6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Coordinator(s)
Dr Yi He (First semester)
Professor Mervyn Silvapulle (Second semester)
Unit guides
Synopsis
The topics covered in this unit include: the linear model, linear simultaneous equations, non-linear functions, index numbers, financial mathematics, derivatives and partial differentiation, integration optimisation (constrained and non-constrained) and matrix algebra with software applications (e.g. Excel).
Outcomes
The learning goals associated with this unit are to:
- acquire skills in solving equations and applying them to problems arising in business
- understand the features of linear and non-linear models and their applications in economics, finance and business
- solve two and three dimensional simultaneous equations, with applications in areas including operations management
- work with arithmetic and geometric sequences and series and use them in financial applications
- 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)
Prohibitions
ECC2440, ETC2440