BEX2440 - Mathematics for economics and business - 2018

0 points, SCA Band 3, 0.000 EFTSL

Undergraduate - Unit

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

Faculty

Business and Economics

Organisational Unit

Department of Econometrics and Business Statistics

Chief examiner(s)

Mr John Stapleton

Coordinator(s)

Mr John Stapleton

Unit guides

Offered

Clayton

  • First semester 2018 (On-campus)

Prohibitions

ETF2700, ECC2440.

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:

  1. provide a practical training in basic mathematics needed for the study of econometrics
  2. examine the calculus of many variables and its application in econometrics and business statistics
  3. introduce matrix algebra
  4. provide a training in the use of mathematical software.

Assessment

Within semester assessment: 40% + Examination: 60%