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.
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.
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-58122
Application
Application deadline was
15 October 2024.
Please note: This second application round is intended only for EU/EEA/Swiss citizens.
Submit a
late application
at Universityadmissions.se.
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.
