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ECC4850

Mathematical economic theory (6 points)

(BUS)

Leader: Associate Professor Vai-Lam Mui

Offered:
Clayton Second semester 2004 (Day)

Synopsis: Mathematical preliminaries; static optimisation theory; introduction to calculus of variations and optimal control theory; necessary and sufficient conditions; investment theory; costs of adjustment, neoclassical, q theory; use of duality theory; growth models; Hamilton Jacobi theory; discrete time stochastic models; selected current applications

Assessment: Written (three assignments): 40% + Examination (3 hours): 60%

Contact Hours: Two 1.5 hour lectures per week

Prerequisites: ECC3840 or ETC3400 or ETC3410 or a mathematics unit


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