door to understanding of basic notions in the world of finance and prepares for dealing with financial decisions and investments. As a prerequisite, students should have a one-semester Calculus course. This course is intended also for students majoring in non-economic fields.

Last update: Kubová Petra (01.05.2019)

Literature -

Z: Simerská C., Finanční matematika, skripta, VŠCHT Praha, 2014, ISBN 978-80-7080-915-0

R: Radová J., Dvořák P., Málek J., Finanční matematika pro každého, Grada, 2005,ISBN 80-247-1230-X

R: Cipra T., Praktický průvodce finanční a pojistnou matematikou, EKOPRESS, 2005, ISBN 80-86119-91-2

A: M. Capinski, T. Zastawniak, Mathematics for Finance : An Introduction to Financial Engineering. Springer-Verlag, 2003, ISBN 1852333308

A: S. G. Kellison, The theory of interest, 3rd ed., McGraw-Hill, 2009. ISBN 978-007-127627-6.

Last update: Kubová Petra (01.05.2019)

Syllabus -

1. Basic Notions. Present value of money.

2. Simple Interest, Discount. Acumulation function.

3. Compound and Continuous Interest. Efective Interest.

4. Risk and Risk-free Assets.

5. Examples of financial products.

6. A Simple Market Model, Arbitrage.

7. Financial derivatives. Forward.

8. Option. Black-Scholes Model.

9. Inflation.

10. Investments Decision. PV, IRR.

11. Cash Flows, RPSN number.

12. Annuities, Mortgage.

13. Bonds, Yield. Term Structure.

14. Duration.

Last update: Kubová Petra (01.05.2019)

Learning resources -

http://www.vscht.cz/mat/FM/Financni.pdf

sample test: http://www.vscht.cz/mat/Info.html

Last update: Kubová Petra (01.05.2019)

Learning outcomes -

Students will be able to:

-use mathematical methods and derive formulas for financial calculations

-know the nature of financial transactions and investments

-orientate themselves in financial decision making

-govern the financial functions in Excel when solving financial problems.

Last update: Kubová Petra (01.05.2019)

Registration requirements -

Mathematics I

Last update: Kubová Petra (01.05.2019)