TEACHING GUIDE

FINANCIAL MATHEMATICS

GRADO EN ADMINISTRACIÓN Y DIRECCIÓN DE EMPRESAS

(INGLÉS)

ACADEMIC YEAR 2023-24

Date: 12-07-2023

Vicerrectorado de Calidad y Estrategia

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I.-Subject Identification

Type OBLIGATORIA

Teaching period 1 course, 2Q semester

Nº of credits 6

Language in wich the subject is taught English

II.-Presentation

The general objective of this subject is to learn how to correctly apply the mathematical principles relating to the variation of the
value of money over time. To this end, the aim is to provide students with the necessary mathematical knowledge to enable them
to learn the fundamentals of Financial Mathematics, as well as a first approach to the study of the most common financial
operations, the analysis and description of the essential aspects of the most relevant financial operations, and the understanding
of the operation of the products and services of the current banking and stock markets. In this way, the student will be able to
interpret correctly from a financial point of view the information extracted from the resolution of the problems of Financial
Mathematics. To this purpose, the precise theoretical foundations will be established, which will be applied in the resolution of
problems through practical cases. Previous knowledge of mathematics is required.

III.-Competences

Generic competences

CI01. Ability to analyse and synthesise: analysis, synthesis, evaluation and decision-making based on relevant information
records on the company's position and potential growth.
CI05. Knowledge of information systems relating to studies: normal use of information and communications technology in all
professional work
CI06. Ability to analyse, search for and interpret information from different sources: ability to identify sources of relevant
economic data, obtain and select information that non-professionals are not capable of recognising
CI07. Ability to solve problems
CI08. Ability to make decisions
CS01. Ability to study independently.
CPR01. Practical application of knowledge.

Specific competences

CP21 . Ability to apply language and mathematical / statistical logic in the approach of an economic - business problem
CE10. Knowledge support necessary for the proper realization of learning and prior knowledge, especially Math
CP01. Domain of IT tools applied with specific character to the different matters
CP02. Ability of application of the theoretical, methodological knowledge and of the technologies acquired in the process of
formation
CP04. Ability to use tools of quantitative nature in the capture of managerial decisions
CP03. Ability to model managerial situations
CP12 . Understanding the financial operations taking place in business
CP13 . Ability to solve problems both financial valuation of funding decisions as business investment
CP14 . Mastery of computer tools applied to financial and accounting management
CP16 . Ability to evaluate the market and the environment integrated into the marketing information system
CP17 . Ability to understand the international implications of business management

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IV.-Contents

IV.A.-Syllabus

Thematic Lessons Sections

1.1. Introduction to Financial Calculus.

1.2.The Time Value of Money
Lesson 1. “Fundamentals of Financial 1.3. Financial Capital
Mathematics” 1.4.Financial Operation
1.5.Operations Classification
1.6.Theoretical Concepts

2.1. Concepts and Properties of

Financial Laws
Lesson 2. “Financial Laws” 2.2. Financial Laws Classification
2.3. Magnitudes related to the Financial
Laws

I.- “Basic Topics. Simple Financial 3.1. Simple Interest. Characteristics and
Operations.” Properties
Lesson 3. “Capitalization Operations: 3.2. Compound Interest. Characteristics
Simple and Compound Interest and Properties
Regimen” 2.3. Commercial Characteristics of
Capitalization Operations

4.1. Simple Discount. Characteristics

and Properties
4.2. Compound Discount.
Lesson 4. “Discount Operations: Simple
Characteristics and Properties
and Compound Discount Regimen”
4.3. Commercial Characteristics of
Discount Interest

5.1. Annuity Concept.

5.2. Financial Value of an Annuity
Lesson 5. Annuities Valuation”
5.3. Financial Annuities Classification
5.4. Ordinary Annuity and Annuity Due

6.1. Compound Financial Operation

Concept.
II.- “Annuities”
6.2. Financial Equivalence
6.3. Compound Financials Operations
Lesson 6. “Compound Financial
Classifications
Operations ”
6.4. Methods of Calculation of the
Mathematical Reserve: Retrospective,
Recurrent and Prospective
6.5. Decision Criteria. NPV and IRR.

7.1. Loan Definition.

7.2. Loan Magnitudes
III.- “Paid off Systems. Loans” Lesson 7. “Loans ”
7.3. Loan Tables and Paid off Systems
7.4. Loan Dynamic Scheme

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7.1. Loan Definition.

7.2. Loan Magnitudes
Lesson 7. “Loans ”
7.3. Loan Tables and Paid off Systems
7.4. Loan Dynamic Scheme

8.1. Paid off Systems. Classification

8.2 French Loan
III.- “Paid off Systems. Loans” 8.3. American Loan
Lesson 8. “Paid off Systems” 8.4. Constant Principal Repayments
(Italian Loan)
8.5. Geometric Loans
8.6 Other Paid off Systems

9.1. Spanish Public Treasury

Lesson 9. “Spanish Public Debt Market”
9.2. Treasury Bills and Bonds

IV.B.-Training activities

Type Title

Bank Customer Website: http://www.bde.es/clientebanca/

Information about the Spanish Government Securities.
Description of the Spanish Public Debt market, the main
Reading
features of these products, the auction calendar and the main
Spanish Interest Rates (EURIOBOR, EAIR, APR, IRR and so
on)

Financial Newspapers: www.eleconomista.es

Reading
www.cincodias.es www.expansion.es

Bank of Spain: www.bde.es Information on the main

Reading
publications on Statistics and Finance.

Practical / resolution of exercises Problem Solving for Thematic Blocks I, II and III

Public Treasury: www.tesoro.es Information on Spanish Public

Reading Debt Market: Treasury Bills and Bonds. Banking and Stock
Exchange Auctions

Possibility of practical workshops with the tools available in the

Others
virtual classroom

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V.-Student worload

Lecture classes 15

Pratical classes/resolution of exercises, case studies, etc. 40

Practical sessions in technological laboratories, hospitals, etc. 0

Tests 5

Academic tutorials 18

Related activities: conferences, seminars, etc. 0

Preparation of lecture classes 15

Preparation of practices, exercises, cases studies work 55

Test preparation 32

Total student workload 180

VI.-Methodology and academic programme

Type Period Content

The course will have an eminently

practical content, including the
Work placements Week 1 to Week 14 introduction of many and varied financial
problems to be developed throughout the
course on a regular basis.

On site academic tutorials. The professor

Academic Tutorials Week 1 to Week 14
will report about it.

Tests in the clasroom about the content

Tests Week 1 to Week 14
of the subject.

Presentation of the course, the teaching

guide and the syllabus. In this activity,
Master classes Week 1 to Week 1
the timetable for the development of the
course will be detailed.

Master classes Week 1 to Week 14 Lectures on the contents of topics 1 to 9.

Attendance or virtual attendance at

Seminars Week 1 to Week 14
seminars related to content.

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VII.-Assessment methods

VII.A.-Assessment weighting

Continuous ordinary assessment:

The distribution and characteristics of the assessment tests are those described below. Only in exceptional case and for special
reasons may the teacher add changes to the Guide. These changes will require the prior consultation with the Subject Head and
the prior and explicit authorisation of the Degree Programme Coordinator, who will notify the Vice-Rector?s office in charge of
Academic Affairs of the modifications made. In any case, the changes proposed must take into account the stipulations of the
verified report. In order for these changes to take effect, they must be duly communicated at the start of the course to the
students using Aula Virtual.
The combination of activities that are not re-assessable cannot exceed 50% of the subject grade and, in general, cannot have a
minimum grade (except for the case of laboratory or clinical work placements, where duly justified), and tests which exceed 60%
of the subject weighting cannot be added.
Extraordinary assessment: Students who do not manage to pass the ordinary assessment, or who did not attend, will be
subject to completion of an extraordinary assessment to verify their acquisition of the skills established in the guide, only for
activities that are re-assessable.

Description of the tests for assessment and their weights.

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The evaluation process is specified in the following table:

Evaluation System Percentage Period Content Venue

Throughout the
teaching period on the
Theoretical and The exam will take
20% date indicated by the Parts I, II and III
practical test place in the classroom.
lecturer who teaches
the subject

Throughout the
teaching period on the
Problem Solving and The exam will take
20% date indicated by the Parts I, and II
práctical cases place in the classroom.
lecturer who teaches
the subject

Throughout the
teaching period on the
date indicated by the The exam will take
Problem solving 60% Parts II and III
lecturer who teaches place in the classroom.
the subject

The minimum score to pass the subject is 5 points out 10. . Extraordinary Examination: the student will take the extraordinary
examination if he/she has not passed the subject in the ordinary examination.
****IMPORTANT: The date of the examination is an official one and is known well in advance, so once published on the web as
final cannot be adapted to change that date or for specific students. The same approach is followed for the exam reviews. The
exam review shall take place on a date between the date on which the examination is held, and the closing date set by the
University for each academic year. The review will take place on a single day, which will be announced in advance together with
the publication of the provisional grades, informing the student at least 48 hours in advance. No individual reviews will be held
for any student outside the established dates. For the purposes of the review, no personal, family or academic circumstances
justify the passing of the subject if the marks obtained show otherwise. If any student considers it appropriate for the teacher to
consider any aspect that he/she considers important because it may affect the satisfactory completion of the subject, he/she
must inform the student of this during the course and, in any case, always before the end of the classes.
In the early days of the course, the professor will detail the methodology to be followed during the course, tutorial hours, and
more specific aspects of the evaluation. Besides, the tutorial hours schedule will be throughout the teaching period (from the first
week of the course until the last week of class).

For the development of the classes, the professor will dictate specific rules on punctuality, participation and few aspects deemed
necessary to specify. The permanence of the student in the classroom is conditional upon them, as well as the rules of academic
behaviour published on the web

http://www.urjc.es/alumnos/normativa/archivos/Normativa 20academica%%% 20conducta 20URJC.pdf

If the professor believes that the minimum conditions are not met for a normal development of the class teacher stops the activity
and inform the relevant body.
- The exam revisions will be carried out on a date between the date on which the exams are held and the closing date set by the
University for each academic year. The exam revisions shall be carried out on a single day which shall be announced in advance
together with the publication of the provisional grades, always informing the student at least 48 hours in advance. No individual
reviews will be held for any student outside the established dates. For the purposes of the review, no personal, family or
academic circumstance will justify the passing of the subject if the grades obtained prove otherwise.
If any student considers it is appropriate for the teacher to take into account any aspect that he/she considers important because
it may affect the satisfactory completion of the subject, he/she must inform about that during the course and always before the
end of the course.

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VII.B. Assessment of students with an academic exemption

Student who wish to opt for this assessment will have to get an academic exemption for the subject, which they will have to
request from the Dean or Director of the Centre which teaches their course. An academic exemption may be granted where the
subjects own characteristics allow for it.

Subject with the possibility of an exemption: Yes

VII.C. Review of assessment tests

In accordance with the exam appeal regulations of the Universidad Rey Juan Carlos.

VII.D.-Students with a disability or special educational needs

Curricular adaptations for students with a disability or special educational needs will be determined by the Disabled Students
Support Department, in accordance with the regulations governing the Disabled Students Support service, approved by the
Universidad Rey Juan Carlos Council, in order to guarantee equal opportunities, inclusive treatment, universal accessibility and a
greater guarantee of academic success.

For this purpose, this Department will have to issue a curricular adaptation report, therefore students with disabilities or special
educational needs must contact the Department to analyse the different alternatives together.

VII.E.-Academic behaviour, academic integrity and honesty

The Universidad Rey Juan Carlos is completely committed to the highest standards of academic integrity and honesty.
Therefore, studying at the URJC means you accept and agree to the academic integrity and honesty values described in the
University's Code of Ethics. In order to monitor this procedure, the University has Regulations on academic behaviour at the
Universidad Rey Juan Carlos and uses different tools (anti-plagiarism, supervision?) which provides a collective assurance that
these essential values are completely developed

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VII.-Bibliography

Referecence Generic

Title: Cálculo Financiero. Teoría y Ejercicios; Author: Aparicio et al.; Publisher: Thompson-Paraninfo, (2th Edition)(2002)

Title: Principles of Finance with Excel; Author: Simon Benninga; Publisher: Oxford University Press Inc (2006)

Title: Ethics, Professional Standarts and Quantitative Methods; Author: CFA Institute; Publisher:CFA Institute (2004)

Reference literature

Title: Matemática de las Operaciones Financieras; Authors:Bonilla, María; Ivars, Antonia y Moya,Ismael; Publisher:Thomson
(2006)

Title: Curso de Matemática Financiera; Author: Miner, Javier; Publisher: Mc Graw Hill (2008)

Title: Matemática de las Operaciones Financieras.Ejercicios Resueltos; Author: Gil Peláez, L; Publisher: AC

Websites of interest:
www.tesoro.es
www.bde.es
www.excelavanzado.com
Financial newspapers:
www.eleconomista.es
www.expansion.es
www.cincodias.es

IX.-Lecturers/Teachers/Professors

Lecturer/teacher/professor´s name MARIA ELISA GARCIA ABAJO

E-mail address [email protected]

Department/field Economía Financiera y Contabilidad

Category Titular de Universidad interino

Academic qualifications Doctor

Subject Coordinator Yes

Para consultar las tutorias póngase en contacto con el/la

Academic tutorial timetable
profesor/-a a través de correo electrónico

Nº of Quinquenios 3

Nº of Sexenio 0

Nº period for technology transfer 0

Stretch Docentia 3

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