ECC3840

Mathematical economics

(BUS)

Dr Xiaokai Yang

6 points + Two 1.5-hour lectures per week + Second semester + Clayton + Prerequisites: Mathematics 123 or equivalent and ECC2000 or equivalent + This subject has a substantial mathematics content and students who have not completed a pass in group 1 VCE mathematics subject will have difficulty in handling the subject. Such students should consult the lecturer of the subject prior to enrolling

Synopsis: The subject will cover, in mathematical terms, many of the areas treated more intuitively in first-year microeconomics, eg consumer demand, the theory of the firm, equilibrium and Pareto optimum. However, a significant portion of the lectures will deal with topics not covered earlier, such as non-linear programming, game theory, and dynamic optimisation.

Assessment: Assignments: 30% + Examination (3 hours): 70%