Mathematics in business practice

Goal

To enable students to master the theoretical knowledge of the course. To introduce them to the basic concepts and principles of financial and actuarial mathematics. To develop the ability to identify and solve mathematical problems in the given areas using adequate mathematical tools. To apply knowledge to examples from everyday practice.

Additional info
  1. Introduction - Concept of interest, simple and compound interest (annual and subannual)
  2. Final and present value of multiple payments (annual, subannual, arbitrary)
  3. Financial annuities - annual, subannual and those paid at intervals longer than a year, loans - arbitrary repayments, loans
  4. Models of survival, some simple laws of mortality, mortality tables
  5. Life annuities, life insurance, net and gross premium, policy values
There are no listed course associates.
Lectures: 15
Seminars: 0
Exercises: 15
After completing the course, the student will be able to:
  1. Define the term interest, loan, credit, annuity, life insurance, policy, premium
  2. Choose appropriate mathematical methods for solving tasks in the area of loans, annuity loans, life insurance, policies
  3. Solve mathematical problems from the areas defined above and analyse the obtained solutions
  4. Application to concrete problems
Merlin e-learning system
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