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 the Kuhn-Tucker theorem and conditions. Throughout the course, the usefulness of these concepts and techniques will be illustrated by applications to theoretical economic analysis.

Mid-semester and semester examinations.

Two lectures and one tutorial per week.

ECON1101 Microeconomics 1 and ECON1102 Macroeconomics 1 or ECON1100 Economics 1 (H), or ECON1001/1011 Economics I (P or H), and EMET1001 Foundations of Economic and Financial Models or STAT1006 Quantitative Methods for Business and Economics 1.

It should be unnecessary for students who have completed Fundamentals of Economic and Financial Modelling recently and who have a firm understanding of this material. However, students without a solid knowledge of graphs and functions used in economic theory, calculus of a single variable and vectors, matrices and determinants should review Dowling, E.T., Schaum's Outline: Introduction to Mathematical Economics, Ch 1-4 & 7-11, McGraw Hill, 1992.

For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=ECON2125