The course on Financial Mathematics focuses on the mathematical properties and relations between concepts of financial and currency markets in investment and other economic activities. The course aims to enthuse confidence in participants to be able to address issues related to globalization of financial markets, development and feasibility of financial transactions, the increasing complexity of portfolio investments, analyzing and forecasting market developments etc. Students in the course will gain an in-depth understanding of advanced economics concepts as well as knowledge of how the financial and banking sectors operate.
INTENDED AUDIENCE: None
CORE/ELECTIVE: Core
UG/PG: UG and PG
PREREQUISITES: Basic Mathematics, Probability
INDUSTRY SUPPORT: Useful for most of the companies, especially for managers and persons in investment and finance sectors
1777 students have enrolled already!!
ABOUT THE INSTRUCTOR:
Dr. Pradeep K. Jha is presently working as an Associate Professor in the Department of Mechanical & Industrial Engineering at IIT Roorkee. He has been teaching the courses related to Engineering economics, manufacturing technology and theory of production processes to undergraduate and postgraduate students for more than 12 years.
COURSE LAYOUT:
Week 1 : Mathematical introduction, Growth and decay curves Week 2 : Simple interest, bank discount Week 3 : Compound interest, discrete compounding Week 4 : Compounding frequency of interest, Economic equivalence Week 5 : Method of comparison of alternatives, Project balance Week 6 : Credit and loan, Cost of credit and amortization Week 7 : Depreciation and depletion Week 8 : Breakeven analysis, Leverage Week 9 : Stocks and bonds, Valuation of stocks and bonds Week 10 : Mutual funds, Options, Cost of capital and ratio analysis Week 11 : Decision under risk &uncertainty, Risk premium, Portfolio diversification Week 12 : Life Insurance, Endowment, and annuities, Insurance policies
SUGGESTED READING MATERIALS:
• Marek Capinski and Tomasz Zastawniak, “Mathematics for Finance”, Springer.
• Ambad Nazri Wahidudin, “Financial Mathematics and its Applications”, Ventus Publishing ApS
CERTIFICATION EXAM :
The exam is optional for a fee.
Date and Time of Exams: April 28, 2019 (Sunday) Morning session 9 am to 12 noon; Afternoon Session 2 pm to 5 pm.
Registration URL: Announcements will be made when the registration form is open for registrations.
The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published.
CERTIFICATION:
Final score will be calculated as : 25% assignment score + 75% final exam score
25% assignment score is calculated as 25% of the average of Best 8 out of 12 assignments
E-Certificate will be given to those who register and write the exam and score greater than or equal to 40% final score. The certificate will have your name, photograph and the score in the final exam with the breakup. It will have the logos of NPTEL and IIT Roorkee.It will be e-verifiable at nptel.ac.in/noc.
