Financial mathematics is the branch of Mathematics that has its object the study and the solution of problems that arise in economic and commercial transactions. The deepening of their knowledge becomes imperative, in the context of mobility and activity of the wider business and financial environment, which includes tourism companies. Financial mathematics is a key tool for choosing the most appropriate way of lending and investing for companies operating in the tourism industry.

Upon successful completion of the course the student will have acquired knowledge and skills to:

• understand the time value of money, interest rates and the application of simple and compound interest techniques to financial transactions
• make calculations on loan problems and loan repayment
• understand the money and capital markets
• understand the financial implications of banking and financial transactions
• understand the methodology of financial mathematics and their importance in investment decision making.

Week 1

Fundamental financial concepts

Week 2

Money and capital markets

Week 3

Simple interest

Week 4

Discount with simple interest

Week 5

Credit securities equivalence

Week 6

Compound interest

Week 7

Cashflow patterns - Overdue payments

Week 8

Cashflow patterns- Advance payments

Week 9

Loan Types and repayment

Week 10

Mortgages

Week 11

Bonds

Week 12

Investment Decision Making

Week 13

Portfolio Theory

• Financial Mathematics, 2016, A. Kiochos, C. Beneki, P. Kiochos, Eleni Kiochou Publications.
• Basic Principles of Financial Mathematics, 2018, Nikolaos Halidias, BROKEN HILL PUBLISHERS LTD PUBLICATIONS
• Financial Mathematics, 2004, Giannis Kougias, Dimitris Georgiou, NEW TECHNOLOGIES PUBLICATIONS PRIVATE CAPITAL COMPANY

in-class lecturing

Use of ICT in teaching

Learning support through the electronic platform e-class

Use of ICT to communicate with students

Written examination

• Problem solving
• Short answer questions
• Multiple choice questions

The evaluation criteria are made known to the students at the beginning of the course.