ETC2440 Mathematics for Economics and Business


Difficulty:

Capture 3.PNG

Year Completed: Semester 1, 2020

Prerequisite: ETC1000

(or SCI1020, or ETF1100, or STA1010, or ETW1001, or ETB1100, or FIT1006)

 

Exemption: N/A


Mean Setu Score: 80%

 

Clarity of Learning Outcomes: 76.8%

Clarity of Assessments: 83.6%

Feedback: 78.8%

Resources: 78.4%

Engagement: 87.6%

Satisfaction: 76%


Subject Content:

Lecture(s) and Tutorial(s):

Textbook(s):

Assessments:

 

Topics for this unit included elementary linear algebra,

intermediate matrix algebra, sets, functions and sequences,

continuous functions, differentiable functions, optimisation

(constrained and unconstrained) and elementary integration.

2 x 1 hour lectures

1 x 1.5 hour tutorial

Fundamental Methods of Mathematical Economics, 4th edition -

this textbook is the primary reference material for the lecture

slides. However, the lecture slides are quite comprehensive and

the book itself might have references to a lot of unnecessary

material for the unit.

Group Assignment 1 10%

Group Assignment 2 15%

Group Assignment 3 15%

Final Exam 60%


Comments

The content of the unit itself was not too hard. However, it does

appeal to different crowds. Some who prefer applied methods of

mathematics may find this unit quite dry and boring, while some

who prefer mathematics in general as a discipline of study might

find this unit enjoyable. This unit increased my mathematical

aptitude quite considerably, especially when it comes to reading

more complicated academic material. The assessments are quite

harshly marked, so best be aware of that, and study accordingly

though the content of the unit itself was quite accessible.

The lectures themselves were just a rehash of the content in the

lecture slides, which by itself was already quite comprehensive. I

only attended 1 lecture in the middle of the semester, so I could

manage without watching the lectures. However, students may

prefer the auditory input to maximise the effectiveness of their

own learning.

The tutors go through tutorial questions from the past week and

was generally less engaging. One could get by without going to the

tutorials, and they are not assessed anyways, but going to them

definitely was very beneficial as tutors explain the gnarly concepts

in much more detail compared to the lecture slides.

The group assessments were generally quite accessible, but the

answers needed to be refined and redone a lot to make sure they

were perfect. The assessments are quite harshly marked, so best

be prepared for that mentally.

The exam itself was quite difficult, even though the questions

were similar to the assignments.

This unit can be dry for some people, but the content is quite

accessible especially compared to some of the third year units in

the actuarial degree, however, the assessments are marked quite

harshly, and people do not score well for this unit in general.

General Overview:

Lectures:

Tutorials:

Assessments/Other Assessments

Exams

Concluding Remarks