Financial Mathematics

By Prof. Pradeep Kumar Jha | IIT Roorkee

Learners enrolled: 1519

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 : Interested Learners

PREREQUISITES : Basic Mathematics, Probability

INDUSTRY SUPPORT : Useful for most of the companies, especially for managers and persons in investment and finance sectors

Summary

Course Status :	Completed
Course Type :	Elective
Duration :	12 weeks
Category :	Mechanical Engineering
Credit Points :	3
Level :	Undergraduate/Postgraduate
Start Date :	18 Jan 2021
End Date :	09 Apr 2021
Enrollment Ends :	01 Feb 2021
Exam Date :	25 Apr 2021 IST

Note: This exam date is subject to change based on seat availability. You can check final exam date on your hall ticket.

Page Visits

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

Books and references

Marek Capinski and Tomasz Zastawniak, “Mathematics for Finance”, Springer.
Ambad Nazri Wahidudin, “Financial Mathematics and its Applications”, Ventus Publishing ApS

Instructor bio

Prof. Pradeep Kumar Jha

IIT Roorkee

Dr Pradeep K. Jha is presently working as Associate Professor in the Department of Mechanical & Industrial Engineering at IIT Roorkee. He has been teaching the courses related to manufacturing technology and theory of production processes to undergraduate and postgraduate students for more than 12 years. He is actively involved in research work related to production processes, tundish steelmaking process, mold solidification in continuous casting etc.

Course certificate

The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.
The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).
Date and Time of Exams: 25 April 2021 Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.
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. If there are any changes, it will be mentioned then.
Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.

CRITERIA TO GET A CERTIFICATE

Average assignment score = 25% of average of best 8 assignments out of the total 12 assignments given in the course.
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

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.

Only the e-certificate will be made available. Hard copies will not be dispatched.

Once again, thanks for your interest in our online courses and certification. Happy learning.

- NPTEL team

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