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.
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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.
- 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
In order to enrol in this subject, you must be accepted into one of the following degrees:
No special requirements
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.
- Economic Analysis (20%)
- Critical Evaluation (30%)
- Modelling Project (50%)