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Objectives and competences

The objective is to provide fundamental theoretical knowledge and practical skills of financial and actuarial mathematics. The objective is also to enable the students for additional learning and individual study of new methods. Predvideni

Content (Syllabus outline)

Financial mathematics: Foundations Theory of interest rates Simple interest Nominal and effective rates of interest Relative and conformal rates of interest The force of interest Continuous compounding Valuing cash flows Annuities and loans Varying annuities Financial instruments Actuarial mathematics: Probability models Life tables Life insurance Endowment insurance Net premiums Life annuities Commutational functions Mathematical reserves

Learning and teaching methods

Lectures, technical demonstration, active work, seminary work

Intended learning outcomes - knowledge and understanding

Knowledge and Understanding: Fundamental theoretical knowledge and practical skills of financial mathematics and actuarial work. Transferable/Key Skills and other attributes: Capabilitiy of understanding and application of knowledge in praxis. Ability of additional learning and individual study of new methods.

Intended learning outcomes - transferable/key skills and other attributes

Transferable/Key Skills and other attributes: Capabilitiy of understanding and application of knowledge in praxis. Ability of additional learning and individual study of new methods

Readings

Obvezna študijska literatura (Compulsory textbooks): 1. Marovt J., Breznik K., Praktikum iz poslovno-finančne matematike, FNM, Maribor, 2014. 2. Marovt J., Aktuarski pristop k vrednotenju netveganih sredstev, FNM, Maribor, 2014. 3. Gerber H.U., Matematika življenjskih zavarovanj, DMFA, Zavarovalnica Triglav, Ljubljana, 1996. Dodatna študijska literatura (Additonal textbooks): 1. McCutcheon J.J., Scott W.F., An Introduction to the Mathematics of Finance, Institute of Actuaries and the Faculty of Actuaries, Edinburgh, 1985 2. Hull J., Options, futures, and other derivative securities, Prentice-Hall, Englewood Cliffs, New Jersey 3. Bowers N.L., Gerber H.U., Hickman J.C., Jones D.A., Nesbitt C.J., Actuarial Mathematics, Itasca, USA, 1986.

Prerequisits

There are none.

  • red. prof. dr. JANKO MAROVT

  • Written examination: 45
  • Written examination: 30
  • Written examination: 15
  • Seminar paper: 10

  • : 60
  • : 30
  • : 90

  • Slovenian
  • Slovenian

  • MATHEMATICS - 3rd