ECON8014 Mathematical Techniques in Economics II
| Offered By | School of Economics |
|---|---|
| Academic Career | Graduate Coursework |
| Course Subject | Economics |
| Offered in | Second Semester, 2009 and Second Semester, 2010 |
| Unit Value | 6 units |
| Course Description |
The foundations of economic theory are based on mathematical models. Thus, a thorough understanding of the economic content of such models is not possible without a clear understanding of the mathematical concepts that underpin the modelling. The objective of this course is to prepare students for advanced courses in economic theory, such as the ones required of students enrolled in Honours, Masters and PhD programs, by discussing fundamental tools and concepts of mathematics on which these courses are based. The common thread in our approach will be the analysis of dynamical systems and of dynamic optimization methods. On a more fundamental level, we will attempt to understand the corresponding techniques by analysing how and why they can be derived from certain basic assumptions using standard mathematical ideas. |
| Learning Outcomes | The objective of this course is to prepare students for advanced courses in economic theory, such as the ones required of students enrolled in Honours, Masters and PhD programs, by discussing fundamental tools and concepts of mathematics on which such courses are based. The main focus will be to provide an introduction to the mathematical techniques used to analyse dynamical systems in economics, including a discussion of dynamic optimization methods. Topics covered are difference equations, markov chains, dynamic programming, differential equations, and optimal control theory. |
| Indicative Assessment |
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| Workload | 12 hours per week |
| Course Classification(s) | AdvancedAdvanced courses are designed for students having reached 'first degree' level of assumed knowledge, which provide a deep understanding of contemporary issues; or 'second degree' and higher levels of knowledge; or for transition to research training programs. and TransitionalTransitional courses are designed for students from a broad range of backgrounds and learning achievements, which provide for the acquisition of generic skills; or an informed understanding of contemporary issues; or fundamental knowledge for transition to Advanced or Specialist courses. |
| Areas of Interest | Econometrics and Economics |
| Eligibility | At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree with introductory level courses in Economics, Statistics and Econometrics |
| Prescribed Texts |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8014 |
| Preliminary Reading |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8014
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| Indicative Reading List |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8014 |
| Programs | Graduate Diploma in Applied Economics, Graduate Diploma in Economic Policy, Graduate Diploma in Economics, Master of Applied Economics, Master of Economic Policy, Master of International and Development Economics, Master of International Trade and Economic Relations, and Master of Economics |
| Other Information |
For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8014 |
| Academic Contact | See http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8014 |
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.
