• Offered by Research School of Economics
• ANU College ANU College of Business and Economics
• Course subject Econometrics
• Areas of interest Econometrics, Economics, Finance
• Academic career UGRD
• Course convener
• AsPr Jose Rodrigues Neto
• Dr Tue Gorgens
• Mode of delivery In Person
• Offered in First Semester 2022
Second Semester 2022
Foundations of Economic and Financial Models (EMET1001)

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.

The course teaches the mathematical foundations of models in economics, business and finance and its applications. Mathematical topics covered include set theory, functions, series, limits, univariate and multivariate calculus, unconstrained and constrained optimisation, matrix algebra. Applications include effective interest rates, present value, annuities, production functions, average and marginal cost functions, profit maximisation.

## Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

1. demonstrate an understanding of mathematical techniques discussed;
2. be able to formulate economic problems in mathematical terms and apply the tools provided to analyse them correctly and precisely;
3. demonstrate an understanding of the common functional forms and rules used in derivatives and integrals of functions that frequently appear in economic models;
4. apply the basic principles of maximisation and minimisation to optimisation problems in economics and find the correct solutions to these problems;
5. apply matrix algebra to simple economic problems and linear models, demonstrating the ability to solve linear systems of equations in matrix form;
6. make use of basic principles of financial arithmetic in economic and financial problems to compute solutions.

## Indicative Assessment

1. Assessment may consist of a Final Exam, mid-semester exam(s), quizzes, assignments or some combination thereof. See the Class Summary for details. (100) [LO 1,2,3,4,5,6]

The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.

## Workload

130 hours in total over the semester consisting of lectures, tutorials and private study time.

Not applicable

## Prescribed Texts

See Class Summary

## Fees

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:
34
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.

Where there is a unit range displayed for this course, not all unit options below may be available.

Units EFTSL
6.00 0.12500

## Course fees

Domestic fee paying students
Year Fee
2022 \$4440
International fee paying students
Year Fee
2022 \$5700
Note: Please note that fee information is for current year only.

## Offerings, Dates and Class Summary Links

ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.

The list of offerings for future years is indicative only.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.

### First Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
4334 21 Feb 2022 28 Feb 2022 31 Mar 2022 27 May 2022 In Person View

### Second Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
7446 25 Jul 2022 01 Aug 2022 31 Aug 2022 28 Oct 2022 In Person View

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