• Offered by Research School of Economics
  • ANU College ANU College of Business and Economics
  • Course subject Economics
  • Areas of interest Economics
  • Academic career UGRD
  • Course convener
    • Dr Ruitian Lang
    • Dr Yijuan Chen
  • Mode of delivery In Person
  • Co-taught Course
  • Offered in First Semester 2018
    Second Semester 2018
    See Future Offerings

The foundations of economic theory are based on mathematical models. Thus, a thorough understanding of the economic content of such models is not possible without a clear understanding of the mathematical concepts that underpin the modeling. Together with ECON2127 – Mathematics for Economists B, this course forms a two-semester sequence, which introduces students to a range of mathematical concepts and techniques that form the basis of advanced economic theory courses, such as the ones required of students enrolled in Honours, Masters and PhD programs. The introduced concepts and techniques will be derived from basic principles and assumptions as thoroughly as possible, and will be illustrated using standard applications from economics.

Due to the strong interdependence between the topics covered in the two courses, students are encouraged to take both courses as a sequence in the same year. Undergraduate students who are interested in pursuing an Honours or Post-graduate degree are also advised to take these courses as early as possible during their undergraduate studies. 

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

Upon a successful completion of this course, students should be able to:

  • Understand the mathematical methods that are most widely used in economics, both from a formal, abstract perspective, and an intuitive perspective.
  • Know how to read, understand, and construct mathematical proofs, and appreciate their role in the derivation of mathematical concepts and structures.
  • Apply mathematical methods and techniques that are formulated in abstract settings to concrete economic applications.

Other Information

See the course outline on the College courses page. Outlines are uploaded as they become available. 

Indicative Assessment

Two midterms worth 20% each and one end-of-semester examination (60%).

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

10 hours (2 lectures+1 tutorial+7 self)

Requisite and Incompatibility

To enrol in this course you must have completed ECON1101 and ECON1102 (or ECON1100) and ECON2015 (or EMET1001). Incompatible with ECON8013

Prescribed Texts

Carl P. Simon and Lawrence Blume, Mathematics for Economists, W.W. Norton, 1994.

Preliminary Reading

Students are encouraged to carefully read through the first seven chapters of the course textbook, which review material that students should be familiar with from EMET1001 – Foundations of Economic and Financial Models.

 

Fees

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.

Student Contribution Band:
3
Unit value:
6 units

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.

Units EFTSL
6.00 0.12500
Domestic fee paying students
Year Fee
2018 $3900
International fee paying students
Year Fee
2018 $5160
Note: Please note that fee information is for current year only.

Offerings, Dates and Class Summary Links

The list of offerings for future years is indicative only.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.

First Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
2574 19 Feb 2018 27 Feb 2018 31 Mar 2018 25 May 2018 In Person N/A

Second Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
9150 23 Jul 2018 30 Jul 2018 31 Aug 2018 26 Oct 2018 In Person N/A

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