Code
MUFF FIN 3009
Level
L3
Field
Finance
Language
Français/French
ECTS Credits
3
Class hours
18
Program Manager(s)
Introduction to the module
Les mathématiques financières sont aujourd’hui un outil indispensable pour la résolution d'un très grand nombre de cas réels que nous rencontrons dans notre vie quotidienne (ex.: investissements, assurances, rentes, amortissements, régimes enregistrés, marché des obligations).
Dans ce cours, on se limitera aux calculs de base des mathématiques financières : comment calculer l'intérêt simple ? Comment calculer l'intérêt composé ? L’actualisation et capitalisation, les emprunts, la rentabilité des investissements
Learning goals/Programme objectives
- LG2 Having the ability to manage uncertainty and complexity with accuracy and rigor
- LG3 Having the foundations of responsible and sustainable management
- LG5 Being open (minded) to others and to the world and looking for positive societal impact
Learning objectives/Intended learning outcomes
- 2 - Having the ability to manage uncertainty and complexity with accuracy and rigor
- 2.1 - Identify and analyze in depth problems, causes and impacts
- 2.2 - Explore solutions, decisions, and their relative and absolute impacts
- 2.4 - Implement a plan, prepare for changes, and measure the success of actions with regard to strategy and stakeholder
- 3.1 - Understand and employ basic concepts, knowledge and theories related to the discipline
- 3.2 - Apply discipline knowledge appropriately and effectively
- 5 - Etre capable d’ancrer son action dans un cadre large, ouvert aux autres et au monde et à la recherche à impact sociétal positif
Rubrics
4.3 Piloter à travers des indicateurs financiers et extra-financiers
A l'issue de ce cours, les étudiants doivent être en mesure de :
- comprendre les taux d'intérêt et savoir différencier entre les taux simple et composés
- savoir calculer les valeurs acquise et actuelle des actifs financiers (principe d'actualisation et de capitalisation)
- comprendre et savoir compléter un tableau d'amortissement
- choisir les projets rentables pour l'entreprise en utilisant la valeur actuelle nette et le taux de rendement interne
- comprendre les emprunts obligataire et savoir évaluer les obligations simples
Content : structure and schedule
4 Séances de 3h avec un cours intégré (cours magistral et exercices d'applications)
- Thème 1 : Taux d’intérêts simples et composés
- Thème 2 : Les principes d’actualisation et de capitalisation, Valeur actuelle nette, Taux de rendement interne
- Thème 3 : Prêts et emprunts sur plusieurs périodes
- Thème 4 : Les emprunts obligataires
Learning delivery
synchrone
Pedagogical methods
Les séances sont d’une durée de 3 heures et incluent cours et TD.
La pédagogie repose sur
- des apports de connaissance à travers différentes thématiques
- des applications après chaque thématique abordée pour s’assurer de l’assimilation des concepts. Les exercices seront transmis aux élèves au fur et à mesure de l’avancement du cours, ces derniers doivent les préparer et les rendre à l’enseignant.e. avant le début de la correction.
Evaluation and grading system and catch up exams
Système d’évaluation :
- Examen Final CF1 sur table
- Examen final CF2 sur table
Module Policies
Professor-Student Communication
● The professor will contact the students through their school email address (IMT-BS/TSP) and the Moodle portal. No communication via personal email addresses will take place. It is the student responsibility to regularly check their IMT-BS/TSP mailbox.
● Students can communicate with the professor by emailing him/her to his institutional address. If necessary, it is possible to meet the professor in his office during office-hours or by appointment.
Students with accommodation needs
If a student has a disability that will prevent from completing the described work or require any kind of accommodation, he may inform the program director (with supporting documents) as soon as possible. Also, students are encouraged to discuss it with the professor.
Class behavior
● Out of courtesy for the professor and classmates, all mobile phones, electronic games or other devices that generate sound should be turned off during class.
● Students should avoid disruptive and disrespectful behavior such as: arriving late, leaving early, careless behavior (e.g. sleeping, reading a non-course material, using vulgar language, over-speaking, eating, drinking, etc.). A warning may be given on the first infraction of these rules. Repeated violators will be penalized and may face expulsion from the class and/or other disciplinary proceedings.
● The tolerated delay is 5 minutes. Attendance will be declared on Moodle during these 5 minutes via a QR code provided by the teacher at each course start.
● Student should arrive on time for exams and other assessments. No one will be allowed to enter the classroom once the first person has finished the exam and left the room. There is absolutely no exception to this rule. No student can continue to take an exam once the time is up. No student may leave the room during an examination unless he / she has finished and handed over all the documents.
● In the case of remote learning, the student must keep his camera on unless instructed otherwise by the professor.
Honor code
IMT-BS is committed to a policy of honesty in the academic community. Conduct that compromises this policy may result in academic and / or disciplinary sanctions. Students must refrain from cheating, lying, plagiarizing and stealing. This includes completing your own original work and giving credit to any other person whose ideas and printed materials (including those from the Internet) are paraphrased or quoted directly. Any student who violates or helps another student violate academic behavior standards will be penalized according to IMT-BS rules.
Textbook Required and Suggested Readings
Berk J. et P. DeMarzo, Finance d’entreprise, Jonathan Berck et Peter Demarzo, 4ème édition 2018, Pearson Education.
Yann Le Fur; Pascal Quiry; Pierre Vernimmen Finance d'entreprise 2021, 19ème édition, Dalloz
Les mathématiques financières, Hamet, Joanne, 2003
Tout pour réussir en mathématiques financières, Meghraoui, Kada, Gualino, 2014
Chapitre 2 – Mathématiques financières de base : taux d'intérêt, actualisation, crédits du livre :
Finance de marché - Instruments de base, produits dérivés, portefeuilles et risques, Roland Portait , Patrice Poncet, Edition Dalloz, 2008
Keywords
Taux d'intérêt simples et composés, Valeur actuelle nette, Taux de rendement interne, amortissement in finé, annuités constantes, amoortissement constant, décisions d'investissement
Prerequisites
Les bases des mathématiques, les suites géométriques, le logarithme, les puissances