Argomenti dell'insegnamento
Mathematics of time value of money: Students will explore the relationship between time and the value of money. Key concepts include interest rates, discounting and compounding of cash flows, present value and future value of single sums, annuities, perpetuities, and debt retirement methods. Mathematics of bond investments: Students will learn the main features and the mathematical foundations of government and corporate bonds. Key concepts include bond evaluation and pricing, determination of yield rates and rates of return, and the measurement of interest rate risk. Hints to green bonds. Mathematics of risk and return: Students will be introduced to the risk/reward trade-off of financial assets, focusing on equity instruments. Students will learn tools to analyse both historical asset returns and expected returns.

Modalità di insegnamento
Frontal lectures and frontal exercise sessions. Exercises will be solved using a standard calculator. Few examples will also be presented using Excel/R. Knowledge on the use of Excel/R is not a prerequisite and is not covered by the final assessment.

Modalità d'esame
Written exam for attending and non-attending students with theoretical review questions and numerical exercises.

Criteri di valutazione
Final mark from exam assessment (100%). Relevant for exam assessment: Theoretical knowledge of the concepts covered in class and ability to solve financial problems.