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 not specified
Semester Winter and summer
Number of ECTS credits 4
Language of instruction Czech
Status of course Compulsory
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.
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
  • 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
  • Presentation preparation (report) (1-10) - 1 hour per semester
prerequisite
professional 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.
professional 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.
general eligibility
N/A
N/A
N/A
N/A
N/A
learning outcomes
professional 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.
professional 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 projcet.
determine insurance premium iwith help of insurance-mathematical principles
general eligibility
N/A
teaching methods
professional knowledge
E-learning
Individual study
Students' portfolio
Lecture with practical applications
Discussion
professional skills
Practicum
E-learning
Individual study
Discussion
general eligibility
E-learning
Discussion
Individual study
assessment methods
professional knowledge
Written exam
Portfolio
Seminar work
Individual presentation at a seminar
professional skills
Skills demonstration during practicum
Portfolio
Practical exam
general eligibility
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) Branch of study Category Recommended year of study Recommended semester
Faculty of Economics Retail Management (1) Economy 3 Winter
Faculty of Economics Business Economics and Management (1) Economy 3 Winter
Faculty of Economics Information Systems Management (1) Economy 3 Winter
Faculty of Economics Business Economics and Management (2010) Economy 3 Winter
Faculty of Economics Information Systems Management (2015) Economy 3 Winter
Faculty of Economics Information Systems Management (2017) Economy 3 Winter
Faculty of Economics Business Economics and Management (2015) Economy 3 Winter
Faculty of Economics Business Economics and Management (2015) Economy 3 Winter
Faculty of Economics Retail Management (2015) Economy 3 Winter