Key words
Financial Mathematics, Financial Algebra, IWETO-code: S181 Financial Sciences
Objectives
- Knowledge, skills and attitudes concerning annuities, loans, schemes of redemption, purchase prices and annual bonuses of capitals living/dying and annuities
- Independently search for, interpret and assimilate data and contractual stipulations concerning financial activities
Topics
- Simple interest and discount
- Compound interest and discount
- Interests of equal value
- Possible to pay simple and compound interest in advance
- Specific and average due date of separate debts and annuities debts
- Annuities and deducted problems
- Redemption and premature repayment of current types of loans
- Basic knowledge of insurance mathematics
Prerequisites
Basic knowledge of mathematics from secondary education in relation to solving of equations, knowledge of the preference rules concerning adding up, subtracting, multiplying, dividing, making involutions and defining square roots.
Practical usage of the calculator when performing all these operations.
Final Objectives
Knowledge
Job-related (specific):- Knowledge of technical terminology
- Knowledge of financial mathematics: calculation of interest, annuities, output, …
Skills
General:- Thinking and reasoning power
- Working independently
Job-related (general):- Handling numerical data
- Thinking logically
- Insight in complex situations
Job-related (specific):- Ability to handle mathematic tables that determine the risk quantitatively· Ability to calculate the financial consequences of various approaches
- Ability to come to conclusions quickly
Attitudes
General:
Job-related (general):- Neatness and tidiness
- Result-oriented
Job-related (specific):- Eagerness to work with numerical data
Materials used
- Educational materials
- Handbook Financial Mathematics by F. Vermeulen and C. Sys.Exercises on Dokeos.
Study costs
Market price of handbook.
Copies at the unit price determined under Hogeschool rules.
Study guidance
Individual learning problems can always be reported to the lecturer and will be remedied.
Steering and coaching of students during guided self-study.
Teaching Methods
Question-and-answer alternated with practical exercises and supplemented with enforced and in class discussed exercises.
During the guided self-study students can be asked to go deeply into and present topical subjects independently.
Assessment
- First exam session: continuous assessment 20% and written exam 80%
- Second exam session: written exam 100%
Students only enrolled for taking the exams:- First exam session: written exam 100%
- Second exam session: written exam 100%
Lecturer(s)
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