### Info

Level | Master |
---|---|

Language | English |

Duration | 2 years |

Type | Fulltime |

Credits | 120 EC |

Faculty | Faculty of Science |

The field of Stochastics covers the areas of science that are concerned with processes in which chance plays a central role.

Usually the field is subdivided into Statistics, Probability Theory and Stochastic Operations Research. Financial Mathematics is an important field of applications of stochastics. The mathematical point of view for questions in finance has its own virtue and is an interesting subject of research. In view of the relevance of the numerous areas of research in which stochastics is applied, and in view of the reach of these areas of research and their challenging theoretical problems, this master offers a broad spectrum of possible specializations. The theoretically inclined, as well as the more applied master student, will have the possibility to choose a program adapted to his/her personal interests.

Course Name | Period | Credits | Code |
---|---|---|---|

Interest Rate Models | P1+2 | 6EC | X_418091 |

Portfolio Theory | P1+2 | 6EC | X_400535 |

Stochastic Processes for Finance | P1+2 | 6EC | X_400352 |

Computational Finance | P4 | 6EC | XMU_418045 |

##### Description

• at least 12 EC (at least two out of four) from the Financial

Mathematics courses:

- Computational Finance (XMU_418045, 6 EC)

- Interest Rate Models (X_418091, 6 EC)

- Portfolio Theory (X_400535, 6 EC)

- Stochastic Processes for Finance (X_400352, 6 EC)

• at least 12 EC (at least two out of eight) from the Advanced SFM list:

- Discrete Choice Analysis: Theory and Application (XMM_0014, 8 EC)

- Interest Rate Models (X_418091, 6 EC)

- Percolation: from Introduction to Frontiers of Current Research

(XMM_0012, 8 EC)

- Portfolio Theory (X_400535, 6 EC)

- Queues and Levy Fluctuation Theory (XMU_0002, 6 EC)

- Statistical Theory for High- and Infinite-Dimensional Models

(XMM_0008, 8 EC)

- Statistics for High-Dimensional Data (X_405113, 6 EC)

- Statistics for Networks (X_405110, 6 EC) (2018-2019)

• the rest of the 120 EC can be chosen from the list of suggested

courses below: