ETF9700 - Mathematics for business

Leader: Dr Duangkamon Chotikapanich

Offered

Caulfield Second semester 2007 (Day)

Synopsis

The topics covered in this unit include: The Linear Model, Linear Simultaneous Equations, Non-linear functions, Financial Mathematics, Derivatives and Partial Differentiation, Optimization (constrained and non-constrained), Matrix Algebra, and Difference equations.

Objectives

The learning goals associated with this unit are to:

• acquire skills in solving equations and applying them to problems arising in business
• understand the features of linear and nonlinear models and their applications in economics, finance and business
• solve two and three dimensional simultaneous equations, with applications in areas including operations management
• work with arithmetic and geometric sequences and series and use them in financial applications
• develop skills to perform differentiation, optimisation (constrained and unconstrained) and basic matrix operations and apply them to understand and solve problems in business.

Assessment

Mid-semester test: 20%;+ Assignments: 20%;
Final Examination (2 hours): 60%

Contact hours

Two 1-hour lectures and one 1-hour tutorial session per week

Prerequisites

Students must be enrolled in course codes 3814, 3815, 3816 or 3822 or must have passed ETX1100.

Prohibitions

ETF2700