Mathematical Economics
Subject ECON30020 (2011)
Note: This is an archived Handbook entry from 2011.
Credit Points:  12.50  

Level:  3 (Undergraduate)  
Dates & Locations:  This subject has the following teaching availabilities in 2011: Semester 2, Parkville  Taught on campus.
Timetable can be viewed here. For information about these dates, click here.  
Time Commitment:  Contact Hours: Two hours of lectures and a 1hour tutorial per week Total Time Commitment: Not available  
Prerequisites:  One of the following: Subject Study Period Commencement: Credit Points:  
Corequisites:  None  
Recommended Background Knowledge:  Please refer to Prerequisites and Corequisites.  
Non Allowed Subjects:  Students who have completed 316402 Advanced Microeconomics are not able to take 316338 Mathematical Economics.  
Core Participation Requirements: 
For the purposes of considering requests for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements for this entry. The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website: http://www.services.unimelb.edu.au/disability/ 
Subject Overview: 
Set theory, univariate calculus and optimisation are reviewed and applied to the theory of the firm and the theory of consumer demand. Linear algebra concepts including matrix operations, vector spaces and quadratic forms are introduced and applied to problems in economics and econometrics. Applications of multivariate calculus including constrained optimisation, the envelope theorem and KuhnTucker conditions are covered. 

Objectives: 

Assessment:  One 2hour endofsemester exam (60%) and problem sets not exceeding 4000 words (40%). 
Prescribed Texts: 
Mathematics for Economics, (2nd edn) (M Hoy, J Livernois, C McKenna, R Rees and T Stengos 2001), MIT Press, 2001, ISBN 0262082942 (hard cover) 0262582074 (paperback) 
Breadth Options:  This subject potentially can be taken as a breadth subject component for the following courses: You should visit learn more about breadth subjects and read the breadth requirements for your degree, and should discuss your choice with your student adviser, before deciding on your subjects. 
Fees Information:  Subject EFTSL, Level, Discipline & Census Date 
Generic Skills: 

Notes: 
Students who have completed 316402 Advanced Microeconomics are not able to take 316338 Mathematical Economics. 
Related Majors/Minors/Specialisations: 
Economics Major 
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