- Code IDEC8015
- 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 Hoa Nguyen
- Mode of delivery In Person
First Semester 2023
See Future Offerings
This course is available for on-campus & remote (online) learning. All students participate in interactive, real-time classes.
This course introduces students to a range of mathematical techniques and concepts required for modeling and analysing economic problems. Course topics include matrix algebra, calculus, static unconstrained and constrained optimisation, non-linear programming, difference and differential equations, optimal control theory and dynamic programming. The mathematical methods and techniques will be applied to specific problems from all areas of economics.
Upon successful completion, students will have the knowledge and skills to:
- Formulate and solve simple mathematics-based problems in economics.
- Gain a command of the mathematical techniques required for modelling and analysing economic problems in postgraduate economics courses.
- Understand a wide range of mathematical concepts, formalisms, and techniques.
- Critically assess the content and meaning of the mathematical statements that appear in economics literature.
- Two quizzes (30) [LO 1,2,3,4]
- Group presentation (10) [LO 1,2,3,4]
- Final exam (60) [LO 1,2,3,4]
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.
The standard workload for a 6 unit course is 120 hours including class time and independent study.
Hoy, Michael, John Livernois, Chris McKenna, Ray Rees, and Thanasis Stengos (2022), Mathematics for Economics, 4th edition, Cambridge: MIT Press.
Klein, Michael W. (2002), Mathematical Methods for Economists, 2nd edition, Addison-Wesley.
Adda, Jerome, and Russell W. Cooper (2003), Dynamic Economics: Quantitative Methods and Applications, Cambridge: MIT Press.
Suggested readings for each topic are provided on Wattle.
Students should have undertaken at least undergraduate study of economics and have completed high school level mathematics including algebra and analysis up to basic differential calculus.
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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