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Area/Catalogue
MATH 3017

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Course Level
Undergraduate

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Offered Externally
No

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Course ID
100303

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Unit Value
4.5

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University-wide elective course
No

Course owner

Course owner
School of Information Technology and Mathematical Sciences

Course aim

To equip students with the appropriate knowledge and practical skills needed to analyse systems involving risk and uncertainty

Course content

Fundamental concepts of decision analysis, utility, risk analysis, Bayesian statistics, game theory, Markov decision processes and optimisation. The value of sampling information and optimal sample sizes, given sampling costs, and the economics of terminal decision problems.

Textbook(s)

Nil

Prerequisite(s)

A basic understanding of elementary probability and matrices.

Corequisite(s)

Nil

Teaching method

Component Duration
INTERNAL, CITY WEST
Lecture 2 hours x 13 weeks
Tutorial 1 hour x 12 weeks

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.


Assessment

Task Length Weighting Duration
INTERNAL, CITY WEST
Assignment 1 1000 word equivalent 15% N/A
Assignment 2 1000 word equivalent 15% N/A
Examination 2500 words equivalent 70% 2 hours

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 2)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
How to determine your Commonwealth Supported course fee. (Opens new window)

Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the Division offering the course. To determine the cost of this course, go to:
How to determine the relevant non award tuition fee. (Opens new window)

Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation

Course Coordinators

School of Information Technology and Mathematical

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