BKF_FIMA Financial Mathematics

Faculty of Economics and Administration
Autumn 2016
Extent and Intensity
0/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Luděk Benada, Ph.D. (lecturer)
Guaranteed by
Ing. Luděk Benada, Ph.D.
Department of Finance – Faculty of Economics and Administration
Contact Person: Iva Havlíčková
Supplier department: Department of Finance – Faculty of Economics and Administration
Timetable
Sat 8. 10. 12:50–16:15 P102, Sat 22. 10. 12:50–16:15 P102, Sat 12. 11. 12:50–16:15 P104
  • Timetable of Seminar Groups:
BKF_FIMA/T01: Fri 30. 9. 11:05–14:35 S308, Fri 21. 10. 11:05–14:35 S305, Fri 11. 11. 11:05–14:35 S305, L. Benada, Nepřihlašuje se. Určeno pro studenty se zdravotním postižením.
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
This course consists of definition of the subject, conceptions and methods, basic maths, which is necessary for understanding and defining models of forming relations of financial mathematics, such as simple and compound interest, short-term and long-term savings, pensions and credits, checking accounts interest and bank overdrafts interest. The course is drawn up to explain fundamental relations and individual expressions for the needs of other courses.

The main objectives of the course are the following:
- understanding fundamentals of financial mathematics, understanding principles of interest, use of interest in fundamental areas of financial mathematics;
- applying acquired knowledge to the related areas which are not discussed within this course.
Syllabus
  • Thematic plan – lectures:
  • Thematic plan of tutorials:
  • 1. 1st Tutorial: Introduction to interest calculation (basic concept of interest, ahead and after interest, linear, exponential and combined interest calculation and their interdependence, taxation and real interest).
  • 2. 2nd Tutorial: Calculation of annuity with the focus on future value (problematic with interest period, various methods of interest calculation, taxation and real value of capital in the process of saving).
  • 3. 3rd Tutorial: Calculation of annuity with the focus on present value (problematic with interest period, various methods of interest calculation, taxation and real value of capital in the process of annuity payment).
Literature
    required literature
  • BUCHANAN, J. Robert. An undergraduate introduction to financial mathematics. 3rd ed. New Jersey: World Scientific, 2012, xviii, 464. ISBN 9789814407441. info
  • PETERSON DRAKE, Pamela and Frank J. FABOZZI. Foundations and applications of the time value of money. Hoboken, N.J. ?: John Wiley & Sons, 2009, xvii, 298. ISBN 9780470407363. info
  • ČERVINEK, Petr and František ČÁMSKY. Finanční matematika - Distanční studijní opora. 2009, 91 pp. info
  • Skripta FIMA
    recommended literature
  • RADOVÁ, Jarmila, Petr DVOŘÁK and Jiří MÁLEK. Finanční matematika pro každého. 7. aktualiz. vyd. Praha: Grada, 2009, 293 s. ISBN 9788024732916. info
  • CIPRA, Tomáš. Finanční a pojistné vzorce. 1. vyd. Praha: Grada, 2006, 374 s. ISBN 802471633X. info
Assessment methods
The exam is in the written form.
The grading scheme used for evaluation of students’ knowledge is the following:
A= 92 – 100 %
B= 84 – 91 %
C= 76 – 83 %
D= 68 – 75 %
E= 60 – 67 %
F= less than 60 %

Any copying, recording or leaking tests, use of unauthorized tools, aids and communication devices, or other disruptions of objectivity of exams (credit tests) will be considered non-compliance with the conditions for course completion as well as a severe violation of the study rules. Consequently, the teacher will finish the exam (credit test) by awarding grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination.
Language of instruction
Czech
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
Credit evaluation note: k=1,33.
Information about innovation of course.
This course has been innovated under the project "Inovace studia ekonomických disciplín v souladu s požadavky znalostní ekonomiky (CZ.1.07/2.2.00/28.0227)" which is cofinanced by the European Social Fond and the national budget of the Czech Republic.

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The course is also listed under the following terms Autumn 2009, Autumn 2010, Autumn 2011, Autumn 2012, Autumn 2013, Autumn 2014, Autumn 2015, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2020, Autumn 2021, Autumn 2022, Autumn 2023, Autumn 2024.
  • Enrolment Statistics (Autumn 2016, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2016/BKF_FIMA