Syllabus - Analytical Finance

Programme code: RMV20
Valid from: Autumn 18 Autumn 17 Autumn 16 Autumn 15 Autumn 14 Autumn 13
Decision instance: Fakultetsnämnden
Eligibility:

Studies in Advanced Mathematics of 3 years from Upper Secondary School with a Science profile and a TOEFL test result, minimum score 575 with a TWE score of at least 4,5 (PBT) or 90 with a TWE score of at least 20 (iBT)/IELTS test result with an overall band score of minimum 6,5 and no band score below 5,5.

Registration number: 2017/2428
School: UKK
Ratification date: 2012-05-10
Revised: 2017-11-07

Outcomes

The Analytical Finance programme aims to give the programme students a good basis for work within the finance sector, to satisfy the growing need of academically educated personnel.

Knowledge and Understanding

On completion of the degree programme, independently of the main field of study, the student shall be able to:

  • demonstrate knowledge and understanding within the main field of study, including knowledge of the disciplinary foundation in the field, knowledge of applicable methods in the field, specialized knowledge in some part of the field, along with orientation in current research issues.

Aptitudes and Accomplishments

On completion of the degree programme, independently of the main field of study, the student shall be able to:

  • demonstrate the ability to search, amass and critically interpret relevant information in an issue, and also to critically discuss phenomena, problems and situations,
  • demonstrate the ability to independently identify, formulate and solve problems, and also to carry out assignments within given timeframes,
  • demonstrate the ability, orally and in writing, to account for and discuss information, problems and conclusions in dialogue with different groups, and
  • demonstrate such skills as are required to work independently within the field.

Ability to Evaluate and Assess

On completion of the degree programme, independently of the main field of study the student shall be able to:

  • demonstrate the ability to make assessments within the field, taking into account relevant scientific, social and ethical aspects,
  • demonstrate insight into the role of knowledge in society and the responsibility of human beings for how it is used, and
  • demonstrate the ability to identify his/her need of further knowledge and be able to develop his/her competence.

Language of instruction

The language of instruction is English, which includes all teaching, examination and literature.

Contents

Analytical Finance is a three-year degree programme which offers a basis in Mathematics, Economics and Business Administration. The focus of the programme is placed on real problems in working life in business and public financial activities, and the literature has been chosen to support this specialisation. Advanced financial software is used in the teaching.

Teaching on the programme consists of lectures, problem-solving lessons and seminars. During the lectures the teacher gives a short introduction to the following part of the course. During the problem-solving lesson the students, under the guidance of the teacher, solve commensurate problems. During these lessons, small groups of students can also present their solutions. The seminars are prepared by the students, in groups, selecting a relevant subject and in groups write a report on the subject, which is presented at the seminar. The student is expected to set aside non-scheduled time for group work and individual study.

The courses are examined both by written final examinations and continually during the progress of the course, in the form of, for example, seminar reports, problem-solving assignments and written tests of knowledge. Three different types of examination methods are employed: portfolio examination, seminar examination and written examination. To pass the portfolio examination the student hands in the answers to the assigned problem-solving exercises to the teacher. To pass the seminar assignment the student will write a report and orally present this at the seminar. Written tests of knowledge during the progress of the course can occur.

The programme consists of courses divided into years as indicated below.

Year 1
Mathematics/Applied Mathematics:
Mathematics for Economics and Business, 7.5 credits
Vector Algebra, 7.5 credits
Single Variable Calculus, 7.5 credits
Introduction to Financial Mathematics*, 7.5 credits

Business Administration:
Financial Accounting, 7.5 credits
Management Accounting, 7.5 credits

Economics:
Basic Microeconomics, 7.5 credits
Applied Microeconomics, 7.5 credits


Year 2
Mathematics/Applied Mathematics:
Calculus of Several Variables, 7.5 credits
Probability, 7.5 credits
Numerical Methods with MATLAB, 7.5 credits
Methods of Statistical Inference*, 7.5 credits

Computer Science:
Programming, 7.5 credits

English:
Academic English for Degree Projects, 7.5 credits

Economics:
Macroeconomic Principles, 7.5 credits
International Trade Theory, 7.5 credits


Year 3
Elective 60 credits:

Alternative 1 - Mathematics/Applied Mathematics, specialization Financial Engineering
Mathematics/Applied Mathematics:
Introduction to Stochastic Processes*, 7.5 credits
Introduction to research areas in mathematics/applied mathematics, 7.5 credits
Operations Research*, 7.5 credits
Portfolio Theory I*, 7.5 credits
Simulation*, 7.5 credits
Degree Project in Mathematics*, 15 credits

Elective 7.5 credits within alternative 2:
Mathematics/Applied Mathematics:
Analytical Finance with MATLAB*, 7.5 credits
Applied Matrix Analysis, 7.5 credits

Alternative 2 - Economics
Economics:
Macroeconomic Theory, 7.5 credits
Industrial Economics, 7.5 credits
Bachelor’s Essay in Economics, 15 credits

Elective 30 credits within alternative 3:
Economics:
Finance, 7.5 credits
Intermediate Microeconomics, 7.5 credits
Econometrics, 7.5 credits
Labour Economics, 7.5 credits

Mathematics/Applied Mathematics:
Portfolio Theory I, 7.5 credits

* The course contributes to fulfill the degree requirements of at least 30 credits within the main field of study Mathematics/Applied Mathematics with Specialization in Financial Engineering for students who wish to apply for a Bachelor of Science in Mathematics/Applied Mathematics with Specialization in Financial Engineering.

Choices within the program

After two years of study the students choose to study Mathematics/Applied Mathematics with specialization in Financial Engineering, or Economics.

University degree

The degree programme is so designed that the studies will lead towards fulfilment of the requirements for one of the following degrees:

  • Bachelor of Science in Mathematics/Applied Mathematics with Specialization in Financial Engineering. The examination requirements for this degree are fulfilled if the studies are completed according to year 1 and year 2 along with alternative 1 for year 3.
  • Bachelor of Science in Economics. The examination requirements for this degree are fulfilled if the studies are completed according to year 1 and year 2 along with alternative 2 for year 3.
If the programme contains elective or optional components, or if a student chooses not to complete a certain course, the choices made can affect the possibility of fulfilling the degree requirements. For more information about degrees and degree requirements, consult the local degree regulations which are published on the University website.