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| MATH0456-1 | Financial mathematics
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| Duration : | 30h Th |
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| Holder(s) : | André Rochez |
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| Language : | Langue française |
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| Course contents : | The course includes studying interests, the equivalence principle, the capitalization principle, the present value principle, annuities and loans.
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| Course objective : | Introduction to financial capitalization principles, which will be used in simple & practical illustrations.
Learning parametrization & equation finding techniques to help solve financial problems. |
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| Prerequisites : | MQG 703 Mathematics ( or MQG 704)
MQG 716 Mathematics |
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| Organization : | - Presentation of principles illustrated by examples from the experience of the teacher
- Newspaper & magazine articles are commented in relation to current events
- A syllabus covering the theory course & exercises will be available, as well as reproduction of educational media used (transparencies)
- Some classes will be reserved for exercises in order to put into practice the methods & principles presented in class & to sink them in. |
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| Written notes : | - "An Introduction to the Mathematics of Finance", J.J. Mc Cutcheon and W.F. Scott, Department of Actuarial Mathematics and Statistics, Heriot-Watt University, Edinburg, Heinemann, London, 1987.
- "Finance Stochastique", Pierre Devolder, Editions de l'Université libre de Bruxelles, 1993.
- "Le Matif", Florin Aftalion et Patrice Poncet, Presses Universitaires de France, 1987.
- "Mathématiques Financières", A. Brown and M. ShaheeN, 1982.
- "Algèbre Financière", G. Cnapelinckx, Editions Wesmael Charlier, 1977.
- "Introduction à la Mathématique Financière", Daniel Justens, Editions De Boeck, 1987.
- "Mathématiques Financières", Pierre Bonneau, Editions Dunod, 1986.
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| Assessment : | 1st session assessment : oral examination on the comprehension of the principles and the ssimilation of the techniques
2nd session assessment : oral examination
prolonged 2nd session assessment : oral examination |
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| Contacts : | André Rochez
e-mail : Andre.Rochez@solvay.com |
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