- Code IDEC8020
- Unit Value 6 units
- Offered by Crawford School of Public Policy
- ANU College ANU College of Asia and the Pacific
- Course subject International and Developmental Economics
- Areas of interest Economics
- Academic career PGRD
- AsPr Hoang Chu
- Mode of delivery In Person
First Semester 2020
See Future Offerings
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This is a Master degree and PhD level course in applied economic dynamics, designed to introduce students to a range of concepts and techniques required for modelling and analysing economic problems. Topics include time-series econometrics, transitional dynamics, optimal control theory and recursive dynamic programming with applications to natural resource economics, ecological dynamics, macroeconomic dynamics and economic growth. In addition to paper-and-pen analysis, students will also use computers to solve common dynamic problems such as finance planning, infectious disease simulation and optimal fishing problems.
Upon successful completion, students will have the knowledge and skills to:
On successfully completing this course, students are expected to:
· Be familiar with a wide range of the mathematical concepts, formalisms and techniques that are commonly used to analyse dynamic structures in economics.
· Have confidence in the mathematical techniques required for modelling and analysing dynamic problems in economics.
· Be able to simulate/solve some common dynamic models in economics using computers.
Indicative AssessmentThree computer-based quizzes (10% each), a midterm exam (10%) and a final exam (60%)
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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· Mathematics: High school algebra, derivative/integration calculus and optimizations.
· Econometrics: Simple OLS regressions.
· Computer: MsExcel (Alternatively, works in one of the following platforms will be accepted: Matlab, R, C, Mathematica, Maple, Python, Julia, Visual Basic, Stata, Eviews).
Tuition fees are for the academic year indicated at the top of the page.
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- 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.
Offerings, Dates and Class Summary Links
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.