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## FINANCIAL MATHEMATICS

CODE 60065 2020/2021 9 credits during the 2nd year of 8697 Business Administration (L-18) GENOVA 9 credits during the 2nd year of 8699 Economics (L-33) GENOVA SECS-S/06 Italian GENOVA (Business Administration) 1° Semester This unit is divided into 2 sections: Prerequisites You can take the exam for this unit if you passed the following exam(s): Business Administration 8697 (coorte 2019/2020) CALCULUS FOR UNDERGRADUATED STUDENTS. 41138 Economics 8699 (coorte 2019/2020) CALCULUS FOR UNDERGRADUATED STUDENTS. 41138 AULAWEB

## OVERVIEW

 Course description The teaching proposes the study of financial transactions.

## 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

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

MARINA RAVERA

MARIA LAURA TORRENTE

## LESSONS

### TEACHING METHODS

Lectures and exercises.

Classes material is on Aulaweb.

### LESSONS START

14 September 2020

### Class schedule

FINANCIAL MATHEMATICS B

## EXAMS

Final test.

### ASSESSMENT METHODS

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

### Exam schedule

Date Time Location Type Notes
07/01/2021 09:30 GENOVA Scritto Prof.ssa Resta con accettazione online
21/01/2021 09:30 GENOVA Scritto Prof.ssa Resta con accettazione online
09/02/2021 09:30 GENOVA Scritto Prof.ssa Resta con accettazione online
03/05/2021 09:00 GENOVA Orale appello straordinario riservato esclusivamente ai laureandi a.a. 2019/20
03/06/2021 09:30 GENOVA Scritto Prof.ssa Resta con accettazione online
17/06/2021 09:30 GENOVA Scritto Prof.ssa Resta con accettazione online
02/07/2021 09:30 GENOVA Scritto Prof.ssa Resta con accettazione online
09/09/2021 09:30 GENOVA Scritto Prof.ssa Resta con accettazione online

### FURTHER INFORMATION

 Attendance Students must prove to have succesfully passed Calculus (it. “Matematica Generale”). When the student wants to take the exam he/she must fill in the on-line registration form.