This course will provide a solid grounding in programming and computational methods for quantitative economic modeling. Students will learn how to use existing numerical algorithms routinely used in economic modeling, such as optimization, linear algebra and basic simulation, as well as how to design, plan and implement specific algorithms for quantitative economic analysis (e.g., dynamic programming, competitive equilibria, solving games). Students will also learn to obtain and manipulate economic and financial data (e.g., use existing data APIs or web scraping) and implement statistical routines such as regression and classification, or new tools from data science. The course will include a project component.
Upon successful completion, students will have the knowledge and skills to:By the end of this course students will have:
- Familiarity with numerical techniques commonly used in economics
- Programming and software engineering skills suitable for economic modeling
- Experience in using computational skills in a research project
- Individual test-assignment with feedback (by week 4)
- Mid-term Report (40%)
- Individual Analytical Project (60%)
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Workload2 hour lecture + 2 hour tutorial in computer lab
Requisite and Incompatibility
- Jérôme Adda, Russell W. Cooper “Dynamic Economics: Quantitative Methods andApplications”, MIT Press, 2003
- Quantitative Economics online resource
- Ken Wolpin “The Limits of Inference without Theory”, MIT Press, 2013
- Rust, John (2014): "The Limits of Inference with Theory: A Review of Wolpin (2013)."Journal of Economic Literature, 52(3): 820-50.
Assumed KnowledgeGeneral knowledge of mathematical techniques in economics and basic programming skills.
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
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course 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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