- 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
- Dr Long Chu
- Mode of delivery In Person
First Semester 2021
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:
- 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.
- Three computer-based quizzes (10% each) (30) [LO null]
- Mid-term exam (10) [LO null]
- Final exam (60) [LO null]
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A standard 6 unit course workload is 130 hours including in class time and independent study.
· 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.
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:
- Unit value:
- 6 units
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