FINANCIAL MATHEMATICS
9 credits during the 2nd year of 8699 Economics (L-33) GENOVA
OVERVIEW
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Course description |
The teaching proposes the study of financial transactions. |
AIMS AND CONTENT
LEARNING OUTCOMES
The aim of the course is to provide formalization and mathematical modeling of financial transactions. In addition, with reference to random financial transactions, the course provides mathematical models and methods for some life-insurance contracts.
AIMS AND LEARNING OUTCOMES
The purpose of teaching is to use mathematical tools in the financial field, exploiting skills gained in general mathematics teaching, which is a propedeutic.
PREREQUISITES
Student must prove to have succesfully passed the final exam concerning Calculus (it. “Matematica Generale”). When the student wants to take the exam he must do the on-line registration.
Teaching methods
Lectures and exercises.
Classes material is on Aulaweb.
SYLLABUS/CONTENT
Theory of Financial Laws. Decomposable financial laws, Uniform financial laws. The regime of simple interest. The compound interest regime. The Exponential regime. The regime of simple discount. The regime of rational discount. The regime of continuously compound discount. Annuities. Evaluation of annuities. Amortizations. General loan amortization. Divided loans. Coupon bonds. Zero coupon bonds. Evaluations. Term structure. Risks and insurance. Life insurance: modelling the lifetime. Life insurance: pricing. Insurance premiums
RECOMMENDED READING/BIBLIOGRAPHY
Books and classes materias will be indicated by the instructor during the lessons period.
TEACHERS AND EXAM BOARD
Ricevimento: Actually office hours are suspended. Further information will be given during the lessons time.
Exam Board
MARINA RESTA (President)
MARIA LAURA TORRENTE
MARINA RAVERA
ESTER CESARINA LARI
LESSONS
Teaching methods
Lectures and exercises.
Classes material is on Aulaweb.
LESSONS START
14 September 2020
EXAMS
Exam description
Final test.
Assessment methods
The preparation of the student is assessed by a final test.
Exam schedule
| Date | Time | Location | Type | Notes |
|---|---|---|---|---|
| 03/06/2021 | 09:30 | GENOVA | Scritto Prof.ssa Resta con accettazione online | |
| 17/06/2021 | 09:30 | GENOVA | Scritto Prof.ssa Resta con accettazione online | |
| 02/07/2021 | 09:30 | GENOVA | Scritto Prof.ssa Resta con accettazione online | |
| 02/09/2021 | 09:30 | GENOVA | Scritto Prof.ssa Resta con accettazione online |
FURTHER INFORMATION
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Attendance |
Students must prove to have succesfully passed Calculus (it. “Matematica Generale”). When the student wants to take the exam he/she must fill in the on-line registration form. |