Università degli Studi di Napoli "Parthenope"

Teaching schedule

Academic year: 
2016/2017
Belonging course: 
Course of Master's Degree Programme on MANAGEMENT AND BUSINESS FINANCE
Location: 
Napoli
Disciplinary sector: 
MATHEMATICAL METHODS OF ECONOMY, FINANCE AND ACTUARIAL SCIENCES (SECS-S/06)
Credits: 
6
Year of study: 
1
Teachers: 
Dott.ssa MARINO ZELDA
Cycle: 
First Semester
Hours of front activity: 
48

Language

Course description

The aim of the course is to provide students with the basics of financial mathematics for the evaluation of financial contracts.

Prerequisites

Contents of calculus.

Syllabus

The Basic theory of interest: Principal and Interest. Present Value. Present and future values of streams. Internal Rate of return. Evaluation criteria. Application.
Fixed-Income securities. The market for future cash. Value formulas. Bond details. Yield. Duration. Immunization. Convexity.
The term structure of interest rates. The yield curve. The term structure. Forward Rates. Term structure explanations. Expectations Dynamics. Running present value. Floating rate bonds. Duration. Immunization.

Teaching Methods

Textbooks

For students who speak Italian, the main reference is represented by the following books
G. Catellani, M. De Felice, F. Moriconi, Manuale di finanza, Vol. I: Tassi d'interesse, Mutui e obbligazioni, ed. Il Mulino

otherwise

D. G. Luenberger, Investment Science, Oxford University Press.

Learning assessment

More information