Subjects

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Financial Mathematics - N413017

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:	unknown / unknown (unknown)
Min. number of students:	unlimited
State of the course:	taught
Language:	Czech
Teaching methods:	full-time
Level:
Is provided by:	B413010
Additional information:	http://www.vscht.cz/mat/Info.html

Guarantor:	Simerská Carmen doc. RNDr. CSc.
Class:	Předměty pro matematiku
Is interchangeable with:	B413010

Examination dates Schedule

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: SIMERSKC (02.12.2005)

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: SIMERSKC (22.04.2015)

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: SIMERSKC (18.02.2015)

Learning resources -

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

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

Last update: SIMERSKC (29.08.2013)

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: SIMERSKC (01.08.2013)

Registration requirements -

Mathematics I

Last update: SIMERSKC (01.08.2013)

Teaching methods
	Activity	Credits	Hours
	Účast na přednáškách	1	28
	Příprava na přednášky, semináře, laboratoře, exkurzi nebo praxi	1	28
	Příprava na zkoušku a její absolvování	0.5	14
	Účast na seminářích	0.5	14
		3 / 3	84 / 84

Coursework assessment
Form	Significance
Regular attendance	20
Report from individual projects	10
Examination test	70