Programme Structure

The programme is very free and can, to a great extent, be composed according to your own wishes, with an emphasis on financing, econometrics, operations research or theoretical economics. Regardless of which direction you choose, the mathematical foundation will play a major role.

Do a Project in Practice or study abroad

There are good opportunities to participate in external projects and to have credit for them transferred as part of your studies. For instance, you can choose to do a Project in Practice in collaboration with a company or an institution.

It is also possible to study abroad during your degree. You can study abroad for one or two semesters or for a shorter period of time.

Master's thesis

The programme concludes with a thesis, where you work in depth with an academic problem. Often, the thesis takes its point of departure in practice, and the work is carried out in collaboration with a company in many cases.

Below you can see some examples of possible thesis topics:

• Optimum mortgage-credit portfolio planning
• Implicit volatility and realised variance
• Credit risk
• Co-integration – stable correlations in explosive processes
• Optimum route plans in large networks

The programme is structured as follows

Compulsory courses: 30 ECTS
Restricted elective courses: 30 ECTS
Elective courses: 30 ECTS
Thesis: 30 ECTS 

Restricted elective courses

Choose your restricted elective courses from the list below. Click on each course for a detailed description.

NB: The list is based on the academic year 2020/2021 and is therefore only indicative. The final list of restricted elective courses in the academic year 2021/2022 is ready in 2021.

• Advanced Probability Theory 1
• Stochastic Processes in Non-Life Insurance
• Computational Finance
• Stochastic Processes in Life Insurance
• Computational Statistics
• Monte Carlo Methods in Insurance and Finance
• Applied Operations Research
• Stochastic Integrals
• Operations Research 2: Advanced Operations Research
• Survival Analysis
• Advanced Probability Theory 2
• Continuous Time Financing
• Introduction to Extreme Value Theory
• Quantitative Risk Management
• Advanced Industrial Organizations
• Corporate Finance and Incentives
• Corporate Finance Theory
• Financial Econometrics A
• Health Economics
• Multivariate Analysis and Categorised Data (course language: Danish)
• Praktisk tidsrækkeanalyse (course language: Danish)
• Financial Accounting and Analysis (course language: Danish)
• Regression
• Continuous Time Finance 2
• Machine Learning Methods in Non-Life Insurance *
• Modern Topics in Statistics *
• Advanced Operations Research: Stochastic Programming
• Project in Statistics
• Structural Equation Models *
• Advanced Development Economics – Micro Aspects
• Economics of Banking
• Industrial Organization
• International Economics
• Miljø-, ressource- og klimaøkonomi (course language: Danish)
• Pricing Financial Assets
• Programming and Statistics using SAS (course language: Danish)
• Corporate Analysis and Equity Valuation (course language: Danish)
• Sampling Theory (course language: Danish)
• Applied Economic Forecasting (course language: Danish)

* The course is not offered in the academic year 2020/21.