Advanced Topics with Applications


Recommended prerequisite for participation in the module

The module builds on knowledge obtained by the modules on the 2nd semester (Mathematics-Economics).

Content, progress and pedagogy of the module

Students who have completed the module meet the following criteria concerning at least one central area within mathematics-economics:

Learning objectives


  • have expert understanding of relevant theories and methods within one of the main areas Financial Engineering or Operations Research

  • knowledge of one or more applications of the theories within the scope of the first two semesters of the degree programme (for example, arbitrage theory and asset pricing, mean-variance analysis, martingale pricing, volatility analysis, quantitative risk management, operations management, project management, business intelligence , supply chain management, or data mining)


  • must be able to identify, formulate and analyse a scientific problem independently, systematically and critically

  • must be able to relate the problem to either the financial engineering subject area or the operations research subject area

  • must be able to independently make and justify the choice of theories and methods

  • must be able to communicate research-based knowledge and discuss the professional and scientific problems to peers inside and outside of mathematics and economics


  • must be able to control work and development situations which are complex, unpredictable and require new models within financial engineering or within operations research

  • must be able to initiate and complete collaborations within financial engineering or operations research, and if relevant also other interdisciplinary collaborations, as well as assume professional responsibility

  • must be able to independently assume responsibility for own professional development and specialisation

Type of instruction

Projekt work including PBL elements.

Extent and expected workload

This is a 20 ECTS project module and the work load is expected to be 600 hours for the student.



Name of examAdvanced Topics with Applications
Type of exam
Oral exam based on a project
Assessment7-point grading scale
Type of gradingInternal examination
Criteria of assessmentThe criteria of assessment are stated in the Examination Policies and Procedures

Facts about the module

Danish titleVideregående emner inden for matematik-økonomi med anvendelser
Module codeK-MØK3-PRO20
Module typeProject
Duration1 semester
Language of instructionDanish and English
Empty-place SchemeYes
Location of the lectureCampus Aalborg
Responsible for the module


Education ownerMaster of Science (MSc) in Mathematics-Economics
Study BoardStudy Board of Mathematical Sciences
DepartmentDepartment of Mathematical Sciences
FacultyThe Faculty of Engineering and Science