Mathematical Economics
Subject ECON30020 (2014)
Note: This is an archived Handbook entry from 2014.
Credit Points:  12.50 

Level:  3 (Undergraduate) 
Dates & Locations:  This subject is not offered in 2014. 
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 ECON40001 Advanced Microeconomics are not able to take ECON30020 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/ 
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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. 

Learning Outcomes: 

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: 

Related Course(s): 
Doctor of Philosophy  Business and Economics Master of Commerce (Finance) 
Related Majors/Minors/Specialisations: 
Economics Major 
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