These models have applications in other fields as well. In the predator-prey model, the number of one population depends directly on the population of the other species. Quite often, the situation is not as certain. For example, an insurance company might want to know how many floods, earthquakes and other disasters will occur in a specified year. Unfortunately, such disasters cannot be predicted in advance, but there is a certain probability that a disaster will happen.
Probability theory is the major technique to model such situations.
If you had both classes you will be given the choice. Then we will see how these techniques can be applied to model real-world situations. The course will be a January-option course. Introduction to numerical methods for solutions of nonlinear equations, matrix equations, approximations. Includes algorithms, mathematical theory and computer implementation.