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Mathematical Modelling - MATH604

This unit introduces students to a range of mathematical techniques from algebra and calculus. Its focus is on the modern application of these ideas, with a particular emphasis on applications to problems in economics, business and finance, and provides a sound mathematical basis for further study in these areas. A key focus of the unit is the development of a sound grasp of how mathematics is used to provide sophisticated modelling of complex real problems. The algebra content of the course includes topics such as linear systems, matrices, determinants, vector spaces, eigenvalues and eigenvectors. The study of these topics is applied to model various economic problems such as Leontief input-output models and dynamical systems used to predict long-term behaviours. The calculus content includes the development of the techniques of differentiation and integration with applications to constrained and unconstrained optimisation, including multivariable cases, and the development and application of a variety of useful approximation techniques. The techniques studied in the calculus course are used to study and solve a wide variety of economic and financial problems.

Credit Points: 4
When Offered:

S1 Online - Session 1, Online

S2 Online - Session 2, Online

Staff Contact(s): Mathematics staff
Prerequisites:

Admission to MAppStat or GradDipAppStat or MSc or MDataSc or MScInnovation  Prerequisite Information

Corequisites:

NCCW(s): ACST604
Unit Designation(s):
Assessed As: Graded
Offered By:

Department of Mathematics and Statistics

Faculty of Science and Engineering

Course structures, including unit offerings, are subject to change.
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