Course description
The teaching proposes the study of financial transactions.
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.
The purpose of teaching is to use mathematical tools in the financial field, exploiting skills gained in general mathematics teaching, which is a propedeutic.
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.
Traditional lectures supplemented by exercises.
The course is on aulaweb.
Theory of Financial Laws. Decomposable financial lawas, 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
C. GOSIO, Matematica finanziaria classica, Bozzi, Genova 2013;
C. GOSIO - E. C. LARI, Introduzione ad alcune operazioni finanziarie in condizioni di incertezza, 2010, disponibile su Aulaweb ;
E.C. LARI - M. RAVERA, MATEMATICA FINANZIARIA Esercizi, 2 /Ed- con MyLAb+Pearson e Text , Pearson Italia, Milano –Torino , 2017
Ricevimento: Thursday 11am - 12am
CRISTINA LUIGIA GOSIO (President)
ESTER CESARINA LARI
MARINA RAVERA
MARIA LAURA TORRENTE
PIERPAOLO UBERTI
09.16.2019
FINANCIAL MATHEMATICS B
Writing examination.
The preparation of the student is assessed by a writing examination.
Attendance
