Probability 1

Abstract

Overview Aims & Objectives  Probability I introduces students to some basic ideas in probability and applications in economics Transferable Skills Learning Outcomes  On completion of Probability I, students will be provided with a foundation framework for inferential statistics, studied in Statistics I  Students will be familiar with:  The basic tools required to develop and understand Probability ideas and problems  Conditional probability  Some examples of how the probabilistic framework is relevant for economics and finance Assessment Probability 1 is examined by means of a 1.5-hour University Closed examination in the Spring Term.