Probability

Education facts

Code: MMA306

<p>Probability theory deals with models for random experiments, i.e. experiments where it is not possible to predict the outcome even if one has full control of the external circumstances. Many phenomena where random variation is involved can be described in terms of probabilities. In finance, random models are used e.g. for stock prices and option prices. After having completed the course you will possess the skills of probabilistic modelling of real world situations. The content of the course is an important ingredient of the theoretical base of further courses in the Analytical Finance program such as Actuarial Mathematics, Stochastic Processes and Statistical Inference. </p>

Entry requirements

Basic Calculus Continuation Course, 7.5 credits, of which 1.5 credits must be completed at the beginning of the course, or the equivalent.

Education offerings

Each offering has its own dates and conditions. Closed offerings are retained as history and do not mean that a new application is open.

• Probability

  Mälardalen University

  Start date: 19 January 2026

  End date: 29 March 2026

  Pace of study: 50 %