Offered
Caulfield Second semester 2008 (Day)
Synopsis
The topics covered in this unit include: The Linear model, Linear Simultaneous Equations, Non-linear functions, Financial mathematics, Derivatives and Partial Differentiation, Optimisation (constrained and non-constrained), Matrix Algebra and Difference Equations.
Objectives
The learning objectives of 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
Within semester assessment: 40%
Final Examination (2 hours): 60%
Contact hours
3 contact hours per week.
Prerequisites
ETX1100 or equivalent