ECON2015 Optimisation Techniques for Economists

Later Year Course

Offered By	Research School of Economics General
Academic Career	Undergraduate
Course Subject	Economics
Offered in	First Semester, 2012 and First Semester, 2013
Unit Value	6 units
Course Description	This course provides a thorough coverage of static optimisation techniques as used in economics. It will be application oriented, and focus upon development of the following techniques and their applications in economics: Functions of one variable Differentiation Integration Single-variable optimization Functions of many variables Comparative statics Multivariable optimization Constrained optimization Introduction to matrix and vector algebra
Learning Outcomes	Upon successful completion of the requirements for this course, students will be able to: • Understand theorems and proofs presented in class • Solve static (constrained and unconstrained) optimization problems. • Use comparative statics tools to analyse these solutions. • Formulate basic economic models and analyse them using optimization techniques.
Indicative Assessment	A combination of regular Problem Sets, a midterm exam and a final exam.
Areas of Interest	Economics, Mathematics, and Statistics
Requisite Statement	EMET1001 Foundations of Economic and Financial Models
Other Information	Please refer to Course Website
Academic Contact	School of Economics

The information published on the Study at ANU 2012 website applies to the 2012 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2011 website.