Overview
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 … For more content click the Read More button below.
Offerings
S1-01-CLAYTON-ON-CAMPUS
Requisites
Prerequisite
Prohibition
Rules
Enrolment Rule
Contacts
Chief Examiner(s)
Mr John Stapleton
Learning outcomes
On successful completion of this unit, you should be able 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.
have a basic understanding of matrix algebra
4.
provide a training in the use of mathematical software.
Assessment summary
Within semester assessment: 40% + Examination: 60%
This unit contains a hurdle requirement that you must achieve to be able to pass the unit. The consequence of not achieving a hurdle requirement is a fail grade (NH) and a maximum mark of 45 for the unit.
Workload requirements
Workload
Other unit costs
Costs are indicative and subject to change.
Electronics, calculators and tools: $40