ECON3121 Mathematical Economics
Later Year Course
| Offered By | School of Economics |
|---|---|
| Academic Career | Undergraduate |
| Course Subject | Economics |
| Offered in | ECON3121 will not be offered in 2009 |
| Unit Value | 6 units |
| Course Description |
Techniques of constrained optimisation including both equality and inequality constraints, maximum value functions and the envelope theorem; general equilibrium including fixed points, existence and uniqueness of competitive equilibria and the fundamental theorems of welfare economics; dynamic optimisation; the maximum principle; and dynamic programming and Bellman's Equation. |
| Indicative Assessment |
3-hour final examination and problem sets. |
| Workload |
Two lectures per week with tutorials throughout the semester. |
| Areas of Interest | Economics |
| Requisite Statement |
ECON2125 Mathematics for Economists A and ECON2127 Mathematics for Economists B (or prior study of university mathematics to an appropriate level) and ECON2101/2111 Microeconomics 2 (P or H) and ECON2102/2112 Macroeconomics 2 (P or H). |
| Incompatibility |
with ECON2121/2122 and ECON2023/2024 Mathematical Economics 1A and 1B (P/H). |
| Preliminary Reading |
Chiang, A.C., Fundamental Methods of Mathematical Economics, McGraw. |
| Other Information |
For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=ECON3121 |
| Science Group | C |
The information published on the Study at ANU 2009 website applies to the 2009 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2008 website.
