BEX2440 Mathematics for economics and business
Faculty of Business and Economics
BEX2440 Mathematics for economics and business is a level 2, 0-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2023 in Semester 1 at Clayton. It has no prerequisites.
- Credit points
- 0
- Offered in 2023
- Semester 1
- Clayton
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
The 2027 handbook has no page for BEX2440. This is its 2023 entry, the latest one.
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Requisites
Before BEX2440
Prohibitions
You can't enrol if you have passed any of these.
After BEX2440
No unit lists BEX2440 as a prerequisite in the 2023 handbook.
Enrolment rules
You be enrolled in course 0029 or 3194 to undertake this unit.
Equivalent units
The same content under another code. Only one of them counts.
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 will be given to the use of computer programs for performing matrix calculations.
Offerings in 2023
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | On campus |
Assessment
- Within semester assessment40%
- ExaminationThreshold hurdle60%
Learning outcomes
When you finish 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.
Workload and teaching
- Tutorials18 hours
- Lectures24 hours
- Teaching approachActive learning
- Teaching approachProblem-based learning
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. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
Learning resources
Technology resources
There may be an additional cost associated with purchasing a physical and/or virtual calculator. Specific details will be provided in the Learning Management System by commencement of Orientation week.
Contacts
- Chief Examiners
- Mr John Stapleton
Common questions
What are the prerequisites for BEX2440?
BEX2440 has no prerequisites, but enrolment rules apply.
When is BEX2440 offered?
In 2023, BEX2440 runs in Semester 1 at Clayton.
How much work is BEX2440?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does BEX2440 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.