INTRODUCTION TO QUANTITATIVE ANALYSIS
ECO2IQA
2015
Credit points: 15
Subject outline
This subject links mathematical tools and their applications in economics, finance and business. Students will learn about sets, number systems, functions, linear equations, non-linear equations, linear algebra, the mathematics of finance, univariate differential calculus, multivariate differential calculus, unconstrained optimisation and equality-constrained optimisation. Each of these topics will be illustrated using applications from economics, finance and business studies. This subject is intended for students who have studied some mathematics at VCE (or equivalent) and are confident in applying that mathematics. Students who do not meet this criteria should enrol in ECO1EME prior to enrolling in this subject.
School: La Trobe Business School
Credit points: 15
Subject Co-ordinator: Liam Lenten
Available to Study Abroad Students: Yes
Subject year level: Year Level 2 - UG
Exchange Students: Yes
Subject particulars
Subject rules
Prerequisites: N/A
Co-requisites: N/A
Incompatible subjects: N/A
Equivalent subjects: N/A
Special conditions: VCE mathematics (Any) with study score of more than 20
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | TBA | Prescribed | TBA | N/A |
| Readings | Essential mathematics for economics and business (third edition) | Recommended | Bradley Teresa | JOHN WILEY AND SONS GREAT BRITAIN 2008 (REPRINTED WITH CORRECTIONS IN AUGUST 2010) |
| Readings | Any good high school mathematics textbook | Preliminary | TBA | N/A |
Graduate capabilities & intended learning outcomes
01. Use optimisation theory to solve both unconstrained and constrained optimisation problems
- Activities:
- Lecture and tutorials
- Related graduate capabilities and elements:
- Inquiry/ Research(Inquiry/ Research)
- Critical Thinking(Critical Thinking)
02. Demonstrate proficiency with functions such as the exponential and polynomial
- Activities:
- Lecture and tutorials
- Related graduate capabilities and elements:
- Inquiry/ Research(Inquiry/ Research)
- Critical Thinking(Critical Thinking)
03. Demonstrate proficiency in the mathematical tools used in finance such as geometric series, compounding, present value and exponential growth
- Activities:
- Lecture and tutorials
- Related graduate capabilities and elements:
- Critical Thinking(Critical Thinking)
- Inquiry/ Research(Inquiry/ Research)
04. Solve and manipulate equations and systems of equations
- Activities:
- Lecture and tutorials
- Related graduate capabilities and elements:
- Inquiry/ Research(Inquiry/ Research)
- Critical Thinking(Critical Thinking)
05. Solve systems of linear equations using matrices and determinants
- Activities:
- Lecture and tutorials
- Related graduate capabilities and elements:
- Inquiry/ Research(Inquiry/ Research)
- Critical Thinking(Critical Thinking)
06. Use derivative calculus (partial and total derivatives, rules of differentiation, and higher order derivatives) to solve problems involving both univariate and multivariate functions
- Activities:
- TBC
- Related graduate capabilities and elements:
- Critical Thinking(Critical Thinking)
- Inquiry/ Research(Inquiry/ Research)
Melbourne, 2015, Semester 1, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Liam Lenten
Class requirements
TutorialWeek: 10 - 22
One 1.0 hours tutorial per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
LectureWeek: 10 - 22
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 2-hour final examination | 70 | 01, 02, 03, 04, 05, 06 | |
| One two-hour mid semester exam | 30 | 01, 02, 03, 04, 05, 06 |
Melbourne, 2015, Semester 2, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Liam Lenten
Class requirements
LectureWeek: 31 - 43
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
TutorialWeek: 31 - 43
One 1.0 hours tutorial per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 2-hour final examination | 70 | 01, 02, 03, 04, 05, 06 | |
| One two-hour mid semester exam | 30 | 01, 02, 03, 04, 05, 06 |
Sydney, 2015, ACN Semester 1, Day
Overview
Online enrolment: No
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Liam Lenten
Class requirements
LectureWeek: 11
One 3.0 hours lecture other recurrence on weekdays during the day in week 11 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 2-hour final examination | 70 | 01, 02, 03, 04, 05, 06 | |
| One two-hour mid semester exam | 30 | 01, 02, 03, 04, 05, 06 |
Sydney, 2015, ACN Semester 2, Day
Overview
Online enrolment: No
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Liam Lenten
Class requirements
LectureWeek: 28
One 3.0 hours lecture other recurrence on weekdays during the day in week 28 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 2-hour final examination | 70 | 01, 02, 03, 04, 05, 06 | |
| One two-hour mid semester exam | 30 | 01, 02, 03, 04, 05, 06 |
Sydney, 2015, ACN Summer Semester, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Liam Lenten
Class requirements
LectureWeek: 45
One 3.0 hours lecture per week on weekdays during the day in week 45 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 2-hour final examination | 70 | 01, 02, 03, 04, 05, 06 | |
| One two-hour mid semester exam | 30 | 01, 02, 03, 04, 05, 06 |
Vietnam, 2015, Semester 2, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Liam Lenten
Class requirements
LectureWeek: 31 - 43
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| One 2-hour final examination | 70 | 01, 02, 03, 04, 05, 06 | |
| One two-hour mid semester exam | 30 | 01, 02, 03, 04, 05, 06 |