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LABORATORY FOR FINANCIAL APPLICATIONS

Massimiliano MENZIETTI LABORATORY FOR FINANCIAL APPLICATIONS

0212100021
DEPARTMENT OF ECONOMICS AND STATISTICS
EQF6
BUSINESS ADMINISTRATION
2022/2023

OBBLIGATORIO
YEAR OF COURSE 3
YEAR OF DIDACTIC SYSTEM 2016
SPRING SEMESTER
CFUHOURSACTIVITY
530LESSONS
MASSIMILIANO MENZIETTI T Curriculum
Objectives
1)KNOWLEDGE AND UNDERSTANDING
STUDENTS WILL HAVE MATHEMATICAL TOOLS FOR A QUANTITY APPROPRIATE APPROACH TO ECONOMIC AND FINANCIAL ISSUES TO BE ADDRESSED DURING THE DEGREE
2) APPLYING KNOWLEDGE AND UNDERSTANDING
STUDENTS WILL BE ABLE TO USE THE QUANTITATIVE TOOLS LEARNED TO UNDERSTAND AND TO RESOLVE ADVANCED PROBLEMS IN ECONOMICS AND IN FINANCIAL CHOICES.
3) MAKING JUDGEMENTS.
THE STUDENTS WILL BE ABLE TO GET A FULL ABILITY FOR PRATICAL APPLICATIONS AND CRITICAL KNOWLEDGE OF QUANTITATIVE MODELS FOR THE FINANCIAL TRANSACTIONS AND ECONOMIC ISSUES.
4) COMMUNICATION SKILLS.
THE STUDENTS WILL BE ABLE TO EFFECTIVELY COMMUNICATE TO SPECIALISED INTERLOCUTORS ON FINANCIAL AND MATHEMATIC ISSUES; TO ARGUE AND TO COMMUNICATE ITS VIEW CLEARLY AND EFFECTIVELY ON QUANTITATIVE AND ECONOMIC ISSUES.
5) LEARNING SKILLS
ON THE BASIS OF THE LEARNT TECHNIQUES, THE STUDENTS WILL BE ABLE TO FACE WITH PROBLEMS OF ECONOMIC-FINANCIAL NATURE AND TO DEEPEN THEIR COMPETENCES BY SCIENTIFIC PUBLICATIONS ON THE TOPIC AND ONLINE DATABASE.
Prerequisites
BASIC MATHEMATICAL SKILLS: DERIVATIVES, INTEGRALS, STUDY OF FUNCTIONS,
GEOMETRIC SERIES, SYSTEMS OF LINEAR EQUATIONS
Contents
FINANCIAL TRANSACTIONS. ANNUITIES AND AMORTIZATION PLANS. DISCOUNTED
ECONOMIC RESULT OF A FINANCIAL TRANSACTION. INTERNAL RATE OF RETURN.
DURATION.
Teaching Methods
LECTURES IN CLASS WITH THE BLACKBOARD.
EXERCISES HELPING STUDENTS IN IMPROVING THEIR PROBLEM SOLVING SKILLS.
Verification of learning
EVALUATION METHODS
FOR EACH EXAM SESSION, THE ASSESSMENT METHOD OF LEARNING IS DIVIDED INTO TWO TESTS: ONE WRITTEN AND ONE ORAL. THE WRITTEN TEST CONSISTS OF 4 OR 5 EXERCISES, TO BE CARRIED OUT IN AT LEAST 2 HOURS, IN WHICH THE STUDENT WILL HAVE TO CALCULATE THE CHARACTERISTICS AMOUNT OF FINANCIAL TRANSACTIONS AND / OR EVALUATE THE CONVENIENCE BETWEEN ALTERNATIVE FINANCIAL OPERATIONS.
THE ORAL EXAM, LASTING NO MORE THAN 20 MINUTES, CONSISTS IN THE EXPOSITION (ORAL AND WITH THE HELP OF WRITTEN FORM) BY THE STUDENT IN RELATION TO TWO / THREE SPECIFIC QUESTIONS PROPOSED BY THE TEACHER AND CONCERNING TOPICS OF THE PROGRAM.
Texts
SAMUEL A. BROVERMAN
MATEMATICA FINANZIARIA
EGEA
2019
More Information
DETAILED PROGRAM
1. LAWS OF FINANCIAL EQUIVALENCE: SIMPLE AND COMPOUND INTERESTS.
DEFINITION OF VALUE FUNCTION. FUNDAMENTAL QUANTITIES OF FINANCIAL MATHEMATICS. THE LAW OF SIMPLE INTERESTS AND COMPOUND INTERESTS. THE LAW OF COMMERCIAL DISCOUNT. DEFINITION OF A FINANCIAL TRANSACTION. SUM OF FINANCIAL OPERATIONS. FIXED COUPON BONDS AND ZERO-COUPON BONDS.
EQUIVALENT RATES. CALCULATION OF THE VALUE OF A FINANCIAL TRANSACTION. EQUITY OF A FINANCIAL TRANSACTION. THE DIVISIBILITY AND UNIFORMITY OVER TIME OF A FINANCIAL EQUIVALENCE LAW.
2. ANNUITIES AND AMORTIZATION PLANS.
PRELIMINARY DEFINITIONS. PRESENT VALUE AND FINAL VALUE OF TEMPORARY ANNUITIES AT CONSTANT RATE (ANTICIPATED AND DEFERRED, IMMEDIATE AND DEFERRED) AND AT VARIABLE RATE IN GEOMETRIC PROGRESSION. PERPETUAL ANNUITIES. AMORTIZATION OF A LOAN. FIXED-RATE REPAYMENT PLAN AND CONSTANT CAPITAL REPAYMENT PLAN. SINGLE REPAYMENT AMORTIZATION. PLANS WITH PRE-AMORTIZATION.
3. CHOICE BETWEEN ALTERNATIVE FINANCIAL TRANSACTIONS.
NET PRESENT VALUE CRITERION (NPV). LIMITS OF THE NPV CRITERION. INTERNAL RATE OF RETURN RATE (IRR). PROBLEM OF THE CALCULATION OF THE IRR. NUMERICAL METHODS FOR THE CALCULATION OF THE IRR.
4. TIME TO MATURITY, DURATION, VOLATILITY INDEX.
SIMPLE AVERAGE MATURITY AND DURATION WITH FLAT INTEREST RATES. CALCULATION METHOD FOR IMMEDIATE FIXED-RATE ANNUITIES AND FOR PORTFOLIOS OF SECURITIES.
INDICES OF VARIABILITY OF A PAYMENT FLOW: RELATIVE VARIATION (SEMIELASTICITY).
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