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.


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.

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.

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.

Tuition & Fees

Fall 2021 - Summer 2022

Alumni: $450 per credit
Non-Alumni: $555 per credit

Technology Fee: $60 per term

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.