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Financial Mathematics

level of course unit

first cycle, Bachelor

Learning outcomes of course unit

Students will:
learn the fundamental kinds of interest calculation, annuity and pension calculation as well as net present value calculation;
be able to apply these methods to economic problems.

prerequisites and co-requisites

not specified

course contents

This course aims to provide students with a mathematical foundation for courses in financing, teach them the skills necessary for independent mathematical formulation and solving relevant problems, and show them how to apply mathematical problem-solving strategies using computer tools.
The course will mostly cover the basics of interest calculation, consequences and series, pension and annuity calculation, present value and capital value as a basis for investment calculation, introduction to decision theory, and asset management.

recommended or required reading

Pfeifer, A.: Praktische Finanzmathematik, 5. überarb. Aufl. Frankfurt am Main, 2009.
Salomon, E., u. W. Poguntke: Wirtschaftsmathematik. 2. Aufl., Köln, 2001.
Schwarze, J.: Elementare Grundlagen der Mathematik für Wirt-schaftswissenschaftler. 8. überarb. Aufl., Herne, 2011.
Tietze, J.: Übungsbuch zur Finanzmathematik. 7. überarb. Aufl., Braunschweig, Wiesbaden, 2011.
Tietze, J.: Einführung in die Finanzmathematik. 9. überar. Aufl., Braunschweig, Wiesbaden, 2009.

assessment methods and criteria

Written exam and/or scientific paper and/or presentation

language of instruction

German

number of ECTS credits allocated

3

planned learning activities and teaching methods

Lecture, group work, presentation and task discussion

semester/trimester when the course unit is delivered

2

name of lecturer(s)

Prof. (FH) Brent Kigner, PhD

year of study

1st year

recommended optional program components

not specified

course unit code

V.QM2.2

type of course unit

compulsory

mode of delivery

In-class course

work placement(s)

not applicable