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Rsch Sch of Finance, Actuarial Studies & App Stats · ANU College of Business and Economics
The course focuses on modern probability theory, including probability spaces, random variables, conditional probability and independence, limit theorems, Markov chains and martingales, with an outlook towards advanced stochastic processes. The course will emphasise practical understanding and applications, progressing from the introductory course. The course will provide a sound foundation to progress to STAT6060 (Advanced Stochastic Processes), as well as other post-graduate courses emphasizing mathematical finance, stochastic analysis and statistical as well as actuarial sciences.
Typical assessment may include, but is not restricted to: exams, assignments, quizzes, presentations and other assessment as appropriate.
Learning outcomes 1, 2, 3, 4
Students are expected to commit 130 hours of work in completing this course. This includes time spent in scheduled classes and self-directed study time.
Information about the prescribed textbook will be available via the Class Summary.