Monash University Handbooks 2008

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

Offered

Clayton First semester 2008 (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

Within semester assessment: 40%
Examination (3 hours): 60%

Contact hours

Three contact hours per week

Prerequisites

ECC3840 or ETC3400 or ETC3410 or a mathematics unit

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