Monash University Handbook 2010 Undergraduate - Unit

Synopsis

This unit introduces mathematical techniques that are invaluable tools for econometrics, economics, finance, and business. Topics covered include: matrix algebra; linear simultaneous systems; Eigen values and singular value decompositions; 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 and symbolic manipulation.

Objectives

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 (2 hours): 60%

Contact hours

Two 1-hour lectures and one 2-hour tutorial per week

Prerequisites

Students must have passed ETC1000 before undertaking this unit

Prohibitions

ETC2440