This module aims to (i) introduce students to the basic concepts of probability and statistics and (ii) illustrate their relevance to practical problem-solving.
A part of this module's aim is to enable students to become aware of and develop their academic, professional, and personal skills through Personal Best, a development programme available to all students at Loughborough University.
The aims of this module are:
- to introduce rigorous mathematical tools which are useful in economics analysis
- to give students a solid mathematical background in game theoretic models