TEACHING GUIDE

FINANCIAL MATHEMATICS
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GRADO EN ADMINISTRACIÓN Y DIRECCIÓN DE EMPRESAS

Q2803011B UNIVERSIDAD REY JUAN CARLOS

(INGLÉS)

ACADEMIC YEAR 2024-25

Date: 06-07-2024

Vicerrectorado de Calidad y Estrategia

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FINANCIAL MATHEMATICS
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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
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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.
Q2803011B UNIVERSIDAD REY JUAN CARLOS

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

I.- “Basic Topics. Simple Financial Lesson 1. “Fundamentals of Financial

1.1. Introduction to Financial Calculus.
Operations.” Mathematics”

1.2.The Time Value of Money

1.3. Financial Capital

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1.4.Financial Operation

1.5.Operations Classification

1.6.Theoretical Concepts

2.1. Concepts and Properties of

Lesson 2. “Financial Laws”
Q2803011B UNIVERSIDAD REY JUAN CARLOS

Financial Laws

2.2. Financial Laws Classification

2.3. Magnitudes related to the Financial

Laws

Lesson 3. “Capitalization Operations:

3.1. Simple Interest. Characteristics and
Simple and Compound Interest
Properties
Regimen”

3.2. Compound Interest. Characteristics

and Properties

3.3. Commercial Characteristics of

Capitalization Operations

Lesson 4. “Discount Operations: Simple 4.1. Simple Discount. Characteristics

and Compound Discount Regimen” and Properties

4.2. Compound Discount.

Characteristics and Properties

4.3. Commercial Characteristics of

Discount Interest

II.- “Annuities” Lesson 5. Annuities Valuation” 5.1. Annuity Concept.

5.2. Financial Value of an Annuity

5.3. Financial Annuities Classification

5.4. Ordinary Annuity and Annuity Due

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Lesson 6. “Compound Financial 6.1. Compound Financial Operation

Operations ” Concept.

.6.2. Financial Equivalence

6.3. Compound Financials Operations

Classifications

6.4. Methods of Calculation of the

Mathematical Reserve: Retrospective,
Recurrent and Prospective

6.5. Decision Criteria. NPV and IRR.

III.- “Paid off Systems. Loans” Lesson 7. “Loans ” 7.1. Loan Definition.
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7.2. Loan Magnitudes

7.3. Loan Tables and Paid off Systems

7.4. Loan Dynamic Scheme

Lesson 8. “Paid off Systems” 8.1. Paid off Systems. Classification

Q2803011B UNIVERSIDAD REY JUAN CARLOS

8.2 French Loan

8.3 American Loan

8,4 Italian Loan

8.5. Geometric Loan

8.6 Other Paid off Systems

Lesson 9. “Spanish Public Debt Market” 9.1. Spanish Public Treasury

9.2. Treasury Bills and Bonds

IV.B.-Training activities

Type Title

Problem Solving for Thematic Blocks I, II and III Reading

Financial information can be found in the financial press or on Possibility of case study workshops using the virtual classroom
websites. tools. Reading

They will be established by the lecturer on the first day of

They will be carried out throughout the academic term.
class.

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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 20

Related activities: conferences, seminars, etc. 28

Preparation of lecture classes 15

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Preparation of practices, exercises, cases studies work 45

Test preparation 12

Total student workload 180

VI.-Methodology and academic programme

Q2803011B UNIVERSIDAD REY JUAN CARLOS

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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Students work both in groups and

individually on problems whose objective
is to identify the theoretical concepts
necessary to solve them and to make
Master classes Week 1 to Week 1
presentations to the class, sharing the
conclusions reached by solving the
problem by combining theory and
practice.
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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.
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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
Percentage Period Content Way Second call
System

Throughout the
teaching period on
the date indicated
Theoretical and The exam will be Re-evaluable at
20% b y t h e I-II
practical test face-to-face second call
lecturer who
teaches the
subject

Throughout the
teaching period on
Problem Solving the date indicated
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The exam will be Re-evaluable at

and práctical 30% b y t h e I-II
face-to-face second call
cases lecturer who
teaches the
subject

On the official date

Theoretical and Re-evaluable at
20 % Ordinary call I-II-III published by the
Q2803011B UNIVERSIDAD REY JUAN CARLOS

practical test second call

university

On the official date

Re-evaluable at
Problem solving 30% Ordinary call I-II-III published by the
second call
university

The student will have to obtain at least 5 out of 10 points to pass the course in each of the four assessment tests. The final mark
will be the weighted average of each of the blocks.
The final distribution and details of the characteristics of the assessment tests will be communicated by the lecturer in the first
weeks of the academic year.
Extraordinary call: The student will sit for the extraordinary call if he/she has not passed the subject in the ordinary call.
Advance call: Students who wish to sit for the advance call for assessment will have to comply with the requirements
established in the URJC's Learning Outcomes Assessment Regulations. In the specific case of this subject, they will be
assessed by means of an exam that covers the whole syllabus of the subject.
Advance assessment: Students who wish to take the advance assessment call will have to meet the requirements established in
the University's Regulations. In the specific case of this subject, the evaluation method will be by means of an exam that will
cover the entire syllabus of the subject.
IMPORTANT NOTES
- The dates of the ordinary and extraordinary exams are OFFICIAL and are known well in advance. Once published on the
website as definitive, it will not be possible to adapt or change the date for specific students. The same criterion is followed for
exam revisions.
- In the first days of the course the lecturer will detail the methodology to be followed during the course, the timetable for tutorials,
and more specific aspects related to the assessment. Tutorials take place only during the ordinary academic period of the
course.
- For the development of the classes, the lecturer will dictate the specific rules on punctuality, participation and any other aspects
that he/she he/she deems necessary to specify. The student's permanence in the classroom is conditioned to the fulfilment of
these rules, as well as to the rules of academic conduct published on the web site:
https://www.urjc.es/images/Universidad/Presentacion/normativa/Normativa_conducta_academica_URJC.pdf
In the case that, the teacher considers that the minimum conditions for the normal development of the class do not exist, he/she
will stop the teaching activity and will inform the
the corresponding authory.
- Revisions: exam revisions will be carried out on a date between the date of the exams and the closing date set by the he

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closing date set by the University for each academic year.The review of the examination shall take place within the official
deadline set by the university. The review will take place on a single day, which will be announced at least 48 hours in advance
together with the publication of the provisional grades. 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 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 the student of
this during the course, but 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.
Q2803011B UNIVERSIDAD REY JUAN CARLOS

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)
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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
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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 4

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