Overview

This unit introduces you to mathematical techniques that are widely used in the disciplines of economics, econometrics, finance and actuarial science. Topics covered include matrix algebra, sets, sequences and functions, multivariate calculus, elementary real analysis and stochastic processes.

Offerings

S1-01-CLAYTON-BLENDED

Rules

Enrolment Rule

Contacts

Chief Examiner(s)

Professor Jackie Li

Learning outcomes

On successful completion of this unit, you should be able to:
1.

perform a variety of algebraic operations using vectors and matrices

2.

derive the eigenvalues and associated eigenvectors of a square matrix

3.

understand a variety of set-theoretic concepts, such as open and closed sets

4.

derive from first principles the limit of a sequence of real numbers

5.

differentiate and integrate functions of several variables

6.

understand the properties of stochastic processes and how to conduct statistical analysis

Teaching approach

Active learning
Problem-based learning

Assessment

1 - Within semester assessment
2 - Examination

Scheduled and non-scheduled teaching activities

Seminars
Tutorials
Workshops

Workload requirements

Workload

Learning resources

Technology resources

Other unit costs

Costs are indicative and subject to change.
Electronics, calculators and tools: $100