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., 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	
Bibliography	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