Units of Study

ECON1003 - Quantitative Methods in Economics

Semester 1, 2012  |  Credit Points: 6

Coordinator: Andrew Wait


This unit of study provides an introduction to the quantitative methods used in economics and business. Emphasis is placed on developing the skills to set up models to study real-world phenomena, using appropriate techniques to manipulate and analyse these models and their economic interpretation. In this unit particular emphasis will be placed on the intuition of the models studied, making extensive use of a range of economic examples and business applications. It is important to note that while mathematical techniques are used in this unit, this unit is not intended as a substitute for mathematics units offered by the School of Mathematics and Statistics. Students wishing to pursue further study in mathematics, such as a major in mathematics, should consult the Faculty of Science Handbook for offerings by the School of Mathematics and Statistics. Note this unit is not available to students from the Faculty of Science.


in-class tests (25%), mid-semester test (25%) and 2hr final exam (50%)


1x2-hr lecture/week, 1x1-hr tutorial/week

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