Course: Actuarial and Financial Mathematics

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Course title Actuarial and Financial Mathematics
Course code KMA/PFM
Organizational form of instruction Lecture + Lesson
Level of course Master
Year of study not specified
Semester Winter
Number of ECTS credits 5
Language of instruction Czech
Status of course unspecified
Form of instruction Face-to-face
Work placements Course does not contain work placement
Recommended optional programme components None
Course availability The course is available to visiting students
Lecturer(s)
  • Kalousek Zdeněk, RNDr. CSc.
Course content
Oral: Principles of interest rates and their influence on cash flows (namely credit, annuity, bond, stock). Introduction to life insurance and non-life insurance. Written: Computation of example of financial mathematics or life insurance mathematics.

Learning activities and teaching methods
Monological explanation (lecture, presentation,briefing)
  • Class attendance - 56 hours per semester
  • Preparation for exam - 95 hours per semester
Learning outcomes
Annotation: linear, compound and continuous reckoning of interest; regular payments savings, pension, redemption, coupon bonds; evaluation of investment goals; probability aspects of financial transactions; mortality tables; life insurance, insurance for the case of death.
The ability to solve the problems from finance in analytical way. To use the elementary mathematical operations in finance. The short list life insurance instruments and set amount of premium in non-life insurance.
Prerequisites
Unspecified

Assessment methods and criteria
Oral exam, Written exam

Participartion on seminars, writting of examples.
Recommended literature
  • Cipra, T. Průvodce finanční a pojistnou matematikou. HZ, Praha 1993..
  • Kadeřábek, J. - Picek, J.:. Kapitoly z finanční matematiky. Skripta, Liberec 2007, 80 str..
  • Macháček, O. Finanční a pojistná matematika, Praha. Prospektrum, 1995. ISBN 80-7175-035-2.


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