- 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
- Dr Hoa Nguyen
- Mode of delivery In Person
First Semester 2021
See Future Offerings
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:
- be familiar with a wide range of the mathematical concepts, formalisms and techniques that are standard in economic analysis
- correctly evaluate the content and meaning of the mathematical statements that appear in the economics literature (at least the simpler ones)
- have command of the mathematical techniques required for modelling and analysing the economic problems that appear in masters level courses in micro- and macroeconomics.
First semester, On Campus. 3 hours of lectures (usually arranged as 1 hour + 2 hours) and one, 1-hour, tutorial a week for a 13 week semester.
- Two in-class quizzes (each 7½ percent), (15) [LO null]
- Mid term exam (25) [LO null]
- Final exam - standard closed book format (60) [LO null]
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Contact time of 4 hours and a total time of 10 hours a week (masters students) or 13 hours a week (graduate diploma students).
Hoy, Michael, John Livernois, Chris McKenna, Ray Rees, and Thanasis Stengos (2001). Mathematics for Economics, 2nd edition. MIT Press.
Klein, Michael W. (2002). Mathematical Methods for Economists, 2nd edition. Addison-Wesley.
Adda, J., and R. Cooper (2003). Dynamic Economics. Cambridge. MIT Press.
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
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- Unit value:
- 6 units
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