This course is available for on-campus & remote (online) learning. All students participate in interactive, real-time classes.
This course introduces students to a range of mathematical techniques and concepts required for modelling and analysing economic problems. 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 various areas of economics.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- Formulate and solve mathematics-based problems in economics.
- Gain a command of the mathematical techniques required for modelling and analysing economic problems in postgraduate economics courses.
- Understand a wide range of mathematical concepts, formalisms, and techniques.
- Critically assess the content and meaning of the mathematical statements that appear in the economics literature.
- Use mathematical approaches to efficiently convey economic insights.
Indicative Assessment
- Quiz 1 (15) [LO 1,2,3]
- Quiz 2 (15) [LO 1,2,3]
- Group presentation (10) [LO 1,2,3,4,5]
- Final exam (60) [LO 1,2,3,4,5]
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
The standard workload for a 6 unit course is 120 hours including class time and independent study.
Inherent Requirements
Not applicable.
Prescribed Texts
Hoy, Michael, John Livernois, Chris McKenna, Ray Rees, and Thanasis Stengos (2022), Mathematics for Economics, 4th edition, Cambridge: MIT Press.
Preliminary Reading
Klein, Michael W. (2002), Mathematical Methods for Economists, 2nd edition, Addison-Wesley.
Adda, Jerome, and Russell W. Cooper (2003), Dynamic Economics: Quantitative Methods and Applications, Cambridge: MIT Press.
Suggested readings for each topic will be provided on Wattle.
Assumed Knowledge
Students are assumed to have foundational mathematics skills, including in algebra and calculus.
Fees
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you 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). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- 34
- Unit value:
- 6 units
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found 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 | Description |
|---|---|---|
| 2024 | $4680 | Standard Rate |
| 2024 | $3720 |
Grandfathered Rate*
*continuing students in nominated programs only. See fee website |
- International fee paying students
| Year | Fee |
|---|---|
| 2024 | $6000 |
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.
