This course introduces students to a range of mathematical techniques and concepts required for modeling and analysing economic problems. Course topics include matrix algebra, calculus, static unconstrained and constrained optimisation, non-linear programming, difference and differential equations, optimal control theory and dynamic programming. The mathematical methods and techniques will be applied to specific problems from all areas of economics.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
On successfully completing this course, students are expected to:
- be familiar with a wide range of the mathematical concepts, formalisms and techniques that are standard in economic analysis
- correctly evaluate the content and meaning of the mathematical statements that appear in the economics literature (at least the simpler ones)
- have command of the mathematical techniques required for modelling and analysing the economic problems that appear in masters level courses in micro- and macroeconomics.
Other Information
Delivery Mode:
First semester, On Campus. 3 hours of lectures (usually arranged as 1 hour + 2 hours) and one, 1-hour, tutorial a week for a 13 week semester.
Indicative Assessment
Two in-class quizzes (each 7½ percent), a mid-term exam (25 percent) and a final exam (60 per cent) will be in the standard closed-book format.
The ANU uses 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. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.
Workload
Contact time of 4 hours and a total time of 10 hours a week (masters students) or 13 hours a week (graduate diploma students).
Prescribed Texts
Hoy, Michael, John Livernois, Chris McKenna, Ray Rees, and Thanasis Stengos (2001). Mathematics for Economics, 2nd edition. MIT Press.
Klein, Michael W. (2002). Mathematical Methods for Economists, 2nd edition. Addison-Wesley.
Adda, J., and R. Cooper (2003). Dynamic Economics. Cambridge. MIT Press.
Assumed Knowledge
Students should have undertaken at least undergraduate study of economics and have completed high school level mathematics including algebra and analysis up to basic differential calculus.
Fees
Tuition fees are for the academic year indicated at the top of the page.
If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
- Student Contribution Band:
- 3
- Unit value:
- 6 units
If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees. Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee |
|---|---|
| 2019 | $4320 |
- International fee paying students
| Year | Fee |
|---|---|
| 2019 | $5700 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
First Semester
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 2734 | 25 Feb 2019 | 04 Mar 2019 | 31 Mar 2019 | 31 May 2019 | In Person | View |