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Learning Opportunity: Finance and insurance mathematics

Finance and insurance mathematics

Course Information

Objective(s) of a study programme:
• To develop students' ability of abstract thinking, understanding of the mathematics principles and results, ability to apply theory when solving various problems;
• To introduce the basic concepts of economics and of financial and insurance mathematics models;
• To develop students' ability to analyze and evaluate a given economic situation, risks and financial markets;
• To develop skills and competences needed in professional fields and in further studies.
Learning outcomes:
Program graduate will
1. Be able to understand abstract mathematical texts
2. Be able to use mathematical principles and logic in discussions
3. Show independence as a worker (He/She will be able to set achievable goals and manage time)
4. Be able to work in a team
5. Be able to communicate both orally and in writing using a foreign language
6. Be able to complete assigned tasks on time and as required
7. Be able to select appropriate software to solve actuarial and financial problems
8. Be able to use the World Wide Web resources
9. Be able to use several programming languages
10. Be able to understand the basic principles of insurance and use actuarial knowledge in practice
11. Be able to understand the main models of financial markets and use knowledge of financial mathematics in practice
12. Be able to understand the main economic laws and use knowledge of economics in practice
13. Be able to choose an appropriate data collection method
14. Be able to process data and understand obtained information
Activities of teaching and learning:
Traditional lectures, recitation classes, seminars complemented by case studies, problem-centered analysis, modeling, discussions, presentations, individual or group projects, portfolio creation.
Methods of assessment of learning achievements:
Oral and written tests, exams, presentations, term papers, portfolio, thesis defence
Study subjects (modules), practical training:
Total number of credits of the study field specific courses: 220.
General mathematics subjects: Mathematical Analysis; Selected Topics in Analysis, Algebra and Geometry; Probability Theory and Mathematical Statistics; Random Processes; Differential Equations; Functional Analysis; Game Theory
Economics subjects: Microeconomics, Macroeconomics, Modern Economic Thought; Econometrics
Study field subjects: Financial Calculations; Insurance Law; Investment Theory; Survival and Demographic models; Risk Management; Risk Theory; Actuarial Mathematics; Finite Population Statistics; Time Series; Life and Health Insurance Models; Foreign Language; Specialty Language; Practical Training; Bachelor’s Thesis
Optional courses:
Free choice of General University Studies (GUS) subjects (20 credits) and of several offered study field specific subjects (13 credits out of 220)
Distinctive features of a study programme:

Reference Data

Education Level:
Thematic area:
Teaching Language:
Study Type:
Access requirements: 

Minimum education - Secondary



Provider Information

Provider Name: 
Vilnius University
Provider Type: 
Provider Contact Info: 

Provider phone number: +370-5-2687000 Provider email: rastine@cr.vu.lt Provider URL: http://www.vu.lt

Qualifications Awarded

Reference Data

Qualification Awarded:
Bachelor in Financial and Actuarial Mathematics
Awarding body:

Vilnius University

Awarding body contact info:

Provider phone number: +370-5-2687000 Provider email: rastine@cr.vu.lt Provider URL: http://www.vu.lt

Course Locations

Reference Data

Course address:

Vilniaus m. sav. Vilniaus m. Universiteto g. 3