1)Dr. Rosen Nikolaev, 2)Prof. Sava Grozdev, 3)Ms. Bogdana Koneva,
3)Prof. Maria Shabanova, 3)Dr. Nina Patronova
1) Varna University of Economics - Bulgaria
2) University of Finance, Business Entrepreneurship
3) Northern (Arctic) Federal University named after M.V. Lomonosov
Abstract. Improving financial literacy for all segments of the population is a global problem which solving is aim of many international and national projects. It is not possible to find a sufficient solution without drawing attention to mathematical methods for adequate understanding and assessment of financial situation and taking optimal decisions. This is the goal of the Olympiad, established by two Bulgarian universities: the Higher School of Insurance and Finance (VUZF) in Sofia and the Economics University in Varna. Russia participated in the 2018-2019 edition of the Olympiad for the third time. This paper presents the Olympiad task solutions and gives information about the solution difficulties faced by the students. The authors hope that this information will be helpful for Olympiad questions developers and the participants’ coaches.
Keywords: financial literacy; Olympiad; mathematical methods; financial mathematics; actuarial mathematics
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