This unit introduces many of the mathematical backbones of

econometrics analysis. It expands on the techniques used to

derive the formulae used in econometrics, those that are treated

as a given in other units. Strong focus on matrices, set theory,

derivatives and optimisation theory which will boost

understanding of many other units. Especially recommended if

you have not taken Unit ¾ Specialist Maths. The entire unit is

maths, no programming or data analysis involved. Some topics

covered in previous years have been removed, reducing its

difficulty.

Lectures and lecturer are very engaging and explains concepts

very well. Attending or watching the lectures is highly

recommended.

Tutorial covers problems on the previous week’s topic. Usually, all

problems are covered in detail in tutorials, but it can run over

time. Solution is provided at the end of the week, but often are too

simple to reflect the standard of answers expected in exams and

assignments. Therefore, it is important to attend tutorials and

study tutor solutions. A list of additional problems are provided

each week that are good for study but not covered in tutorials and

answers not provided. Attendance in tutorial is not marked.

3 Group Assessments worth 40% total are required throughout

the semester. The assessments are exam-style, focused on

calculations, derivations and proofs. The difficulty of the

assessments is moderate, but marking can be harsh, especially for

proofs. A strong understanding on the topic and all details is

important. Groups are randomly allocated. It is recommended to

start early and make sure everyone is on board.

All topics are covered in the exam. The exam closely resembles

past exam questions and assignment questions. It is fair in

difficulty but is subjected to harsh marking. Redoing tutorial and

assignment questions, including the extra problems every week, is

enough to prepare for the exam.

This unit is well run and serves as a good foundation for later

actuarial studies, and as a refresher to matrices and derivatives.

Some concept may take time for it to make sense, use

consultation time to ask questions. With a difference in

understanding, be ready to question group member’s solutions in

the group assignment. The extra problems each week is very good

for exam revision.