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Umeå University
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Financial Mathematics

  • Number of credits 7.5 credits
  • Level Master’s level
  • Starting Spring Term 2025

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.

Syllabus

Application and eligibility

Financial Mathematics, 7.5 credits

Visa tillfällen för föregående termin Spring Term 2025 Det finns inga senare terminer för kursen

The information below is only for exchange students

Starts

25 March 2025

Ends

1 May 2025

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 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

Students applying for courses within a double degree exchange agreement, within the departments own agreements will be given first priority. Then will - in turn - candidates within the departments own agreements, faculty agreements, central exchange agreements and other departmental agreements be selected.

Application code

UMU-A5812

Application

This application round is only intended for nominated exchange students. Information about deadlines can be found in the e-mail instruction that nominated students receive. The online application opens 26 August 2024 at 08:00 CET.

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.

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