This course provides a thorough coverage of static optimisation techniques as used in economics. It will be application oriented, and focus upon development of the following techniques and their applications in economics:
- Functions of one variable
- Single-variable optimisation
- Functions of many variables
- Comparative statics
- Multivariable optimisation
- Constrained optimisation
- Introduction to matrix and vector algebra
Upon successful completion, students will have the knowledge and skills to:
Upon successful completion of the requirements for this course, students will be able to:
• Understand theorems and proofs presented in class
• Solve static (constrained and unconstrained) optimization problems.
• Use comparative statics tools to analyse these solutions.
• Formulate basic economic models and analyse them using optimization
See the course outline on the College courses page. Outlines are uploaded as they become available.
A combination of regular problem sets, a midterm exam and a final exam.
In response to COVID-19: Please note that Semester 2 Class Summary information (available under the classes tab) is as up to date as possible. Changes to Class Summaries not captured by this publication will be available to enrolled students via Wattle.
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Requisite and Incompatibility
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:
- 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.