ECC3840 - Mathematical economics

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Overview

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.

Offerings

S2-01-CLAYTON-ON-CAMPUS

Requisites

Prerequisite

Rules

Enrolment Rule

Contacts

Chief Examiner(s)

Dr Birendra Rai

Unit Coordinator(s)

Dr Birendra Rai

Learning outcomes

On successful completion of this unit, you should be able to:

develop the ability to read and understand the mathematics used in economics

develop the ability to formulate an economic question as a mathematical problem

learn to apply basic optimisation techniques.

Teaching approach

Problem-based learning

Active learning

Assessment

1 - Within semester assessment

2 - Examination

Scheduled and non-scheduled teaching activities

Lectures

Tutorials

Workload requirements

Workload

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.