Mathematics for Economists

Subject ECON90053 (2016)

Note: This is an archived Handbook entry from 2016.

Credit Points: 12.5
Level: 9 (Graduate/Postgraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2016:

Semester 1, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period 29-Feb-2016 to 29-May-2016
Assessment Period End 24-Jun-2016
Last date to Self-Enrol 11-Mar-2016
Census Date 31-Mar-2016
Last date to Withdraw without fail 06-May-2016

Semester 2, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period 25-Jul-2016 to 23-Oct-2016
Assessment Period End 18-Nov-2016
Last date to Self-Enrol 05-Aug-2016
Census Date 31-Aug-2016
Last date to Withdraw without fail 23-Sep-2016


Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: One 90 minute lecture and one 90 minute workshop per week
Total Time Commitment: Not available
Prerequisites:

One of:

Subject
Study Period Commencement:
Credit Points:
Semester 1
12.50
Corequisites: None
Recommended Background Knowledge:

Prior exposure to real analysis is desirable.
Non Allowed Subjects:
Subject
Core Participation Requirements:

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://services.unimelb.edu.au/disability

Coordinator

Ms Svetlana Danilkina

Contact

sdanilki@unimelb.edu.au

Subject Overview:

This subject introduces students to the use of advanced mathematics in economics. After reviewing basic concepts we will study in detail some of the classic existence proofs in game theory and general equilibrium theory. Students will be expected to solve problems and generate proofs, and will be assessed on this.
Learning Outcomes:

On successful completion of this subject students should be able to understand the definitions and fundamental concepts of linear algebra, vector calculus, and real analysis as they relate to studies in advanced economics. They should be able to use these tools to:

  • prove relevant optimisation theorems;
  • set up and solve optimal control problems;
  • set up and solve dynamic programming problems.
Assessment:
  • 5 assignments consisting of problems and exercises, due weeks 2, 4, 6, 8 and 10 (80%)
  • A two-hour final examination (20%)
Prescribed Texts:

You will be advised of prescribed texts by your lecturer.
Breadth Options:

This subject is not available as a breadth subject.
Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:

High level of development:

  • problem solving;
  • interpretation and analysis;
  • critical thinking.

Moderate level of development:

  • oral communication;
  • written communication;
  • collaborative learning;
  • team work;
  • application of theory to practice;
  • receptiveness to alternative ideas.

Some level of development:

  • synthesis of data and other information;
  • evaluation of data and other information;
  • use of computer software;
  • accessing data and other information from a range of sources.
Related Course(s): Master of Commerce (Finance)
Related Majors/Minors/Specialisations: Master of Economics electives

Download PDF version.