"Babes-Bolyai" University of Cluj-Napoca
Faculty of Mathematics and Computer Science
| Mathematical Finance |
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| Teaching Staff in Charge |
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| Aims |
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The students will get aquainted with the basic notions of Mathematical Finance and with the specific language of this discipline. |
| Content |
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1. Optim and utility in finance mathematics.
2. Currency functions. Purchasing power. Currency devaluation. 3. Interest. 3.1. Simple interest. 3.2. Compound interest. 3.3. Equivalent transactions. 3.4. Nominal and real rate. 3.5. Financial transaction under inflation. 4. Discount. 4.1. Simple discount. 4.2. Compound discount. 4.3. Nominal and effective discount. 5. Deferred payments. 5.1. Annuities. 5.2. Fractions. 6. Repayments. |
| References |
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1. BLAGA, P., LUPAS, A., MURESAN, S.A., Matematici financiare si actuariale, Ed.Constant, Sibiu, 2001
2. FILIP, D.A., Calcule financiare, Ed.Dacia, Cluj-Napoca, 2000 3. MIHOC, Gh., Teoria matematica a operatiunilor financiare, Instit. de Statistica si actuariat, Bucuresti, 1959 4. PURCARU, I., Matematici financiare, Bucuresti, 1992 |
| Assessment |
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The final mark is composed by:
Seminar activity (1/3) Test 1 (1/3) Test 2 (1/3) |