Babes-Bolyai University of Cluj-Napoca
Faculty of Mathematics and Computer Science
Study Cycle: Master
SUBJECT
| MMC1005 | Financial Mathematics |
| Teaching Staff in Charge |
Assoc.Prof. CHIOREAN Ioana Rodica, Ph.D., ioana cs.ubbcluj.ro |
| Aims |
|
The purpose of this course is to present the basic notions of Financial Mathematics: interest, discount, annuity, etc.
|
| Content |
|
1. Optimum and utility in financial operations.
2.Purchasing power. DevaluationInterestSimple interest 3.2Composed interestEquivalent operations under the simple and composed interest 3.4. Inflation and inflation uncontrolled fulminant 4.Discount operations4.1. Simple discount 4.2. Composed discount 4.3. Discount nominal and discount effective 5. Payment by installment 5.1. Annuities 5.2. Payments split 6. Repayment of loan |
| References |
|
1. Blaga, P., Muresan,S.A., Lupas, A., Matematici financiare si actuariale, Ed.Constant,2001
2. Filip, D.A., Calcule financiare, Ed.Dacia, Cluj, 2000, 3. Mihoc, Gh., s.a., Teoria matematica a operatiunilor financiare, Inst.de Statistica si actuariat, Bucuresti, 1959 4. Purcaru, I., Matematici financiare, Ed.Economica, Bucuresti, 1992 |
| Assessment |
|
50% seminar, 50% test paper |
| Links: | Syllabus for all subjects Romanian version for this subject Rtf format for this subject |