EMET7001 Introduction to Analysis of Economic Models and Data

Offered By	Research School of Economics General
Academic Career	Graduate Coursework
Course Subject	Econometrics
Offered in	Second Semester, 2012 and Second Semester, 2013
Unit Value	6 units
Course Description	The course teaches the mathematical foundations of models in economics, business and finance and its applications. Mathematical topics covered include set theory, functions, series, limits, univariate and multivariate calculus, unconstrained and constrained optimisation, matrix algebra. Applications include effective interest rates, present value, annuities, production functions, average and marginal cost functions, profit maximisation.
Learning Outcomes	By the end of the course students will: • have a sound understanding of mathematical techniques discussed • formulate economic problems in mathematical terms and apply the tools provided in the module for analysing them. • demonstrate an understanding of many of the common functional forms used in economics their derivatives • apply the basic principles of maximisation and minimisation to optimisation problems • apply matrix algebra to simple economic problems and models • make use of some basic principles of financial arithmetic in economic and financial problems
Indicative Assessment	(subject to change) 85% of the overall course mark composed from the EMET1001 part of the course (see EMET1001) 15% of the overall course mark based on a tutorial/seminar essay. See Course Website.
Workload	Three lectures and two tutorials per week.
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.
Incompatibility	Incompatible with EMET1001. Students who completed EMET1001 are not allowed to enrol in EMET7001.
Prescribed Texts	Maths for Economics, by Geoff Renshaw, 2ed, Oxford University Press, 2008
Programs	Graduate Certificate in Economic Policy and Graduate Certificate in Economic Policy
Other Information	For further information please refer to course website

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.