UNIVERSIDAD DE ESPECIALIDADES ESPIRITU SANTO
FACULTAD DE ESTUDIOS INTERNACIONALES
SYLLABUS
FOR DAC 11 VER 17 01 07
COURSE: FINANCIAL MATHEMATICS - UFIN 220
FACULTY: Ian Echeverría
ACADEMIC UNITS/CREDITS: 3 UEES (S.N.C.C. 4.8)
PRE REQUISITES: CALCULUS I
CONTACT HOURS: 48
SCHEDULE: 19:25-20:45
BIMESTER: SPRING I, 2008
DAYS: MON - THRUS
ROOM: F 27
NON-CONTACT
HRS:
96
1. COURSE DESCRIPTION
THIS COURSE WILL HELP STUDENTS TO UNDERSTAND THE CONCEPT OF TIME
VALUE OF MONEY AND LEARN TO HANDLE TIME LINES AS A TOOL TO VISUALIZE
AND ANALIZE FINANCIAL PROBLEMS
2. OBJECTIVES
a. GENERAL.
LEARN TO DEFINE A SERIES OF CONCEPTS, SUCH AS INTEREST, PRESENT
VALUE, FUTURE VALUE, INTEREST RATE, TIME OR PAYMENT PERIOD, AND TO
CALCULATE SIMPLE INTEREST, CONPOUND INTEREST AND CONTINIUOS
CAPITALIZATION METHODS SUCH AS: ANNUITIES, AMORTIZATION AND BONDS.
b. SPECIFIC
- UNDERSTAND THE CONCEPTS OF TIME VALUE OF MONEY
- UNDERSTAND THE CONCEPT OF INTEREST
- UNDERSTAND THE CONCEPT OF SIMPLE INTEREST
- UNDERSTAND AND APPLY THE CONCEPTS OF COMPOUND INTEREST
- UNDERSTAND AND APPLY THE CONCEPTS OF ANNUITIES.
3. COURSE CONTENT OUTLINE
DATE &
SPECIFIC
CONTENT
SESSION COMPETENCES
MAY 5
Demonstrates the Introduction
previous
Basic Ratios,
knowledge of
proportions,
algebra and
depreciation,
business math.
Commercial
Discounts, Cash
payment
discounts,
Retailing price
MAY 6
Differentiate all
Percentages,
types of interest
Interest rates,
rates and the
Structure of
NON-CONTACT
HOURS
Read Math smart
for business:
Percentages,
ASSESSMENT
OE
structure
MAY 7
MAY 8
MAY 12
MAY 13
MAY 14
MAY 15
MAY 19
MAY 20
MAY 21
MAY 22
May 26
MAY 27
Probes the
understanding and
application of Time
Value of money
and simple interest
Interest rates.
The time value of
Money
Introduction to
Simple Interest
The simple
interest amount
Real & commercial
Interest
Exact & aprox time
calculations
Promisory notes
and commercial
paper
Present value of a
Debt
convertions &
indexes
1 hours
Reading & prepare
to class
Pag 1-35
OE
2 hours
Quiz
WE
Study 2 hours
Reading & prepare
to class
Pag 35 - 55
1 hour
Applies the Simple Equations of value Quiz
interest theory to
Study 2 hours
equation of value
Differentiate
Simple Discount,
Reading & prepare
Simple Interest
Simple discount
to class
and Simple
with simple
Pag 65 - 101
discount, Interest interest
2 hours
rates and
discounts rates
Simple Discount
with a discount
rate
Discount on
Commercial paper
Partial payments
Reading & prepare
Commercial Rule to class
Pag 55 - 63
1 hour
Banking Rule
Homework 5 hours
Quiz
Study 2 hours
Differentiates
Compound
Reading & prepare
Simple Interest
Interest
to class
and Compound
Compound
Pag 103 - 191
Interest
Amount
3 hours
Demonstrates the Present value,
Homework
ability to apply
Interest calculation 5 hours
Compound interst
OE
WE
OE
OE
Presentation
WE
OE
Presentation
formulas
MAY 28
Continios
Compounding,
Nominal &
effective Interest
rates
Time & interest
rates calculations
Equivalent time
Equations of value
MAY 29
JUN 2
Quiz
Study 2 hours
Project (research
and make a paper)
WE
Presentation
Research: reading
at least 20 pages
15 hours
JUN 3
Recognizes an
annuity situation,
and compute
present values
and future values
with annuites
JUN 4
JUN 4
JUN 5
JUN 9
JUN 10
JUN 11,
12
JUN 16,
17
Applies Annuity
and compound
interest formulas
to Differed
annuities
Introduction to
Reading & prepare
annuities
to class
Ordinary annuities Pag 71 – 114
Schaum Outline
4 hours
OE
Amount & present
value of an
annuity, The
periodic payment
Interest rate
Aproximation
Midterm
15 hrs study
Due Annuitites,
Deffered
Annuities,
Perpetuities
Reading & prepare
to class
Pag 249 – 313
4 hours
OE
Mixed annuities
Quiz
Study 2 hours
WE
Homework
6 hours
Amortization &
Reading & prepare
amortization fund to class
Amortization of a
Pag 315 - 345
Debt
Pag 124 – 143
Amortization Chart Schaums Outilne
Interest on the
value of an asset
2 hours
Project (Excel
research and
Presentation
OE
Presentation
JUN 18,
19, 23
JUN 24
purchased
application)
Debt consolidation
10 hours
Amortization Fund Reading & prepare
Depreciation
to class
Pag 345 – 367
Pag 180 - 194
2 hours
Final Exam
15 hours
OE
4. METHODOLOGY
STUDENTS WILL BE REQUIRED TO READ ALL THE PRESCRIBED TEXTS & CASE
STUDIES PRIOR TO CLASS. EXERCISES EXAMPLES IN CLASS WILL BE DEVELOPED
BY THE TEACHER AND STUDENTS. HOMEWORK WILL BE ASSIGNED AND
EVALUATED. EXAMINATION, QUIZZES AND CLASS WORK.
5. ASSESMENT
QUIZZES 25%
HOMEWORK 25%
MIDTERM 25%
FINAL EXAM 25%
6. BIBLIOGRAPHY
6.1. REQUIRED
MATHEMATICS OF FINANCE
6.2. COMPLENTARY
MATHEMATICS OF FINANCE (SCHAUMS OUTLINE)
7. FACULTY INFORMATION
NAME: IAN ECHEVERRIA
ACADEMIC CREDENTIALS-UNDERGRAD:
INGENIERO EN CIENCIAS EMPRESARIALES – UEES
GRADUATE:
MASTER COMERCIAL INTERNACIONAL – IEB
DIPLOMADO EN FINANZAS - UEES
EMAIL: ian@unicargo.net
Prepared by: Ian Echeverria
Date: MAY 8, 2008
Reviewed by: Dean Mónica Reynoso
Date: May 8,2008