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.
- Second semester 2019 (On-campus)
Students must be enrolled in the Master of Financial Mathematics or have passed one unit from, , or ; and one unit from , , or
When mathematics is used in real-world applications, it almost always involves the use of computers. This unit provides an introduction to numerical methods for solving maths-related problems on computers. Topics covered include an introduction to Matlab programming; error analysis; methods for solving linear systems, least-squares problems and eigenvalue problems; methods for finding roots of nonlinear equations; polynomial interpolation; numerical differentiation and integration; and numerical methods for ordinary differential equations. Students will receive a solid introduction to the theory of the numerical methods (with derivations of the methods and some proofs) and will learn to implement the computational methods efficiently in Matlab. The methods and techniques learned have broad applicability in areas that include the natural sciences, engineering, the biomedical sciences, finance, business, machine learning, and data science.
On completion of this unit students will be able to:
- Demonstrate an understanding of the mathematical theory behind important numerical methods for solving real-life problems on computers.
- Implement numerical methods for a variety of problems in Matlab, and test the accuracy and efficiency of implementation.
- Demonstrate an understanding of the approximations introduced in algorithms and the effects of those approximations on the quality of calculations.
- Solve theoretical and applied problems of analysing and employing numerical methods.
- Demonstrate an awareness of the reach and importance of numerical methods in science, engineering, finance and technology.
- Demonstrate advanced problem-solving skills, both individually and in collaboration.
- Demonstrate advanced skills in the written and oral presentation of theoretical and applied numerical mathematics problems.
End of semester examination (3 hours): 60% (Hurdle)
Continuous assessment: 40% (Hurdle)
Hurdle requirement: To pass this unit a student must achieve at least 50% overall and at least 40% for both the end-of-semester examination and continuous assessment components.
Three 1-hour lectures and an average of two hours of applied classes per week
See also Unit timetable information