Monash University Handbook 2010 Undergraduate - Unit

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, random vectors; 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.

Objectives

The learning goals associated with this unit are to:

• provide a practical training in basic mathematics needed for the study of econometrics
• examine the calculus of many variables and its application in econometrics and business statistics
• introduce matrix algebra
• provide a training in the use of mathematical software.

Assessment

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

Chief examiner(s)

Ralph Snyder

Contact hours

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

Prerequisites

ETC1000

Prohibitions

ECC2440, ETF2700