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Unit of study_

ECON6003: Mathematical Methods of Econ Analysis

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.

Code ECON6003
Academic unit Economics
Credit points 6
Prerequisites:
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ECON5001 and ECON5002
Corequisites:
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None
Prohibitions:
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ECON6703

At the completion of this unit, you should be able to:

  • LO1. apply economic theories and concepts to problems and practice
  • LO2. critically evaluate underlying theories, concepts, assumptions, limitations and arguments in economics and related fields of study in business
  • LO3. develop coherent arguments when recommending solutions and critically evaluating theories in major fields of study.

Unit outlines

Unit outlines will be available 1 week before the first day of teaching for the relevant session.