• Offered by Mathematical Sciences Institute
  • ANU College ANU Joint Colleges of Science
  • Course subject Mathematics
  • Areas of interest Economics, Finance, Mathematics, Theoretical Physics
  • Academic career UGRD
  • Course convener
    • Prof Andrew Hassell
  • Mode of delivery In Person
  • Co-taught Course
  • Offered in First Semester 2016
    See Future Offerings

The course introduces probability theory, including probability spaces, random variables, conditional probability and independence, limit theorems, Markov chains, martingales, Brownian motion, and an introduction to stochastic processes. The course will emphasise practical understanding and applications as well as a solid theoretical foundation for the subject.

 

The course will provide a sound foundation to progress to MATH3015 (Mathematics of Finance), as well as other honours and post-graduate courses emphasizing the theory of mathematical finance and stochastic analysis.

 

Note: This is an HPC. It continues the development of sophisticated mathematical and probabilistic techniques and their application begun in STAT2001(HPC)

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

On satisfying the requirements of this course, students will have the knowledge and skills to:

1. Explain the fundamental concepts of probability theory and its position in modern mathematics and applied contexts;
2. Demonstrate accurate and efficient use of probability theory techniques;
3. Demonstrate capacity for mathematical reasoning through analyzing, proving and explaining concepts from probability theory;
4. Apply problem-solving using probabilistic methods in various situations in mathematical finance.

Indicative Assessment

Assessment will be based on:

  • Assignments (50%; LO 1-4)
  • Final examination (50%; LO 1-4)

The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.

Workload

This course will only be offered subject to staff availability

Requisite and Incompatibility

To enrol in this course you must have successfully completed STAT2001 or MATH2320 or MATH3116.

Majors

Fees

Tuition fees are for the academic year indicated at the top of the page.  

If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.

Student Contribution Band:
2
Unit value:
6 units

If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees.  Where there is a unit range displayed for this course, not all unit options below may be available.

Units EFTSL
6.00 0.12500
Domestic fee paying students
Year Fee
2016 $3276
International fee paying students
Year Fee
2016 $4368
Note: Please note that fee information is for current year only.

Offerings, Dates and Class Summary Links

The list of offerings for future years is indicative only.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.

First Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
2745 15 Feb 2016 26 Feb 2016 31 Mar 2016 27 May 2016 In Person N/A

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