ETC2440 - Mathematics for economics and business

Leader(s): Associate Professor Ralph Snyder and Mr John Stapleton

Offered

Clayton Second semester 2009 (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; Eigen values and singular value decompositions; optimisation, 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

Within semester assessment: 40%
Examination (2 hours): 60%

Contact hours

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

Prerequisites

ETC1000

Prohibitions

ECC2400, ETF2700