Stochastic Processes

Education facts

Code: MMA701

<p>Stoshastic processes play a key role in analytical finance and insurance, and in financial egineering. The course presents the basic models of stochastic processes such as random walks, Markov chains, Poisson processes, Brownian motions and diffusion processes, elements of stochastic calculus and stochastic differential equationas as well as simulation of stochastic processes. The presentation of the theory will be illustrated by many examples representing aplications in asset pricing, porfolio analysis as well as pricing of options and other derivatives. </p>

Entry requirements

At least totally 120 credits in the engineering, natural sciences, business administration or economics areas including Probability 7.5 credits, of which 4.5 credits must be completed at the beginning of the course and Basic Calculus Continuation Course, 7.5 credits, of which 1.5 credits must be completed at the beginning of the course, or the equivalent. In addition Swedish course B/Swedish course 3 and English course A/English course 6 are required. For courses given entirely in English exemption is made from the requirement in Swedish course B/Swedish course 3.

Education offerings

Each offering has its own dates and conditions. Closed offerings are retained as history and do not mean that a new application is open.

• Stochastic Processes

  Mälardalen University

  Start date: 1 September 2025

  End date: 9 November 2025

  Pace of study: 50 %