ECON2125 Mathematics for Economists A
Later Year Course
| Offered By | School of Economics |
|---|---|
| Academic Career | Undergraduate |
| Course Subject | Economics |
| Offered in | First Semester, 2010 and First Semester, 2011 |
| Unit Value | 6 units |
| Course Description |
This course aims to introduce students to a wide range of mathematical concepts that are in frequent use by economists, with rigor. Students who complete this course successfully will be able to read most undergraduate level technical economics books. Roughly speaking, the course covers advanced calculus, linear algebra, set theory, and a little bit of optimization and mathematical analysis - all essential tools that are standard in modern economic analysis. Students wishing to pursue post graduate level programs in economics, finance, business or other social sciences are strongly advised to take this class and its sequence, ECON2127 Mathematics for Economists B, which is usually offered in semester 2. |
| Learning Outcomes | After taking the course ECON2125 or ECON8013 students are able to understand basic techniques of mathematical economics. These include differential and integral calculus, basic linear algebra, finite mathematics (sets, relations and functions) and their applications in economics (marginal utilities, finding maxima and minima of functions, etc...). They are able to graph functions, to understand arguments and simple formal proofs and to analyse economic problems of intermediate complexity using the mathematical necessary tools. |
| Indicative Assessment | Mid-semester and semester examinations. |
| Workload |
Two lectures and one tutorial per week. |
| Areas of Interest | Economics |
| Requisite Statement |
ECON1101 Microeconomics 1, and ECON1102 Macroeconomics 1 or ECON1100 Economics 1 (H), and ECON2015 Optimisation Techniques for Economists or 70% or better in EMET1001 Foundations of Economic and Financial Models |
| Preliminary Reading | Preliminary reading should be unnecessary for students who have completed Fundamentals of Economic and Financial Modelling recently and who have a firm understanding of this material. However, students without a solid knowledge of graphs and functions used in economic theory, calculus of a single variable and vectors, matrices and determinants should review Dowling, E.T., Schaum's Outline: Introduction to Mathematical Economics, Ch 1-4 & 7-11, McGraw Hill, 1992. |
| Other Information |
For further information please refer to the Course Website |
The information published on the Study at ANU 2010 website applies to the 2010 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2009 website.
