Nanyang Technological University

Nanyang Business School

Nanyang Business School - Undergraduate Programmes

Course Description

BR2201 Risk Modelling

Acad Unit: 4
Pre-requisite: AB1202

Course Description:

This course introduces students to the principles of probability theory and statistics Specific topics covered include probability theory; descriptive statistics and graphical representations of data; probability distribution functions; sampling distributions and the Central Limit Theorem; estimation and goodness-of-fit tests; and static and dynamic Monte Carlo simulation models. The applications are drawn from a variety of areas where risk analysis has become important including finance, insurance, corporate risk management and personal financial planning.