ECC3840 - Mathematical economics - 2019

6 points, SCA Band 2, 0.125 EFTSL

Undergraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Faculty

Business and Economics

Organisational Unit

Department of Economics

Chief examiner(s)

Dr Birendra Rai

Coordinator(s)

Dr Birendra Rai

Unit guides

Offered

Clayton

  • Second semester 2019 (On-campus)

Prerequisites

ECC2000 or equivalent.

Synopsis

The unit will cover the main mathematical concepts and techniques used in economics. Applications in microeconomics and macroeconomics will be discussed. The emphasis will be on explaining the different ways in which the notions of equilibrium and optimality are used in economics.

Outcomes

The learning goals associated with this unit are to:

  1. develop the ability to read and understand the mathematics used in economics
  2. develop the ability to formulate an economic question as a mathematical problem
  3. learn to apply basic optimisation techniques.

Assessment

Within semester assessment: 50% + Examination: 50%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information