Course: Computations in Finance and Insurance 1

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Course title Computations in Finance and Insurance 1
Course code KEM/FIPV1
Organizational form of instruction Lecture + Tutorial
Level of course Bachelor
Year of study 3
Semester Winter and summer
Number of ECTS credits 4
Language of instruction Czech
Status of course Compulsory, Optional
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Gangur Mikuláš, Doc. RNDr. Ph.D.
  • Svoboda Milan, Ing. Mgr. Ph.D.
  • Brčák Jan, Ing.
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. Additional information for the students of combined form of study is on the Courseware.

Learning activities and teaching methods
Lecture with practical applications, E-learning, Discussion, Students' portfolio, Individual study
  • 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
  • unspecified - 26 hours per semester
prerequisite
Knowledge
use commonly used elementary math operations, math power, exponential and logarithmic functions
solve power, exponential and logarithmic equations
use elementary iterative methods (splitting of interval, linear interpolating) for nonlinear equation root determination
Skills
modify alcebraic expression
solve linear, quadratic, exponencial and logaritmic equations
solve equations with help of basic numerical iteration methods
operate basics in MS Excel
Competences
N/A
N/A
N/A
N/A
N/A
learning outcomes
Knowledge
se 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
evaluate the capital value of different type of compounding and dicounting
evaluate anuity according to time value
assembly amortization plan with respect to different criteria
assembly cash flow of project, select suitable criteria, evaluate project
determine insurance premium iwith help of insurance-mathematical principles
Competences
N/A
teaching methods
Knowledge
E-learning
Individual study
Students' portfolio
Interactive lecture
Discussion
Lecture with visual aids
Skills
Practicum
E-learning
Individual study
Discussion
Competences
E-learning
Discussion
Individual study
assessment methods
Knowledge
Written exam
Portfolio
Seminar work
Individual presentation at a seminar
Skills
Skills demonstration during practicum
Portfolio
Practical exam
Competences
Practical exam
Portfolio
Skills demonstration during practicum
Recommended literature
  • CIPRA, T. Praktický průvodce finanční a pojistnou matematikou. Praha : Ekopress, 2005. ISBN 80-86119-91-2.
  • Cipra, Tomáš. Pojistná matematika. 1. vydání. Praha : Ekopress, 1999. ISBN 80-86119-17-3.
  • GROB, H. L., EVERDING, D. Finanzmathematik mit dem PC. [1. Aufl.]. Wiesbaden : Gabler, 1992. ISBN 3-409-12900-6.
  • Macháček, Otakar. Finanční a pojistná matematika : úrok a úročení, modely opakovaných plateb, burzovní operace při složeném úročení,pojistné operace. 1. vyd. Praha : Prospektrum, 1995. ISBN 80-7175-035-2.
  • 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
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