- Code STAT6018
- Unit Value 6 units
- Offered by Rsch Sch of Finance, Actuarial Studies & App Stats
- ANU College ANU College of Business and Economics
- Course subject Statistics
- Areas of interest Actuarial Studies, Finance, Statistics
The course offers an introduction into 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 as well as a solid theoretical foundation for the subject.
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.
Upon successful completion, students will have the knowledge and skills to:
- Explain in detail the fundamental concepts of probability theory, its position in modern statistical sciences and applied contexts.
- Demonstrate accurate and proficient use of complex probability theory techniques.
- Demonstrate capacity for deep mathematical reasoning through analysing, proving and explaining concepts from probability theory.
- Apply complex problem-solving techniques using probabilistic methods in various situations.
- Typical assessment may include, but is not restricted to: exams, assignments, quizzes, presentations and other assessment as appropriate. (100) [LO 1,2,3,4]
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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.
Requisite and Incompatibility
Information about the prescribed textbook will be available via the Class Summary.
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you 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). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- Unit value:
- 6 units
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
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Offerings, Dates and Class Summary Links
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Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.