English

To have already all the knowledge in the program of General Mathematics

the student will learn the theoretical elements for a correct methodological approach to quantitative finance problems in order to understand their relevant terms and characteristics; he will be able to use problem-solving techniques.

the student will be able to solve issues related to financial assessments in the economic and business environment, so that he/she can make a rational choice between several alternatives and decide the best of several options. The exercises carried out during the course aim to use theoretical tools to arrive at clear numerical evaluations.

Criticism of judgment: the student will be aware of the results obtained through the knowledge of the theoretical/technical procedures followed to achieve them; he/she will be able to formulate autonomous and objective judgements and will be able to recognize wrong or inefficient solutions in an economic-firm logic.

Communication skills: the student will learn to communicate in a simple, unambiguous and clear way the results achieved, even and especially if they are the result of complex procedures and also to people with different cultural backgrounds, in order to facilitate the exchange of information in an efficient way.

Learning skills: the student will be able to carry out the activities of financial evaluator in the business and economic field, making use of the lessons of theory and applications carried out in the computer lab, enriched by interactions with the teacher.

Financial operations. Actuarial methods for calculating interests and discounts. Effective rates. Nominal rates. Capital markets. Term structure of prices and interest rates in capital markets. Yield to maturity.

Annuities. Present value and accumulated value of an annuity. Annuities classification. Problems concerning constant annuities: determining present value, amounts to pay, number of payments, interest rate. Debt securities: bonds. Bootstrapping. Time and variability indexes.

Evaluating and selecting economic-financial projects. Selection criteria: N.P.V., Final Value, T.R.M. and I.R.R.

Amortizing a loan. Elementary approach vs. financial approach. Usufruct and bare ownership. Amortization methods. Setting-up a capital.