Faculty of Business and Economics

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Monash University

Monash University Handbook 2010 Undergraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

FacultyFaculty of Business and Economics
OfferedClayton First semester 2010 (Day)
Coordinator(s)Associate Professor Ralph Snyder and Mr John Stapleton


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.


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.


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




ECC2440, ETF2700