BPF_FIMA Financial Mathematics

Faculty of Economics and Administration
Autumn 2021
Extent and Intensity
1/2/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Luděk Benada, Ph.D. (lecturer)
Ing. Luděk Benada, Ph.D. (seminar tutor)
Ing. Mgr. Matúš Horváth (seminar tutor)
Ing. Lukáš Marek (seminar tutor)
Ing. Lucie Staněk Gyönyör, Ph.D. (seminar tutor)
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
each odd Monday 10:00–11:50 P102, except Mon 13. 9.
  • Timetable of Seminar Groups:
BPF_FIMA/01: Thu 8:00–9:50 VT202, except Thu 16. 9., except Thu 4. 11., L. Benada, M. Horváth, L. Staněk Gyönyör
BPF_FIMA/02: Thu 14:00–15:50 VT206, except Thu 16. 9., except Thu 4. 11., M. Horváth
BPF_FIMA/03: Thu 10:00–11:50 VT206, except Thu 16. 9., except Thu 4. 11., L. Benada, M. Horváth, L. Staněk Gyönyör
BPF_FIMA/04: Thu 16:00–17:50 VT206, except Thu 16. 9., except Thu 4. 11., L. Marek
BPF_FIMA/05: Tue 8:00–9:50 VT202, except Tue 14. 9., except Tue 2. 11., L. Marek
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 108 student(s).
Current registration and enrolment status: enrolled: 3/108, only registered: 0/108, only registered with preference (fields directly associated with the programme): 0/108
fields of study / plans the course is directly associated with
Course objectives
After passing the course is student able to: make clear the fundamentals of financial mathematics, calculation of annuities and the principles of interest. Futher, he will able to make use of the interest in fundamental areas of financial mathematics and apply acquired knowledge to the related areas which are not discussed within this course.
Learning outcomes
Student will be able to:
- understand and apply the concept of time value of captal;
- make decisions on time-diverging cash flows;
- interpret an informative content of interest rate;
- apply variations of interest calculation: after-term and pre-term (linear, compound, exponetial, combined);
- understand the value of real and nominal capital depending on the form of taxation and price level;
- effectively work with the annuities on which the whole field of finance is based.
Syllabus
  • Thematic plan - lectures:
  • Organizational instructions
  • 1. Introduction to insterst calculation
  • 2. Nominal and real value of capital, effect of taxation
  • 3. No lecture
  • 4. Annuity calculation with respect to future values
  • 5. Annuity calculation with respect to future values
  • 6. No lecture
  • Reading week
  • 7. Loans, AACR
  • 8. No lecture
  • 9. Securities
  • 10. No lecture
  • 11. Practical application
  • 12. No lecture
  • Thematic plan - seminars:
  • 16.9. Icebreaker mode
  • 23.9. Basic interest calculation, ahead and after paid interest.
  • 30.9. Combined interest, taxation.
  • 7.10. Continuous interest, inflation.
  • 14.10. Complex examples.
  • 21.10. Savings and pension plans.
  • 28.10. (Holiday) Savings and pensions - continued.
  • 4.11. Reading week
  • 11.11. Loans, AACR.
  • 18.11. Complex examplex.
  • 25.11. Stocks.
  • 2.12. Bonds.
  • 9.12. Practical seminar.
  • 16.12. Test
Literature
    required literature
  • Skripta FIMA
  • BUCHANAN, J. Robert. An undergraduate introduction to financial mathematics. 3rd ed. New Jersey: World Scientific, 2012, xviii, 464. ISBN 9789814407441. info
    recommended literature
  • DWORSKY, Lawrence N. Understanding the mathematics of personal finance : an introduction to financial literacy. Hoboken, New Jersey: Wiley, 2009, xvii, 242. ISBN 9780470497807. info
  • BUDINSKÝ, Petr and Přemysl ZÁŠKODNÝ. Finanční a investiční matematika. 1. vyd. Praha: Vysoká škola finanční a správní, 2004, 127 s. ISBN 8086754111. info
Teaching methods
Lectures combined with student interaction, Seminars - solving of problems related to interest, savings, annuities, credits and some securities.
Assessment methods
Structure of the course: 1/2 (lecture / seminar)
Assessment:
The overall evaluation is based on the point for continuous activity (40%) and the final test (60%).
Ongoing activity consists of evaluation of active participation in class, student presentations and fulfillment ROPOT. At the same time, you can get bonus points from lectures. For successful composition subject, it is necessary to obtain at least 20 points for the activity and 30 points from the test, ie. the non-compliant minimum is set to 50% of each part separately.
Detailed information will be explained in the introductory lecture and seminars.
The final test will take place at the last seminar.

Classification scale:
A = 92 - 100+
B = 84 - 91
C = 76 - 83
D = 68 - 75
E = 60 - 67
F = less than 60

If a student commits an illegal conduct such as the use of various illegal aids ("cheat sheet"), copying, taking test assignments and conduct that interferes with the course of the test, the teacher interrupts the examination and assigns classification to IS F or FF, depending on the severity of the offense. possibly also FFF. In the case of a serious misdemeanour, the disciplinary commission will be initiated to initiate disciplinary proceedings.
Language of instruction
Czech
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
Credit evaluation note: k=1,33.
The course is also listed under the following terms Autumn 2009, Autumn 2010, Autumn 2011, Autumn 2012, Autumn 2013, Autumn 2014, Autumn 2015, Autumn 2016, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2020, Autumn 2022, Autumn 2023, Autumn 2024.
  • Enrolment Statistics (Autumn 2021, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2021/BPF_FIMA