Course: Computations in Finance and Insurance in English

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Course title Computations in Finance and Insurance in English
Course code KEM/AFIPV
Organizational form of instruction Lecture + Tutorial
Level of course Bachelor
Year of study not specified
Semester Summer
Number of ECTS credits 4
Language of instruction English
Status of course unspecified
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Course availability The course is available to visiting students
Lecturer(s)
  • Gašpařík Adam, doc. RNDr. Ph.D.
Course content
The introduce to course. Simple interest, simple discount, time value of money. Compound interest, compound discount, other type of interest. Annuities. Ordinary annuity. General annuities and other annuities. Amortization. Projects evaluation. Products of short-term markets. Insurance calculations.

Learning activities and teaching methods
Lecture with practical applications, E-learning, Discussion, Students' portfolio, Individual study
  • unspecified - 26 hours per semester
  • Presentation preparation (report) (1-10) - 1 hour per semester
  • Contact hours - 39 hours per semester
  • Preparation for comprehensive test (10-40) - 10 hours per semester
  • Preparation for an examination (30-60) - 30 hours per semester
prerequisite
Knowledge
Know commonly used basic mathematical operations, mathematical power, exponential and logarithmic functions.
Understand the solution of power, exponential and logarithmic equations. The advantage is the knowledge of basic iterative methods for determining the root of a nonlinear equation together with the ability of practical application of these basic iterative methods (soil interval, linear interpolation).
Skills
Use e-learning systém
Apply high school mathematics
Competences
N/A
learning outcomes
Knowledge
Use orientation in the basic calculations calculations and quantitative methods in finance and insurance.
Apply methods and calculations in solving of practical problems in finance and insurance.
Evaluate, compare and select the suitable products of shot-term money market and in the insurance area.
Skills
Apply basic technics of financial computing.
Calculate interest, pensions, money market instruments.
Construct cash-flow of project and he can evaluate it.
Competences
N/A
teaching methods
Knowledge
E-learning
Individual study
Students' portfolio
Interactive lecture
Discussion
Skills
Interactive lecture
E-learning
Self-study of literature
Competences
E-learning
Practicum
Self-study of literature
assessment methods
Knowledge
Written exam
Portfolio
Seminar work
Individual presentation at a seminar
Skills
Written exam
Test
N/A
Competences
Written exam
Test
N/A
Recommended literature
  • CIPRA, T. Praktický průvodce finanční a pojistnou matematikou. Praha : Ekopress, 2005. ISBN 80-86119-91-2.
  • GROB, H. L., EVERDING, D. Finanzmathematik mit dem PC. [1. Aufl.]. Wiesbaden : Gabler, 1992. ISBN 3-409-12900-6.
  • Radová, Jarmila; Dvořák, Petr,; Málek, Jiří. Finanční matematika pro každého. 7., aktualiz. vyd. Praha : Grada, 2009. ISBN 978-80-247-3291-6.
  • ZIMA, P., BROWN, R. L. Shaum's outline of theory and problems of mathematics of finance. 2nd ed. New York : McGraw-Hill, 1996. ISBN 0-07-008203-0.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester