Courses – Fakultet tehničkih nauka u Novom Sadu

Subject: Actuarial mathematics (17.IM1715)

Native organizations units: Department of Environmental Engineering and Occupational Safety and Health, Chair of Environmental Engineering

Type of studies	Title

General information:

Category	Professional-applicative
Scientific or art field	Teorijska i primenjena matematika
Interdisciplinary	Yes
ECTS	4

Educational goal:

Enabling students to develop abstract thinking and acquire basic knowledge in the field of financial and actuarial mathematics. The aim of this course is to develop a special way of thinking by using basic principles of the financial and actuarial mathematics. The knowledge they gain is a basis for a better understanding other professional courses and for a successful continuation in studies.

Educational outcome:

The acquired knowledge is used in further education and in engineering subjects and the students are able to practically apply the knowledge of financial and actuarial mathematics without memorization and use of formulas which frequently appear in different course books

Course content:

Lectures (Theoretical part): Percentage calculus and simple interest calculus. Probability of life and death of a person. Term insurance. The insurance of capital, annual insurance premium. Practice classes (practices): are devoted to doing suitable examples which provide additional practice for the material covered at lectures and thus contribute to better understanding of the material.

Teaching methods:

Lectures, numerical calculation practice and consultations. Lectures are dynamic and interactive. In lectures, theoretical part of the course is taught followed by characteristic and typical examples for better understanding. In practices, which accompany lectures, typical problems are solved and knowledge from the lectures is deepened. Besides lectures and practice, consultations and group tutorials are held on a regular basis. Part of the course, presenting a logical whole, can be taken as partial examination during the course in the form of the following 2 modules (the first module: Financial mathematics , the second module: Actuarial mathematics.)

Literature:

Authors	Title	Year	Publisher	Language
Dr Jelena Kočović	Aktuarske osnove formiranje tarifa	2004	Centar za izdavačku delatnost, Ekonomski fakultet Beograd	Serbian language
Dr Jelena Kočović i Dr Tatjana Rakonjac-Antić	Zbirka rešenih zadataka iz finansijske i aktuarske matematike	2005	Centar za izdavačku delatnost, Ekonomski fakultet Beograd	Serbian language

Knowledge evaluation:

Course activity	Pre-examination	Obligations	Number of points
Test	Yes	Yes	10.00
Theoretical part of the exam	No	Yes	40.00
Lecture attendance	Yes	Yes	5.00
Exercise attendance	Yes	Yes	5.00
Written part of the exam - tasks and theory	No	Yes	30.00
Test	Yes	Yes	10.00