ETF2700 · Mathematics for business

Overview

The topics covered in this unit include: the linear model, linear simultaneous equations, non-linear functions, index numbers, financial mathematics, derivatives and partial differentiation, integration, optimisation (constrained and non-constrained), and matrix algebra.

Offerings

Assessment

The Handbook lists an examination for this unit.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

Learning outcomes

1. acquire skills in solving equations and applying them to problems arising in business
2. understand the features of linear and non-linear models and their applications in economics, finance, and business
3. solve two- and three-dimensional simultaneous equations, with applications in business
4. work with arithmetic and geometric sequences and series and use them in financial applications
5. develop skills to perform differentiation, optimisation (constrained and unconstrained), basic matrix operations, and apply them to understand and solve problems in business

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

Student experience, not official rules. Nothing here changes what the Handbook says.