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Financial Mathematics

  • Number of credits 7.5 Credits
  • Level Master’s level
  • Starting Spring Term 2019

About the course

This course covers the basic mathematical theory of modeling and pricing financial instruments in continuous time. We focus on the modeling of stock prices and pricing of stock options in the Black Scholes model, which is based on geometric Brownian motion. The course also includes interest rate theory and the pricing of various fixed income instruments.

Application and eligibility

Financial Mathematics, 7.5 hp

Visa tillfällen för föregående termin Spring Term 2019 Det finns inga senare terminer för kursen

Starts

Lectures begin on week starting 25 March 2019

Ends

Lectures end during the week of 29 April 2019

Study location

Umeå

Language

English (upon request)

Type of studies

Daytime, 100%

Required Knowledge

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 Swedish upper secondary course English 5/A. 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 Applicants in some programs at Umeå University have guaranteed admission to this course. The number of places for a single course may therefore be limited.

Application code

UMU-58101

Application

The online application opens 17 September 2018 at 13:00 CET. Application deadline is 15 October 2018.

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

SEK900

Tuition fee, first instalment

SEK16,875

Total fee

SEK16,875

Contact us

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Course is given by
Dept of Mathematics and Mathematical Statistics
Contactperson for the course is:
Study counselor Lars-Daniel Öhman