ETF2700 - Mathematics for business

Leader(s): Professor Param Silvapulle

Offered

Caulfield Second semester 2009 (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 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

3 hours per week

Prerequisites

ETX1100 or equivalent

Prohibitions

ECC2440, ETC2440