| Offered By: |
School of Economics |
| Academic Career: |
Graduate Coursework |
| Course Subject: |
Economics |
| Offered in: |
First Semester, 2008 |
| 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 successfully completing this course, students are expected to:
- Learn a wide range of mathematical concepts, formalisms and techniques that are standard in economic analysis.
- Correctly evaluate the content of simple math statements and their meaning in an economic context.
- Be prepared to take more advanced courses in economics and other sciences that use similar techniques. |
| 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 Outine: http://ecocomm.anu.edu.au/courses/outline/ECON2125.pdf |
| Preliminary Reading: |
See Course Outine: http://ecocomm.anu.edu.au/courses/outline/ECON2125.pdf |
| Indicative Reading List: |
See Course Outine: http://ecocomm.anu.edu.au/courses/outline/ECON2125.pdf |
| Programs: |
Graduate Diploma in Applied Economics, Graduate Diploma in Economics, Graduate Diploma in Economic Policy, 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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