OVERVIEW

The course presents topics in classical financial mathematics and actuarial mathematics.

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 course aims to provide good level knowledge of classical financial mathematics and actuarial mathematics for life insurance.

PREREQUISITES

Basic knowledge of general mathematics is required.

TEACHING METHODS

Lessons and exercises held by an instructor.

Students who have valid certification of physical or learning disabilities  and who wish to discuss possible accommodations or other circumstances regarding lectures, coursework and exams, should speak both with the instructor and with Professor Serena Scotto (scotto@economia.unige.it), the Department's disability liaison

SYLLABUS/CONTENT

Part I: Theory of financial laws.

Part II: Discrete certain annuities and their valuation. Notes on continuous annuities and their evaluation.

Part III: Undivided loan and creation of capital

Part IV: Loans divided into securities. Part V: Term structure of interest rates.

Part VI: Random financial operations. Notes on the choice between random financial operations. Some life insurance transactions.

RECOMMENDED READING/BIBLIOGRAPHY

Suggested readings will be presented on Aulaweb.

TEACHERS AND EXAM BOARD

Exam Board

MARINA RESTA (President)

ESTER CESARINA LARI

MARINA RAVERA

LESSONS

LESSONS START

I semester.

Class schedule

The timetable for this course is available here: Portale EasyAcademy

EXAMS

EXAM DESCRIPTION

The exam will be oral including both theoretical questions and exercises.

ASSESSMENT METHODS

The student must be prepared for an oral test consisting of both theoretical questions and simple practical exercises that the applicant can eventually solve by means of a non-graphic calculator.

Questions and exercises are assigned in such a way to cover all the program subjects. In detail, theoretical questions are aimed to evaluate the students' comprehension level of the taught subjects. On the other hand,  the exercises are thought to evaluate the students' capability  in applying the acquired competences.

Further details about how to get ready for the exam, as well as about the required level of depth for each subject will be given during classes time.

Exam schedule

FURTHER INFORMATION

Students must book the exam on the dedicated portal. The exam can be taken TWO times over three for every session (winter and summer)