ECC4850 - Mathematical economic theory

Leader: Associate Professor Vai-Lam Mui

Offered

Clayton First semester 2007 (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; consumption 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

Three contact hours per week

Prerequisites

ECC3840 or ETC3400 or ETC3410 or a mathematics unit