MySchool

Department of Engineering
Dean:	Dr. Ármann Gylfason
Email:	ru@ru.is
Website:	http://www.ru.is/tvd
Teachers	View

MSc in Financial Engineering
Semesters:	4
Years:	2
ETCS:	120
About major	Fjármálaverkfræði er þverfagleg grein sem samþættir fjármálafræði við verkfræðilegar aðferðir, stærðfræðileg líkön, tölfræði, aðgerðagreiningu og hagnýta tölvunarfræði. Nám í fjármálaverkfræði hentar þeim sem hafa áhuga á t.d. áhættustýringu, afleiðuviðskiptum eða fjárstýringu. MSc námið er mótað að kröfum Verkfræðingafélags Íslands um fullnaðarmenntun í verkfræði.
Learning Outcomes	View
Education cycle	2

Legend
	Mandatory course on major		Teaching language
	Optional course on major		Prerequisites for course

Vorönn/Spring 2024

Energy Financial Assessment

SE-833-FA2

ECTS 6

Engineering Optimization

T-423-ENOP

ECTS 6

Sleep

T-424-SLEE

ECTS 6

Decision Analysis for Management

T-603-AKVA

ECTS 6

Internship in Engineering I

T-706-INT1

ECTS 6

Internship in Engineering II

T-706-INT2

ECTS 6

Systems Biology

T-765-SYBI

ECTS 8

Project Management and Strategic Planning

T-803-VERK

ECTS 8

Derivatives and risk management

T-814-DERI

ECTS 8

Creating a Complete Business Plan for a Technical Idea - Entrepreneurship and the Innovation Process

T-814-INNO

ECTS 8

Modern Trends in Financial Engineering

T-816-MTFE

ECTS 8

Tissue Engineering and Biomaterials

T-828-TISS

ECTS 8

Graduate Research Opportunities I

T-829-GRO1

ECTS 6

Finite Element Analysis in Engineering

T-844-FEMM

ECTS 8

Neural Engineering

T-863-NEUR

ECTS 8

Wind Power

T-863-WIND

ECTS 8

Power System Operation

T-867-POSY

ECTS 8

Stability and Control in Electric Power Systems

T-867-STAB

ECTS 8

Protection Philosophy for Smart-Grids

T-868-PROT

ECTS 8

MSc Thesis

T-899-MEIS

ECTS 30

MSc Thesis

T-900-MEIS

ECTS 30

MSc thesis II

T-901-MEI2

ECTS 30

Business Process Management

V-716-BPMA

ECTS 7,5

Entrepreneurial Finance

V-733-ENTR

ECTS 7,5

Business Intelligence and Analytics

V-784-REK5

ECTS 7,5

Entrepreneurship and Starting New Ventures

X-204-STOF

ECTS 6

Exchange Studies

X-699-EXCH

ECTS 30

Sumar/Summer 2024

Graduate Research Opportunities I

T-829-GRO1

ECTS 6

Exchange Studies

X-699-EXCH

ECTS 30

Haustönn/Fall 2024

Special Topics in Energy I

SE-801-STE

ECTS 1

Energy Economics

SE-805-EC1

ECTS 6

Special Topics in Energy III

SE-806-STE

ECTS 6

Embedded System Programming

T-738-EMBE

ECTS 8

Simulation II

T-806-SIMU

ECTS 6

Quality Management

T-807-QUAL

ECTS 6

Applying Models in Management

T-808-NOLI

ECTS 8

Data Mining and Machine Learning

T-809-DATA

ECTS 8

Optimization Methods

T-810-OPTI

ECTS 8

Applied Probability

T-811-PROB

ECTS 8

Financial Engineering of the Firm

T-814-FINA

ECTS 8

Managing Research and Development - Methods and Models

T-814-PROD

ECTS 8

Year

1. year

Semester

Fall 2024

Level of course

6. Second cycle, advanced

Type of course

Elective

Prerequisites

No prerequisites.

Schedule

No schedule found.

Lecturer

Páll Kristján Pálsson

Content

We cover the engineering approach to innovation and entrepreneurship in lectures and a practical program in which students work in an active company.Due to increasing freedom in trade and internationalization the competition between companies is boosting. At the same time consumers demand new solutions, and the technology develops, resulting in older solutions becoming obsolete. Such conditions require constant innovation in companies’ management and an understanding of the nature of innovation and entrepreneurship. Innovation is not only necessary in technological companies, but in all companies that intend to live and prosper.The course will cover innovation and the ability companies have for innovation in light of market, science, engineering, planning and financial presumptions. We deal with the terms innovation and entrepreneurship and their significance for modern management and put in context with success. We will also cover the value of knowledge, intellectual property rights and patent rights. Then we cover the internationalization and its impact on the innovation process.Special emphasis will be put on systematic development of the processes connected to innovation and worked on a project in a real company in this field.The aim is that the students aquire an understanding of the cause of success and mistake in innovation within a company and how companies can increase their ability for innovation and the importance of innivation and initative thinking for the existence of companies.Students will, at the end of the course, have aquired a steadfast knowledge of the method applied within product-developement and innovation in companies and be able to apply them on their own in the furture.

Learning outcome - Objectives

At the end of the course the students shall have reliable knowledge of the methods used creating innovation basis and be capable to develop and construct a system for managing innovation in companies.???????

Understand the presumption for success and the reasons for mistakes in innovation within companies.
Understand how companies can develop, maintain and increase their skill for innovation and the value of innovation and initiative thinking for the existence of companies.
Knowing companies methodology for developing products and innovation and pioneer thinking and the development of new products (goods and service).

Be familiar with companies methodology for developing products and innovation and being able to use it.
Posses good knowledge of the main items of the innovator science and adaptation and integration of the knowledge of individual employees in order to create strong teams.
Be able to evaluate the reasons for success and evade mistakes in innovation within companies.

Can by themselves take on a systematical construction and the processes connected to innovation in companies and possess the understanding, skill and knowledge to manage the development and running of such systems within companies.
Be able to introduce and interpret the conclusions and proposals on the above mentioned fields and be able to express themselves on those issues.

Course assessment

Reports (4), each 18% total 72%. Verbal exam 28%.

Reading material

No reading material found.

Teaching and learning activities

Lectures and project work.

Language of instruction

English

Fixed Income and Interest Rate Modelling

T-815-FIXE

ECTS 8

Advanced Biomechanics II