ECON8013 Mathematical Techniques in Economics I
ECON8013 is only available under certain award programs.
| Offered By | School of Economics |
|---|---|
| Academic Career | Graduate Coursework |
| 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, ECON8014 Mathematical Techniques in Economics II, 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 |
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| Workload | Two lectures and one tutorial per week, making a total of 5 hours per week (plus at least 10+ hours of students own time). |
| Course Classification(s) | 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 |
| Recommended Courses | Students can enroll into ECON8013 directly, but are strongly advised to haven taken ECON6015 Optimisation Techniques for Economists first. Students who do not have a significant math background, or students who have taken math courses for the last time more than 2 years ago should not take ECON8013 before obtaining a good result in ECON6015. |
| Prescribed Texts | Carl P. Simon and Lawrence Blume, Mathematics for Economists, First Edition, 1994, W.W. Norton and Company, plus class notes. |
| Preliminary Reading |
See Course Website |
| Indicative Reading List |
See Course Website |
| Programs | Graduate Diploma in Economics, Graduate Diploma in Applied Economics, Graduate Diploma in Economic Policy, Graduate Diploma in International Trade and Economic Relations, Graduate Diploma in Applied Economics, Graduate Diploma in Economics, Graduate Diploma in International Trade and Economic Relations, Master of Applied Economics, Master of Economic Policy, and Master of Economics |
| Other Information |
See Course Website |
| Academic Contact | Seehttp://ecocomm.anu.edu.au/courses/course.asp?code=ECON8013 |
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.
