Mathematical Methods of Econ Analysis (ECON6003)

UNIT OF STUDY

This unit is an introduction to mathematical economics. It has three purposes. First, to introduce students to the mathematical concepts and methods that are central to modern economics. Second, to give a set of economic applications of the mathematical methods. Third, to develop the students' ability to formulate logical arguments with the degree of precision and rigour demanded in modern economics. The mathematical topics covered include introductory analysis and topology, convex analysis, linear algebra, calculus of functions of several variables, optimisation, and introduction to dynamic programming and dynamical systems. The particular economic applications presented may vary from year to year, but usually include demand theory, production theory, and growth theory.

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Further unit of study information

Classes

1x3-hr seminar/week

Assessment

assignments (10%), mid-semester test (30%) and 3hr final exam (60%)

Faculty/department permission required?

No

Unit of study rules

Prerequisites and assumed knowledge

ECON5001 and ECON5002

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If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.

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