This course introduces fundamental mathematical techniques to be used in applied economics. It serves as a preparation for students who will continue to do Mathematical Methods in Applied Economics (IDEC8015) and Graduate Diploma Microeconomics (IDEC 8016). The course covers topics on linear algebra and calculus. It gives students a taste of applying mathematics in economic analysis. Students are encouraged to actively participate in class discussions.
Upon successful completion, students will have the knowledge and skills to:1. understand basic linear algebra concepts, such as vector space, matrices, matrix operations, and the determinant and inverse of a matrix;
2. understand how linear algebra relates to economics and how linear algebra techniques can be used to solve a system of linear equations in an applied economic context;
3. describe the concept of a mathematical function, understand properties of functions, and use functions to describe and solve economic problems;
4. have a command of basic calculus, including rules of differentiation;
5. formulate economic problems using multivariate functions and be familiar with unconstrained optimisation techniques;
6. understand the concept of constrained optimization and its application in economics.
Indicative AssessmentA range of formative and summative assessment tasks will be used to aid student learning. Feedback will be provided on all tasks. Completion of all tasks is required.
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WorkloadApproximately 30 hours class, with an equivalent number of hours in self study
Requisite and Incompatibility
You will need to contact the Crawford School of Public Policy to request a permission code to enrol in this course.
Prescribed TextsMathematics for Economics
Author: Hoy, M, Livernois, J, McKenna, C, Rees, R & StengosPublisher: MIT Press, CambridgeEdition: 3rd
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.
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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.
Offerings, Dates and Class Summary Links
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
|Class number||Class start date||Last day to enrol||Census date||Class end date||Mode Of Delivery||Class Summary|
|1626||04 Jan 2016||05 Feb 2016||05 Feb 2016||12 Feb 2016||In Person||N/A|