| Offered By: |
School of Economics |
| Academic Career: |
Graduate Coursework |
| Course Subject: |
Economics |
| Offered in: |
First Semester, 2009 and First Semester, 2010 |
| Unit Value: |
6 units |
| Course Description: |
The course will start with a brief review of graphs and functions used in economic theory, calculus of a single variable, vectors, matrices and determinants. It will then examine partial derivatives and total derivatives; comparative statics; concavity and convexity; unconstrained maximisation/minimisation; maximisation/minimisation subject to constraints; the implicit function theorem and the envelope theorem; and integration and Liebniz?s Rule. Throughout the course, the usefulness of these concepts and techniques will be illustrated by applications to theoretical economic analysis. |
| Learning Outcomes: |
After taking the course ECON2125 or ECON8013 students are able to understand basic techniques of mathematical economics. These include differential and integral calculus, basic linear algebra, finite mathematics (sets, relations and functions) and their applications in economics (marginal utilities, finding maxima and minima of functions, etc...). They are able to graph functions, to understand arguments and simple formal proofs and to analyse economic problems of intermediate complexity using the mathematical necessary tools. |
| Indicative Assessment: |
Mid-term exam: 30% Final exam: 70%
|
| Workload: |
5 hrs contact time (plus at least 10 hrs of own time, depending on own individual background in math). |
| Course Classification(s): |
|
| Areas of Interest: |
Econometrics and Economics |
| Eligibility: |
At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree with introductory level courses in Economics, Statistics and Econometrics |
| Prescribed Texts: |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8013 |
| Preliminary Reading: |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8013 |
| Indicative Reading List: |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8013 |
| Programs: |
Graduate Diploma in Applied Economics, Graduate Diploma in Economic Policy, Graduate Diploma in Economics, and Graduate Diploma in International Trade and Economic Relations |
| Other Information: |
For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8013 |
| Academic Contact: |
Seehttp://ecocomm.anu.edu.au/courses/course.asp?code=ECON8013 |
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