ETC2440 - Mathematics for economics and business

Leader: Associate Professor Ralph Snyder, Mr John Stapleton.

Offered

Clayton Second semester 2007 (Day)

Synopsis

This unit introduces mathematical techniques that are invaluable tools for econometrics, economics, finance, and business. Topics covered include: matrix algebra; linear simultaneous systems; eigenvalues and singular value decompositions; optimization, including the Lagrange multiplier method; partial differentiation; multiple integration; difference and differential equations. Some emphasis will be given to the use of computer programs for performing matrix calculations and symbolic manipulation.

Assessment

Mid-semester test: 20%
Assignment: 20%
Examination (2 hours): 60%

Contact hours

Two 1-hour lectures and one 2-hour tutorial per week.

Prerequisites

ETC1010