Financial Mathematics 7.5 credits

About the course

The course covers the basic mathematical theory for modeling and pricing of financial instruments in discrete and continuous time. The focus in the course is on modeling stocks and pricing of stock options leading up to the Black Scholes model, built on geometric Brownian motion. The course also covers the theory of interest rates and pricing of different interest rate instruments.

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Spring 2026
- Financial Mathematics
  
  Second admissions round for EU/EEA citizens
  
  VT26 / Umeå / English / On site
  
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  Starts
  24 March 2026
  
  Ends
  7 June 2026
  
  Number of credits
  7.5 credits
  
  Type of studies
  On site
  
  Study pace
  50%
  
  Teaching hours
  Daytime
  
  Study location
  Umeå
  
  Language
  English
  
  Application code
  UMU-58121
  
  Eligibility The course requires 90 ECTS including a course in Multivariable Calculus and Differential Equations and a basic course in Mathematical Statistics, minimum 6 ECTS. Proficiency in English equivalent to the level required for basic eligibility for higher studies. Where the language of instruction is Swedish, applicants must prove proficiency in Swedish to the level required for basic eligibility for higher studies.
  
  Selection
  Guaranteed place
  
  Application
  Online applications are now open. Application deadline is 15 October 2025. Please note: This second application round is intended only for EU/EEA/Swiss citizens.
  
  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 19,038
  
  Total fee: SEK 19,038
  
  Details about tuition, fees and funding

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Admissions to most programmes and courses typically close after the final application deadline. However, some programmes and courses may still accept late applications if seats are available. These are marked “Open for late application” on universityadmissions.se. Please note that late applications are not guaranteed to be reviewed.

More about application and admission

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