Program Overview

Program Details

The Financial Economics II D21 program is a 7.5-credit course offered at Umeå University.

About the Course

The overall purpose of the course is to provide a more in-depth knowledge about decision-making and portfolio management under uncertainty. Several aspects related to risk management are treated, such as how to measure and quantify risk, how to make an optimal choice under uncertainty, and modern portfolio theory. Another topic covered in the course is how to price financial assets. In this context, the course covers pricing theories such as CAPM, CCAPM, and APT.

Eligibility and Selection

• Eligibility: 90 credits of which at least 7.5 credits in mathematics containing calculus, such as One-dimensional calculus 1 or Mathematical Economics I D7. Proficiency in English equivalent to the Swedish upper secondary course English 6.
• Selection: Academic Credits

Application and Tuition Fees

• Application fee: SEK 900
• Tuition fee, first instalment: SEK 12,075
• Total fee: SEK 12,075

Study Details

• Type: Course, second cycle
• Study pace: Full time
• Study location: Umeå
• Type of studies: On campus
• Language: English
• Application code: UMU-23036
• Starts: 4 December 2025
• Ends: 18 January 2026
• Number of credits: 7.5 credits
• Teaching hours: Daytime

Additional Information

Umeå University is certified as a Healthy Campus, with many initiatives that promote health and well-being. The university is also ranked #1 globally in the main categories of Living, Support, and Overall Satisfaction for international students.