Monash University Handbook 2011 Undergraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

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:

1. acquire skills in solving equations and applying them to problems arising in business
2. understand the features of linear and nonlinear models and their applications in economics, finance and business
3. solve two and three dimensional simultaneous equations, with applications in areas including operations management
4. work with arithmetic and geometric sequences and series and use them in financial applications
5. 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%

Chief examiner(s)

Mervyn Silvapulle

Contact hours

3 hours per week

Prerequisites

ETX1100 or equivalent

Prohibitions

ECC2440, ETC2440