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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

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	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

Year

1. year

Semester

Spring 2024

Level of course

4. Second cycle, introductory

Type of course

Elective

Prerequisites

T-403-RAFO, Power System Simulation
T-867-POSY, Power System Operation

Schedule

No schedule found.

Lecturer

Mohamed F. M. Abdelfattah

Content

Level of course: Second semester MSc program, postgraduate (MSc, PhD). Type of course: Elective. Prerequisites: Electric power systems: such as T-403-RAFO Power System Simulation (Hermun raforkukerfa), T-867-POSY Power Systems Operation (Rekstur Raforkukerfa) or a similar course in electrical engineering. Recommended Prerequisites: Smart-grids. The main goal of this course is to present the fundamentals of power systems protection and the philosophy of protecting developed electric power systems with smart-grids technologies. The course will include lectures, presentations and class discussions, in addition to individual selected projects on modern protection methods with related applications using selected software or programing. Content: •Introduction to electric power systems. •Causes and types of faults, and importance of protection for energy security. •Principles and components of power system protection using instrument transformers and relays. •Types of protective relays, including over current, differential and distance protection and related zones of protection. •Types of protection schemes for power system components, with a focus on transmission and distribution lines. •Introduction to smart-grids technologies. •Fundamentals of the smart-grids protection •The role of protection system in the development of self-healing smart-grids. •Development trends in Smart-grids protection, including transient-based protection. •Selected applications or case studies, on modern protection methods for smart-grids

Learning outcome - Objectives

Learning outcome: After successful completion of this course, the students should be able to: •Know the basic components of the electric power systems and smart-grids technologies. •Understand the reasons of faults and interruptions how the power system could be protected. •Learn the basic components of protection systems. Analyze the performance of current transformers. •Understand the principles of power system protective relays. •Learn about the primary and backup protection method and zones. •Design the over-current relay setting and coordination, for distribution lines. •Design the impedance relay characteristics, using phase comparator, for transmission lines. •Understand the protection philosophy for protecting smart-grids. •Understand the role of protection systems on self-healing smart-grids and energy security. •Be familiar with the development trends for protecting smart-grids. •Learn more details about individual selected projects on modern protection methods with related applications using selected simulation software.

Course assessment

Exam: midterm and final exams. Project: presentation and report, on selected applications or case studies.

Reading material

No reading material found.

Teaching and learning activities

Lectures; for the presentation of the fundamentals. Class discussions; for thinking, brainstorming and understanding. Group presentations; for supporting the knowledge exchange and team work skills. Individual assignments (projects); for the development of the self-learning and individual research and publication skills.

Language of instruction

English

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