Course syllabus E15-0102-B - Financial and Insurance Mathematics (FEM - SS 2019/2020)

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University: Slovak University of Agriculture in Nitra
Faculty: Faculty of Economics and Management
Course unit code: E15-0102-B
Course unit title: Financial and Insurance Mathematics
Planned types, learning activities and teaching methods:
lecture2 hours weekly / 26 hours per semester of study (on-site method)
seminar2 hours weekly / 26 hours per semester of study (on-site method)

Credits: 6
Semester: Quantitative Methods in Economics - bachelor (required), 6. semester
Accounting - bachelor (elective), 4. semester
Business Economics - bachelor (elective), 6. semester
Level of study: 1.
Prerequisites for registration: none
Assesment methods :
- Partial written test during the semester for 30 points,
- Seminary project for 10 points,
- The final exam test for 60 points.
For the final evaluation it is necessary to obtain from a total number of 100 points:
- at least 93 points for the evaluation A, at least 86 points for the evaluation of B, at least 79 points for the evaluation of C, at least 72 points for the evaluation of D and at least 64 points for the evaluation E.
Learning outcomes of the course unit:
The student understands basic methods and calculation procedures that are used in the financial and actuarial mathematics. The student is able to apply knowledge from calculations of interest, annuities and redemption of loans and debts. Upon the completion of the course, student should be able to control mathematical principles of life insurance and to do appropriate decisions about mathematical tools for the calculation of the net premium in life and in pension insurance. By solving practical problems student achieves logical and computational skills that are applied in the practice area of finance and insurance.
Course contents:
Simple interest. Business discount and mathematical discount. Financial equivalence principle. Compouned interest. Interest rates. Continuous interest. Pensions and rents. Redemption of loans. General formulation of the role of insurance. Net premiums in personal insurance. Insurance reserve in life insurance. Gross premiums.
Recommended or required reading:
Cipra, T.: Finanční a pojistné vzorce. GRADA Publishing, 2006. 376s. ISBN 80-247-1633-X
Cipra, Tomas. Financial and insurance formulas. Springer Science & Business Media, 2010.
Huťka, V. -- Peller, F. Finančná matematika v Exceli. Vydavateľstvo IURA EDITION, 2013. 192 s. ISBN 978-80-8078-320-4
Radová, Jarmila, Petr Dvořák, and Jiří Málek. Finanční matematika pro každého. GRADA Publishing as, 2013.
Sekerová V. -- Bilíková M. Poistná matematika. Vydavateľstvo Ekonóm, Bratislava 2007. 180s. ISBN 978-80-225-2301-2
ŠOBA, Oldřich. Martin ŠIRŮČEK a Roman PTÁČEK. Finanční matematika v praxi. 1. vyd. Praha: Grada, 2013, 300 s. Partners. ISBN 978-80-247-4636-4.
Zbierka úloh z finančnej a poistnej matematiky. Vydavateľstvo: EDIS, 2015

Language of instruction: Slovak
Evaluation of course unit:
Assessed students in total: 136

26,5 %18,4 %29,4 %12,5 %13,2 %0 %
Name of lecturer(s): Mgr. Radomíra Hornyák Gregáňová, PhD. (examiner, instructor, lecturer)
doc. RNDr. Dana Országhová, CSc. (examiner, instructor, lecturer, person responsible for course)
Last modification: 22. 10. 2018
Supervisor: doc. RNDr. Dana Országhová, CSc. and programme supervisor

Last modification made by Iveta Kunová on 10/22/2018.

Type of output: