units

ETF5970

Faculty of Business and Economics

18 September 2017 22 December 2024
Monash University

Postgraduate - Unit

This unit entry is for students who completed this unit in 2015 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.

print version

6 points, SCA Band 2, 0.125 EFTSL

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

LevelPostgraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Econometrics and Business Statistics
OfferedCaulfield Second semester 2015 (Day)
Coordinator(s)Mr Bruce Stephens

Synopsis

The topics covered in this unit include: The Linear Model, Linear Simultaneous Equations, Non-linear functions, Financial Mathematics, Derivatives and Partial Differentiation, Optimization (constrained and non-constrained), Matrix Algebra, and Difference equations.

Outcomes

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: 60%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)

Mr Bruce Stephens

Prohibitions

ETF2700 and ETF9700