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 ## Grading scheme for University of Ljubljana Masters in Mathematical Finance
 
-The number of points for a correct solution for each exercise brings is equal to $2^{\mathrm{number\,of\,stars}}$. For a grade of 8 you have to get at least 6 points, for grade 9 at least 7 points and for 10 at least 8 points.
+### 2024
 
-You have to solve one problem from each of the four sets of problems unless you solved one of the problems with three stars.
+The number of points for a correct solution for each exercise brings is equal to $2^{\mathrm{number\,of\,stars}}$.
+
+The grading for this seminar as part of the course is binary, i.e. "pass" or "no-pass". For a grade of "pass" your team will require
+
+1. at least 8 points, and
+1. at least one correctly solved exercise from each of the four sessions from [workshop topics](#workshop-topics) above.
+
+For an example of the 2nd criterion, to satisfy this criterion for the 2nd topic, [Discrete Geometry for Risk](#discrete-geometry-for-risk), you need to successfully solve at least one problem from one of the three exercise notebooks.
 
 ## Relate python packages