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Financial Mathematics

  • Number of credits 7.5 Credits
  • Level Master’s level
  • Starting Spring Term 2021

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

Det finns inga tidigare terminer för kursen Spring Term 2021 Det finns inga senare terminer för kursen

Starts

24 March 2021

Ends

2 May 2021

Study location

Umeå

Language

English

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

Application deadline was 15 October 2020. Please note: This second application round is intended only for EU/EEA/Swiss citizens. Submit a late application at Universityadmissions.se.

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

SEK17,850

Total fee

SEK17,850

Contact us

Please be aware that the University is a public authority and that what you write here can be included in an official document. Therefore, be careful if you are writing about sensitive or personal matters in this contact form. If you have such an enquiry, please call us instead. All data will be treated in accordance with the General Data Protection Regulation.

Contact person for the course is:
Study counselor Lars-Daniel Öhman