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ETF2700 - Mathematics for business

6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL

Undergraduate Faculty of Business and Economics

Leader(s): Professor Param Silvapulle


Caulfield Second semester 2009 (Day)


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.


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 nonlinear 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.


Within semester assessment: 40%
Examination (2 hours): 60%

Contact hours

3 hours per week


ETX1100 or equivalent


ECC2440, ETC2440

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