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 financial mathematics and actuarial mathematics for life insurance.

PREREQUISITES

Basic knowledge of calculus is required.

TEACHING METHODS

Lessons and exercises held by an instructor.

Students with a disability, DSA or special educational needs certification must contact, at the beginning of the lessons, both the teacher and the Department's disability contact, Prof. Serena Scotto ( scotto@economia.unige.it ), to agree on teaching and exam methods that, in compliance with the teaching objectives, take into account individual learning methods and allow the use of any compensatory tools.

SYLLABUS/CONTENT

Part I: Theory of financial laws.

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

Part III: Loans.

Part IV: Bonds.

Part V: Term structure of interest rates.

Part VI: Life insurance.

RECOMMENDED READING/BIBLIOGRAPHY

Suggested readings will be presented on Aulaweb.

TEACHERS AND EXAM BOARD

LESSONS

LESSONS START

I semester.

Class schedule

The timetable for this course is available here: Portale EasyAcademy

EXAMS

EXAM DESCRIPTION

The exam is oral and pertains both theoretical aspects and exercises.

ASSESSMENT METHODS

The student should give an oral test on both theoretical aspects and simple practical exercises.

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.

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)