Financial Economics 7.5 credits

About the course

The course provides an introduction to the field of financial economics with a focus on the open economy. Short- and long-term relationships between money supply, price levels, interest rates, and exchange rates in an open economy are analyzed. The interest rate parity condition and monetary policy in an open economy with fixed and floating exchange rates are discussed. Subsequently, various interest-bearing instruments are examined. Concepts central to the valuation and management of financial assets, such as the fundamental relationship of the money market and the relationship between interest rates and maturities, are covered.

The course also covers stocks and their valuation. In connection with this, the efficient market hypothesis is presented, along with how behavioral economics can influence investors' decisions. Additionally, an introduction to modern portfolio theory is provided, including Markowitz's portfolio selection model and the CAPM model.

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Spring 2027
- Financial Economics
  
  Offered as a part of a Degree programme
  
  VT27 / Umeå / English / On site
  
  Application opens 15 September 2026
  
  Save education at universityadmissions.se
  
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  Starts
  3 May 2027
  
  Ends
  6 June 2027
  
  Number of credits
  7.5 credits
  
  Type of studies
  On site
  
  Study pace
  100%
  
  Teaching hours
  Daytime
  
  Study location
  Umeå
  
  Language
  English
  
  Application code
  UMU-2N00P
  
  Eligibility
  
  30 credits in economics and Mathematics 3b/3c or Mathematics Further level 1b or 1c or equivalent. Proficiency in English equivalent to the Swedish upper secondary course English 6/level 2.
  
  Selection
  
  Guaranteed admission for students at SGIEK, SYCEK, SGSAV.
  
  Application
  The online application opens 15 September 2026 at 09:00 CET. Application deadline is 15 October 2026.
  
  Application and tuition fees
  As a citizen of a country outside the European Union (EU), the European Economic Area (EEA) or Switzerland, you are required to pay application and tuition fees for studies at Umeå University.
  
  Application fee: SEK 900
  
  Tuition fee, first instalment: SEK 12,075
  
  Total fee: SEK 12,075
  
  Details about tuition, fees and funding

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