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
