This is a Master- 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. The methods will be applied to analyse issues in natural resource economics, ecological dynamics, macroeconomic dynamics, financial planning, and economic growth. In addition to pen-and-paper analysis, students will use computers to carry out infectious disease simulation and analyse dynamic problems in fisheries management.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- Demonstrate mastery of the concepts, formalisms, and techniques that are commonly used to analyse dynamic structures in economics.
- Demonstrate competency in the quantitative analytical skills required for intertemporal and planning models.
- Demonstrate the capacity to apply the analytical methods to real-world modelling and analysis of dynamic problems in economics.
- Plan, design, and execute common intertemporal policy analysis using computers.
- Communicate dynamic-analysis methods and results in written form to technical and non-technical audiences.
Indicative Assessment
- Three computer-based quizzes (15% each) (45) [LO 1,2,3,4]
- Final exam (55) [LO 1,2,3,4,5]
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Workload
A standard 6 unit course workload is 130 hours including class time and independent study.
Inherent Requirements
Not applicable.
Prescribed Texts
None.
Preliminary Reading
A reading list will be available from the Wattle site of the course.
Assumed Knowledge
Mathematics: Algebra and calculus. Econometrics: OLS regressions. Computer skills: Excel or one of the following platforms: Matlab, R, C, Mathematica, Maple, Python, Julia, Visual Basic, Stata, EViews.
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 |
Offerings, Dates and Class Summary Links
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