Skip to content | Change text size

ECC4850 - Mathematical economic theory

6 points, SCA Band 2, 0.125 EFTSL

Undergraduate, Postgraduate Faculty of Business and Economics

Leader: Associate Professor Vai-Lam Mui


Clayton First semester 2007 (Day)


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; consumption theory; use of duality theory; growth models; Hamilton Jacobi theory; discrete time stochastic models; selected current applications.


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

Contact hours

Three contact hours per week


ECC3840 or ETC3400 or ETC3410 or a mathematics unit