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, 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
Within semester assessment: 40%;
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