Post-Masters Certificate in Financial Economics and Risk Management

The Post-Masters Certificate in Financial Economics and Risk Management has a sequence of three courses that provide marketable training in financial economics and risk management.  The curriculum includes a project for the duration of the sequence where by the end of the three courses, you will have designed and implemented a risk management program or financial engineering application.

Admission Requirements

Two things are needed to qualify for this program.  First, you would need a Masters in Economics or a related field, and second, you'll need to meet the admission requirements for the M.S. in Quantitative Economics degree.

Program Completion Time

This certificate is based on a sequence of three three-unit graduate courses for a total of nine credits, which would require enrollment for three terms, Fall, Winter, and Spring.  This runs from early September through mid-May, a period of just under nine months.

Courses

Econ 543 - Financial Economics 1:  Introduction to Financial Economics

This course is an introduction to and study of the theory and practice of financial economics and financial engineering.  Topics include an overview of financial markets and instruments, mechanics of derivative contracts, fundamentals of interest rates and discounting, principles of valuation, and applications to hedging and risk management.

Learning outcomes for this course

Familiarity with the theory of Financial Economics

  • Develop subject matter knowledge in Financial Economics
  • Develop and apply computer programming skills
  • Examine financial innovations and applications
  • Enhance written and oral presentation skills

Econ 544 - Financial Economics 2:  Theory and Practice of Derivatives

This course is the second course on financial economics.  Topics include the theory of derivatives valuation, numerical techniques used to value derivatives and implement hedging programs, interest rate modeling, market risk management and Value at Risk.

Learning outcomes for this course

Familiarity with the mechanics and valuation of financial derivatives contracts

  • Apply statistical techniques and data analysis techniques
  • Develop ability to apply mathematical skills
  • Further develop computer programming skills
  • Further enhance written and oral presentation skills

Econ 545 - Financial Economics 3:  Risk Management for Financial Institutions

This course is the third course on financial economics.  Topics include credit risk management, enterprise risk management for financial institutions, financial regulation, bank capital requirements and applications and opportunities for financial engineers.  Students will be expected to design and implement a risk management program or financial engineering application.

Learning outcomes for this course

Familiarity with applications of financial engineering to risk management

  • Enhance creative thinking skills through development of a new financial engineering application
  • Invent something of value
  • Critically evaluate contribution of financial innovations
  • Further enhance written and oral presentation skills

Tuition & Fees

Fall 2016 - Summer 2017

Tuition
Alumni: $400 per credit
Non-Alumni: $495 per credit

Technology Fee: $55 per term
$275 maximum per academic year

Application Fee: $25 online, $50 paper

Late Registration Fee: $50
(for registration submitted after the add/drop deadline)

Late Transaction Fee: $50
(for employer reimbursement applications received after the second week of the semester)

Transcript Fee: $5.00 minimum
(Additional fees may apply, refer to the Registrar's site)

All fees are subject to change without notice. The University reserves the right to change, delete or add to this pricing schedule as deemed appropriate. Transcripts and diploma will not be released for any student who has an outstanding balance owed to Cal Lutheran.

©