The course teaches the mathematical foundations of models in economics, business and finance and its applications. Mathematical topics covered include set theory, functions, series, limits, univariate and multivariate calculus, unconstrained and constrained optimisation, matrix algebra. Applications include effective interest rates, present value, annuities, production functions, average and marginal cost functions, profit maximisation.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

1. Have a sound knowledge of mathematical techniques discussed
2. Formulate economic problems in mathematical terms and apply the tools provided in the module for analysing them.
3. Demonstrate solid knowledge of many of the common functional forms used in economics and their derivatives
4. Apply matrix algebra to simple economic problems and models
5. Make use of some basic principles of financial arithmetic in economic and financial problems

Research-Led Teaching

Modern economic research involves either developing theoretical models or analyzing empirical data (or both). This course prepares students for the former research approach by introducing them to some major mathematical tools used in microeconomics and econometrics.

Examination Material or equipment

One double-sided A4 sheet (handwritten or typed) and a non-programmable calculator.

Recommended Resources

Sydsaeter, K. P. Hammond, A. Stroem, and A. Carvajal (2016). Essential Mathematics for Economic Analysis, 5th edition. Harlow: Pearson Education. (Main; on Chifley 2-hour reserve.)

Simon, C. P., and L. Blume (1994). Mathematics for Economists. New York: W. W. Norton&Company, Inc. (On Chifley 2-hour reserve.)

Staff Feedback

Students will be given feedback in the following forms in this course:

• written comments
• verbal comments
• feedback to whole class, groups, individuals, focus group etc

Student Feedback

ANU is committed to the demonstration of educational excellence and regularly seeks feedback from students. Students are encouraged to offer feedback directly to their Course Convener or through their College and Course representatives (if applicable). The feedback given in these surveys is anonymous and provides the Colleges, University Education Committee and Academic Board with opportunities to recognise excellent teaching, and opportunities for improvement. The Surveys and Evaluation website provides more information on student surveys at ANU and reports on the feedback provided on ANU courses.

Other Information

Your raw marks are computed using the weights on the assessment shown above. Your final mark may reflect some scaling from the raw marks; any scaling would preserve the rank of students.

If you are a new full-time postgraduate student of Research School of Economics, you are expected to take all of the following units in this semester: ECON7073, ECON7074, EMET7001, and STAT7055.

Class Schedule

Week/Session	Summary of Activities	Assessment
1	Solving equations
2	Linear systems of equations
3	Vector and matrix algebra	Assignment 1
4	Sets and functions
5	Derivatives	Assignment 2
6	Some elementary functions
7	Sequences
8	Continuity
9	Optimization on an interval	Assignment 3
10	Integration
11	Computing integrals	Assignment 4
12	Partial derivatives

Assessment Summary

Assessment task	Value	Due Date	Return of assessment	Learning Outcomes
Assignment 1	5 %	11/03/2019	18/03/2019	1, 2, 4
Assignment 2	5 %	25/03/2019	30/03/2019	1, 3
Assignment 3	5 %	02/05/2019	09/05/2019	1,2,3,5
Assignment 4	5 %	16/05/2019	23/05/2019	1,2,3,5
Written mid-semester examination	30 %	01/04/2019	17/05/2019	1,2,3,4
Final examination	50 %	06/06/2019	04/07/2019	1,2,3,4,5

* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details

Policies

ANU has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University’s academic standards, and implement them. Students are expected to have read the Academic Misconduct Rule before the commencement of their course. Other key policies and guidelines include:

• Student Assessment (Coursework) Policy and Procedure
• Special Assessment Consideration Policy and General Information 
• Student Surveys and Evaluations
• Deferred Examinations
• Student Complaint Resolution Policy and Procedure

Assessment Requirements

The ANU is using Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. For additional information regarding Turnitin please visit the ANU Online website. In rare cases where online submission using Turnitin software is not technically possible; or where not using Turnitin software has been justified by the Course Convener and approved by the Associate Dean (Education) on the basis of the teaching model being employed; students shall submit assessment online via ‘Wattle’ outside of Turnitin, or failing that in hard copy, or through a combination of submission methods as approved by the Associate Dean (Education). The submission method is detailed below.

Moderation of Assessment

Marks that are allocated during Semester are to be considered provisional until formalised by the College examiners meeting at the end of each Semester. If appropriate, some moderation of marks might be applied prior to final results being released.

Participation

Participation is not assessed, but is essential to do well in this course.

Examination(s)

30% for the formal mid-semester exam (120 minutes), and 50% for the final exam (180 minutes) during the exam period.

Assessment Task 1

Assignment 1

5%. Students solve problems using theory covered in the course, and the problems are designed to develop their analytical skills. Late submissions not permitted without extensions.

Expected word count: 1000.

Assessment Task 2

Assignment 2

5%. Students solve problems using theory covered in the course, and the problems are designed to develop their analytical skills. Late submissions not permitted without extensions.

Expected word count: 1000.

Assessment Task 3

Assignment 3

5%. Students solve problems using theory covered in the course, and the problems are designed to develop their analytical skills. Late submissions not permitted without extensions.

Expected word count: 1000.

Assessment Task 4

Assignment 4

5%. Students solve problems using theory covered in the course, and the problems are designed to develop their analytical skills. Late submissions not permitted without extensions.

Expected word count: 1000.

Assessment Task 5

Written mid-semester examination

30%. The exam will be 120-minute long and scheduled in Week 6, 7 or 10. Details will be advised later in the semester. One double-sided A4 sheet (handwritten and typed) and a non-programmable calculator will be allowed. It covers material from the first five weeks and counts for 30% of the course.

Assessment Task 6

Final examination

50%. The exam will be 180-minute long and during the examination period. Details will be available on Timetabling later in the semester. One double-sided A4 sheet (handwritten or typed) and a non-programmable calculator will be allowed. It covers material from the entire semester, including those that are covered in the mid-semester exam.

Academic Integrity

Academic integrity is a core part of our culture as a community of scholars. At its heart, academic integrity is about behaving ethically. This means that all members of the community commit to honest and responsible scholarly practice and to upholding these values with respect and fairness. The Australian National University commits to embedding the values of academic integrity in our teaching and learning. We ensure that all members of our community understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. The ANU expects staff and students to uphold high standards of academic integrity and act ethically and honestly, to ensure the quality and value of the qualification that you will graduate with. The University has policies and procedures in place to promote academic integrity and manage academic misconduct. Visit the following Academic honesty & plagiarism website for more information about academic integrity and what the ANU considers academic misconduct. The ANU offers a number of services to assist students with their assignments, examinations, and other learning activities. The Academic Skills and Learning Centre offers a number of workshops and seminars that you may find useful for your studies.

Online Submission

You will be required to electronically sign a declaration as part of the submission of your assignment. Please keep a copy of the assignment for your records. Unless an exemption has been approved by the Associate Dean (Education) submission must be through Turnitin.

Hardcopy Submission

N/A

Late Submission

Individual assessment tasks may or may not allow for late submission. Policy regarding late submission is detailed below:

• Late submission not permitted. If submission of assessment tasks without an extension after the due date is not permitted, a mark of 0 will be awarded.
• Late submission permitted. Late submission of assessment tasks without an extension are penalised at the rate of 5% of the possible marks available per working day or part thereof. Late submission of assessment tasks is not accepted after 10 working days after the due date, or on or after the date specified in the course outline for the return of the assessment item. Late submission is not accepted for take-home examinations.

Referencing Requirements

Accepted academic practice for referencing sources that you use in presentations can be found via the links on the Wattle site, under the file named “ANU and College Policies, Program Information, Student Support Services and Assessment”. Alternatively, you can seek help through the Students Learning Development website.

Returning Assignments

Submissions will be marked via Turnitin. Comments will be added and marks will be given.

Extensions and Penalties

Extensions and late submission of assessment pieces are covered by the Student Assessment (Coursework) Policy and Procedure. The Course Convener may grant extensions for assessment pieces that are not examinations or take-home examinations. If you need an extension, you must request an extension in writing on or before the due date. If you have documented and appropriate medical evidence that demonstrates you were not able to request an extension on or before the due date, you may be able to request it after the due date.

Privacy Notice

The ANU has made a number of third party, online, databases available for students to use. Use of each online database is conditional on student end users first agreeing to the database licensor’s terms of service and/or privacy policy. Students should read these carefully. In some cases student end users will be required to register an account with the database licensor and submit personal information, including their: first name; last name; ANU email address; and other information.
In cases where student end users are asked to submit ‘content’ to a database, such as an assignment or short answers, the database licensor may only use the student’s ‘content’ in accordance with the terms of service – including any (copyright) licence the student grants to the database licensor. Any personal information or content a student submits may be stored by the licensor, potentially offshore, and will be used to process the database service in accordance with the licensors terms of service and/or privacy policy.
If any student chooses not to agree to the database licensor’s terms of service or privacy policy, the student will not be able to access and use the database. In these circumstances students should contact their lecturer to enquire about alternative arrangements that are available.

Distribution of grades policy

Academic Quality Assurance Committee monitors the performance of students, including attrition, further study and employment rates and grade distribution, and College reports on quality assurance processes for assessment activities, including alignment with national and international disciplinary and interdisciplinary standards, as well as qualification type learning outcomes.

Since first semester 1994, ANU uses a grading scale for all courses. This grading scale is used by all academic areas of the University.

Support for students

The University offers students support through several different services. You may contact the services listed below directly or seek advice from your Course Convener, Student Administrators, or your College and Course representatives (if applicable).

• ANU Health, safety & wellbeing for medical services, counselling, mental health and spiritual support
• ANU Diversity and inclusion for students with a disability or ongoing or chronic illness
• ANU Dean of Students for confidential, impartial advice and help to resolve problems between students and the academic or administrative areas of the University
• ANU Academic Skills and Learning Centre supports you make your own decisions about how you learn and manage your workload.
• ANU Counselling Centre promotes, supports and enhances mental health and wellbeing within the University student community.
• ANUSA supports and represents undergraduate and ANU College students
• PARSA supports and represents postgraduate and research students