MONASH UNIVERSITY FACULTY HANDBOOKS
Business & Economics Handbook 1996
Published by Monash University
Clayton, Victoria 3168, Australia
Authorised by Academic Registrar, April 1996
ECO3840
Mathematical economics
Dr Xiaokai Yang
6 points + Two 1.5-hour lectures per week + Second semester + Clayton +
Prerequisites: Mathematics 123 or equivalent and EC2020 or equivalent + This
subject has a substantial mathematics content and students who have not
completed a pass in group 1 VCE mathematics subject will have difficulty in
handling the subject. Such students should consult the lecturer of the subject
prior to enrolling.
Objectives On completion of this subject students should be able to
analyse mathematically many of the basic economic problems introduced in
earlier years and apply the mathematical analysis to a range of other economic
topics.
Synopsis The subject will cover, in mathematical terms, many of the
areas treated more intuitively in first-year microeconomics, eg consumer
demand, the theory of the firm, equilibrium and Pareto optimum. However, a
significant portion of the lectures will deal with topics not covered earlier,
such as non-linear programming, game theory, and dynamic optimisation.
Assessment Assignments: 30% + Examination (3 hours): 70%
Recommended reading
- Chiang A Fundamental methods of mathematical economics McGraw-Hill,
1984
- Kreps D A course of microeconomics Princeton University Press, 1990
- Yang X and Ng Y-K Specialization and economic organization
North-Holland, 1993
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