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Statistics and Probability Theory for Finance

Module code: ACFI 1304

Module description

In the examination of real world phenomena, such as events in the financial markets, social scientists often engage themselves in the process of collecting and analysing data from various markets and economic indicators. Subsequently, such real-world phenomena are modelled using the collected data. This helps scientists and financial analysts draw meaningful conclusions about the existence and nature of the effect, and if possible, to disseminate new knowledge in that field. The purpose of this module is to familiarise students with the fundamental principles of statistical methods and probability theory and to equip them with the necessary skills required to effectively analyse statistical problems that arise in the area of finance.

Contact hours per student per year

  • Lectures: 22 hours
  • Tutorials: 22 hours


  • SPSS assignment  (individual): 50%
  • Unseen exam (60 mins): 50%

Additional costs: No extra costs other than purchase of books