Postgraduate CUR-PA530-2021

Mathematical Modelling in Business

Solve economical issues with the power of mathematics. You’ll cover linear models, matrix algebra, general function models, integral calculus and more. Become a practical mathematician.

Start your career with Curtin’s globally recognised courses and extensive industry connections. Through OUA, our online courses offer an interactive and collaborative learning experience that gets you the same degree as if you studied on campus. Curtin is a global university with a vibrant culture of innovation and collaboration and is ranked in the top one per cent of universities worldwide.

QS RANKING 2021

Times Higher Education Ranking 2021

2021

Subject details

What you'll learn

At the completion of this subject students will be able to:

translate economic issues into mathematical programming
analyse mathematical models to examine economic issues
evaluate mathematical models in terms of their relevance to particular economic issues
analyse economic issues using appropriate mathematical models and translate the results into meaningful economic interpretations.

Topics covered

- Elements in Matrix Algebra
- Determinants and Inverse
- System of Equations
- Linear Dependence
- Eigenvalues and Eigenvectors
- Differential Calculus
- Optimization I
- Optimization II
- Optimization III
- Integral Calculus
- Differential Equations

Entry requirements

In order to enrol in this subject, you must be accepted into one of the following degrees:

Additional requirements

No additional requirements

Description

This subject covers linear models and matrix algebra, differentiation and comparative static analysis, general function models, exponential and logarithmic functions, optimisation, economic dynamics and integral calculus, differential and difference equations.

Please Note: If it’s your first time studying a Curtin University subject you’ll need to complete their compulsory ‘Academic Integrity Program’. It only takes two hours to complete online, and provides you with vital information about studying with Curtin University. The Academic Integrity Program is compulsory, so if it’s not completed your subject grades will be withheld.

Find out more about the Academic Integrity module.

Assessments

Economic Analysis (20%)
Critical Evaluation (30%)
Modelling Project (50%)

Textbooks