Course: Computations in Finance and Insurance in English

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Course title Computations in Finance and Insurance in English
Course code KEM/AFIPV
Organizational form of instruction Lecture + Tutorial
Level of course Bachelor
Year of study not specified
Semester Summer
Number of ECTS credits 4
Language of instruction English
Status of course unspecified
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Course availability The course is available to visiting students
  • Gangur Mikuláš, Doc. RNDr. Ph.D.
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.

Learning activities and teaching methods
Lecture with practical applications, E-learning, Discussion, Students' portfolio, Individual study
  • unspecified - 26 hours per semester
  • 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
professional knowledge
Study of course supposes the knowledge commonly used elementary math operations, math power, exponential and logarithmic functions, next assumes the knowledge of power, exponential and logarithmic equations solving. The knowledge of elementary iterative methods for nonlinear equation root determination along with ability of practical application of these iterative methods (splitting of interval, linear interpolating).
learning outcomes
Studet is able to: - Use 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.
teaching methods
Individual study
Students' portfolio
Lecture with practical applications
assessment methods
Written exam
Seminar work
Individual presentation at a seminar
Recommended literature
  • CIPRA, T. Praktický průvodce finanční a pojistnou matematikou. Praha : Ekopress, 2005. ISBN 80-86119-91-2.
  • GROB, H. L., EVERDING, D. Finanzmathematik mit dem PC. [1. Aufl.]. Wiesbaden : Gabler, 1992. ISBN 3-409-12900-6.
  • 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) Branch of study Category Recommended year of study Recommended semester