- Code ECON8013
- Unit Value 6 units
- Offered by Research School of Economics
- ANU College ANU College of Business and Economics
- Course subject Economics
- Areas of interest Econometrics, Economics
- Academic career PGRD
- Mode of delivery In Person
This course involves on campus teaching. For students unable to come to campus there will be a remote option. See the Class Summary for more details.
Modern economic theory is based on mathematical models. Thus, a thorough understanding of the economic content of such models is not possible without a clear understanding of optimisation techniques that underpin the modeling. Course introduces students to a range of optimisation concepts and techniques for economics and financial economics that form the basis of advanced economic theory courses. 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.
Upon successful completion, students will have the knowledge and skills 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.
This course will replace ECON6015 Optimisation Techniques for Economists in the Graduate Diploma of Economics program in 2015.
- Two midterms worth 20% eachand one end-of-semester examination (60%) (20) [LO null]
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Workload12 hours (3 lectures+1 tutorial+8 self)
Requisite and Incompatibility
Students who would like to review pre-requisite material before starting ECON6015/ECON8013 may look at textbooks such as Essential Mathematics for Economics and Business by Teresa Bradley (fourth edition 2013) or Essential Mathematics for Economic Analysis by Knut SydsÃ¦ter and Peter Hammond (fourth edition 2012).
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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