This is an undergraduate course which aims to provide students of Business Mathematics Specialization with the basic ideas of probability required for the study of Economics and related subjects.

After completing this class successfully the student will have the ability to:

• Define, describe and work with the basic concepts in probability,

• Understanding and modeling of random phenomenon,

• Use methods and ideas from probability to solve simple real-world problems.

Full attendance is compulsory, except when distance learning applies. This means that students should attend at least 80% of all lectures, at most one lecture can be missed.

The course consists of lectures and accompanying weekly tutorials The lecture part presents the theoretical concepts and gives examples. Students can work out a project in applied probability related to the taught material. In times of distance learning the tutorials are replaced by exercises as homework.

• 20% weekly tutorials or homework exercises
• 45% final exam
• 35% project in applied probability

There will be no opportunity to retake the final exam. The exam is a closed-book exam!

In case of distamce learning:

• 35% weekly tutorials or homework exercises
• 20% final exam
• 45% project in applied probability

Successful completion of Analysis and Linear Algebra course is necessary.