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Financial Mathematics Program: Recommended Elective Courses

Recommended elective courses can be categorized in the following specialized areas:

  • Acturial Sciences;
  • Computational Finance;
  • Economics;
  • Finance;
  • Finance Mathematics Modelling and Applications.

The list of possible elective courses is not limited to the list below; and the list is expanded on a continuing basis; courses not in the list can be accepted as elective subject to the approval of the student's adviser.

Possible Elective Courses @ METU
  • BA 4517   - Decision Analysis: Tools & Methods
  • BA 5520   - Applied Statistical Computing with R
  • BA 5817   - International Finance
  • BA 5827   - Fixed Income Analysis
  • BA 5811   - Corporate Finance
  • BA 5818   - Analysis of Financial Statements
  • BA 5837   - Financial Macroeconomics
  • BA 4514   - Risk Management
  • CENG 514 - Data Mining
  • CENG 562 - Machine Learning
  • CENG 574 - Statistical Data Analysis
  • CENG 785 - Algorithmic Trading and Quantitative Strategies
  • ECON406  - Real Estate Economics and Finance
  • ECON419  - Behavioral Economics and Finance
  • ECON445  - Introduction to Linear and Nonlinear Programing
  • ECON446  - Topics in Econometrics
  • ECON450  - Economics of Uncertainty and Information              
  • ECON475  - Introduction to Mathematical Economics I
  • ECON476  - Introduction to Mathematical Economics II
  • ECON483  - Applied Econometrics I
  • ECON483  - Applied Econometrics II
  • ECON499  - International Money, Finance and Banking
  • ECON507  - Econometric Methods I
  • ECON508  - Econometric Methods II
  • EE 5420    - Machine Learning by Probabilistic Models
  • EE 554      - Optimal Control Theory
  • IAM 522    - Stochastic Calculus for Finance
  • IAM 523    - Elements of Stochastic Calculus
  • IAM 526    - Time Series Applied to Finance
  • IAM 528    - Markov Decision Processes
  • IAM 530    - Elements of Probability and Statistics
  • IAM 532    - Statistical Methods
  • IAM 542    - Stochastic Processes
  • IAM 543    - Regulation and Supervision of Financial Risks
  • IAM 547    - Risk Management and Insurance
  • IAM 548    - Stochastic Processes for Insurance and Finance
  • IAM 549    - Fundamentals of Insurance
  • IAM 552    - Credibility Theory
  • IAM 554    - Interest Rate Models
  • IAM 555    - Statistical Decision Theory
  • IAM 557    - Statistical Learning and Simulation
  • IAM 558    - Reinsurance Theory
  • IAM 560    - Stochastic Aspects of Dynamics
  • IAM 561    - Introduction to Scientific Computing I
  • IAM 562    - Introduction to Scientific Computing II
  • IAM 563    - Methods of Applied Mathematics
  • IAM 567    - Mathematical Modelling
  • IAM 573    - System Parameter Estimation and its Application
  • IAM 581    - Special Topics in Financial Mathematics
  • IAM 582    - Life Insurance Mathematics
  • IAM 583    - Pension Fund Mathematics
  • IAM 584    - Advanced Actuarial Mathematics
  • IAM 585    - Decision Making Under Uncertainty
  • IAM 611    - Numerical Methods for Financial Models
  • IAM 612    - Financial Modeling with Jump Processes
  • IAM 613    - Finance and Stochastic in Insurance
  • IAM 664    - Inverse Problems
  • IAM 742    - Special Topics in Asset Pricing
  • IAM 743    - Special Topics: Malliavin Calculus and its Applications
  • IAM 745    - Special Topics: Stochastic and Deterministic Optimal Control-Applications to Finance
  • IAM 749    - Numerical Algorithms with Financial Applications
  • IAM 750    - Special Topics: Energy Trade and Risk Management
  • IAM 751    - Special Topics: Financial Mathematics of Market Liquidity
  • IAM 753    - Special Topics: Stochastic Energy Pricing Model
  • IAM 754    - Special Topics: Financial Econometrics
  • IAM 757    - Special Topics: Monte Carlo Methods in Finance and Insurance
  • IAM 758    - Financial Econometrics, Data Science and Machine Learning
  • IAM 768    - Special Topics: Method and Applications of Uncertainty Quantification
  • IAM 782    - Special Topics: Extreme Values in Insurance and Finance
  • IAM 783    - Special Topics: Life Insurance: Products, Finance, and Modeling
  • IAM 784    - Special Topics: Pension Systems and Their Financial Management
  • IAM 785    - Special Topics: Survival Models in Actuarial Science
  • IAM 755    - Special Topics: Risk Management for Corporations
  • IE 553      - Linear Optimization
  • IE 554      - Discrete Optimization
  • IE 555      - Nonlinear Optimization
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