## Babes-Bolyai University of Cluj-Napoca Faculty of Mathematics and Computer Science Study Cycle: Master SUBJECT

 Code Subject MMC1005 Financial Mathematics
 Section Semester Hours: C+S+L Category Type Applied Mathematics 4 2+2+0 speciality optional
 Teaching Staff in Charge
 Assoc.Prof. CHIOREAN Ioana Rodica, Ph.D.,  ioanacs.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