OVERVIEW

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

Exam Board

MARINA RESTA (President)

ESTER CESARINA LARI

ANTONIO LUCIANO MARTIRE

MARINA RAVERA

MARIA LAURA TORRENTE

LESSONS

LESSONS START

I sem.

Class schedule

FINANCIAL MATHEMATICS B

EXAMS

EXAM DESCRIPTION

Final test.

ASSESSMENT METHODS

The preparation of the student is assessed by a final test.

Exam schedule

FURTHER INFORMATION