Probability
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.
Occasions for this course
Spring semester 2026
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Scope
7.5 credits
Time
2026-01-19 - 2026-03-29 (part time 50%)
Education level
First cycle
Course type
Freestanding course
Application code
MDU-11124
Language
English
Study location
Västerås
Course syllabus & literature
See course plan and literature list (MMA306)Specific 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.
Selection
Upper secondary (high school) grades, Swedish Scholastic Aptitude Test, University credits