Programme structure
The programme option Finance, insurance and risk has three specializations:
- Mathematical finance and energy
- Insurance
- Risk and Reliability Analysis
The first semester of the Master's programme starts with courses that gives you a foundation for further specialization towards the Master's thesis. Then the structure of the programme is divided depending on whether you want a short or a long Master's thesis.
- The short Master's thesis consists of 30 ECTS credits, and in addition you will take a total of 90 ECTS credits with courses. During the second and the third semester, courses will be chosen from the list of recommended courses for the programme option within specialization chosen. In the third semester, after consulting with your supervisor, you will define the topic for your Master's thesis, which will be finalized during the fourth semester.
- A long Master's thesis consists of 60 ECTS credits, and in addition you will take a total of 60 ECTS credits with courses. As illustration, you can start your Master's thesis already in the second semester, for an amount of 10 ECTS credits, while taking courses from the recommended list of courses within your specialization. The courses should be planned together with your supervisor. In the third semester you can take 20 ECTS credits for your work in the thesis and 10 on courses. Last semester you only work with the Master's thesis. Another example for a long thesis is to work full time on the thesis in the third and fourth semester.
Courses and Master's thesis depend on the specialization. The choice of Master's thesis is carried through in consultation with your supervisor. Please see the list of courses.
Specialization Mathematical Finance
Recommended course of study:
| 4. semester |
Master's thesis |
Master's thesis | Master's thesis |
|---|---|---|---|
| 3. semester |
Master thesis/Course |
Master's thesis/Course | Master's thesis/Course |
| 2. semester | Master's thesis/Course | Course |
MAT4750 – Mathematical Finance: Modelling and Risk Management / |
| 1. semester |
Course |
STK-MAT4710 – Probability Theory | MAT4720 – Stochastic Analysis and Stochastic Differential Equations |
| 10 ECTS credits | 10 ECTS credits | 10 ECTS credits |
Mandatory courses:
- STK-MAT4710 – Probability Theory
- MAT4720 – Stochastic Analysis and Stochastic Differential Equations
In addition, one of these:
- MAT4750 – Mathematical Finance: Modelling and Risk Management
- MAT4770 – Stochastic Modelling in Energy and Commodity Markets
Recommended courses:
- MAT4410 – Advanced Linear Analysis
- MAT4305 – Partial Differential Equations and Sobolev Spaces I
- MAT4750 – Mathematical Finance: Modelling and Risk Management
- MAT4760 – Advanced Mathematical Methods in Finance
- MAT4770 – Stochastic Modelling in Energy and Commodity Markets
- STK-MAT4700 – Introduction to Mathematical Finance and Investment Theory
- STK4060 – Time Series
- STK4400 – Risk and Reliability Analysis
- STK4500 – Life Insurance and Finance
- STK4505 – Problems and Methods in Actuarial Science
- STK4530 – Interest Rate Modelling via SPDE's
- STK4540 – Non-Life Insurance Mathematics
- STK-IN4300 – Statistical Learning Methods in Data Science
- ENERGI4010 – B?rekraftig energiomstilling
Specialization Insurance
Recommended course of study:
| 4. semester | Master's thesis | Master's thesis | Master's thesis |
|---|---|---|---|
| 3. semester | Master's thesis/Course | Master's thesis/Course | Master's thesis/Course |
| 2. semester | Master's thesis/Course | Master's thesis/Course | STK4500 – Life Insurance and Finance |
| 1. semester | STK-MAT4700 – Introduction to Mathematical Finance and Investment Theory | STK4540 – Non-Life Insurance Mathematics | STK4505 – Problems and Methods in Actuarial Science |
| 10 ECTS credits | 10 ECTS credits | 10 ECTS credits |
Mandatory courses:
- STK4500 – Life Insurance and Finance
- STK4505 – Problems and Methods in Actuarial Science (If you have taken STK3505 – Problems and Methods in Actuarial Science, you are exempted from this requirement).
- STK4540 – Non-Life Insurance Mathematics
- STK-MAT4700 – Introduction to Mathematical Finance and Investment Theory. If you have taken STK-MAT3700 – Introduction to Mathematical Finance and Investment Theory, you are exempted from this requirement. Students who previously have taken MAT2700 – Introduction to mathematical finance and investment theory (continued) is exempted, but must get it approved in the agreement for the master study.
Recommended courses:
- STK4021 – Applied Bayesian Analysis
- STK4060 – Time Series
- STK4080 – Survival and Event History Analysis
- STK4150 – Environmental and Spatial Statistics
- STK4400 – Risk and Reliability Analysis
- STK4405 – Introduction to Risk and Reliability Analysis
- STK4530 – Interest Rate Modelling via SPDE's
- STK4550 – Extreme value statistics and large devia-tions
- STK-MAT4710 – Probability Theory
- STK-IN4300 – Statistical Learning Methods in Data Science
Specialization Risk and Reliability analysis
Recommended course of study:
| 4. semester | Master's thesis | Master's thesis | Master's thesis |
|---|---|---|---|
| 3. semester | Master's thesis/Course | Master's thesis/Course | Master's thesis/Course |
| 2. semester | STK4021 – Applied Bayesian Analysis | STK4400 – Risk and Reliability Analysis | Course |
| 1. semester | Course | Course | Course |
| 10 ECTS credits | 10 ECTS credits | 10 ECTS credits |
Mandatory courses:
- STK4405 – Introduction to Risk and Reliability Analysis. (If you have taken STK3405 – Introduction to Risk and Reliability Analysis, you are exempted from this requirement).
- STK4400 – Risk and Reliability Analysis
- STK4505 – Problems and Methods in Actuarial Science (If you have taken STK3505 – Problems and Methods in Actuarial Science, you are exempted from this requirement).
Recommended courses:
- STK4021 – Applied Bayesian Analysis
- STK4060 – Time Series
- STK4080 – Survival and Event History Analysis
- STK4150 – Environmental and Spatial Statistics
- STK4500 – Life Insurance and Finance
- STK4540 – Non-Life Insurance Mathematics
- STK4550 – Extreme value statistics and large devia-tions
- STK-MAT4700 – Introduction to Mathematical Finance and Investment Theory
- STK-MAT4710 – Probability Theory
- STK-IN4300 – Statistical Learning Methods in Data Science
- ENERGI4010 – B?rekraftig energiomstilling
Department of Mathematics deadlines for Master's studies.
Published Sep. 27, 2019 1:39 PM
- Last modified Jan. 25, 2023 10:51 AM