ECC5850 - Mathematical economic theory

Leader(s): Associate Professor Vai Lam Mui

Offered

Clayton First semester 2009 (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

3 hours per week