Undergraduate - UnitETC2440 - Mathematics for economics and business

This unit entry is for students who completed this unit in 2013 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

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Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Econometrics and Business Statistics
Offered	Clayton First semester 2013 (Day)
Coordinator(s)	John Stapleton

Synopsis

This unit introduces mathematical techniques that are invaluable tools for econometrics, economics, finance, and business. Topics covered include matrix algebra, linear simultaneous equations and the LU decomposition, eigenvalues and the Schur decomposition, 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.

Outcomes

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: 60%

Chief examiner(s)

Associate Professor Ralph Synder

Contact hours

4 hours per week

Prerequisites

ETC1000

Prohibitions

ETF2700, ECC2440. Students are also prohibited from enrolling in ETC2440 if they have passed both MTH2010 and MTH2021.