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Mathematics for Economists (ECON90053)

Graduate courseworkPoints: 12.5Dual-Delivery (Parkville)

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Overview

Availability
Semester 2 - Dual-Delivery
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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.

Intended 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.

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.

Last updated: 12 November 2022

Eligibility and requirements

Prerequisites

Admission into the MC-COMECO Master of Commerce (Economics)

OR

One of

Code Name Teaching period Credit Points
ECON40001 Advanced Microeconomics
Semester 1 (Dual-Delivery - Parkville)
 12.5
ECON90002 Microeconomics
Semester 1 (Dual-Delivery - Parkville)
 12.5

Corequisites

None

Non-allowed subjects

Code Name Teaching period Credit Points
ECON40017 Mathematics for Economists
Semester 2 (Dual-Delivery - Parkville)
 12.5

Recommended background knowledge

Prior exposure to real analysis is desirable.

Inherent requirements (core participation requirements)

The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.

Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home

Last updated: 12 November 2022

Assessment

DescriptionTimingPercentage

Mid-semester test

  • 1.5 hours
Week 730%

Problem set

  • 500 words
Week 510%

Problem set

  • 500 words
Week 1010%

End-of-semester examination

  • 3 hours
During the examination period50%

Additional details

Important online examination information:

This examination is the equivalent of a 2-hour assessment; however, students are provided with 3-hours to accommodate the time that will be required for typesetting of mathematical expressions and the uploading of documents.

Last updated: 12 November 2022

Dates & times

  • Semester 2
    Principal coordinatorRoberto Raimondo
    Mode of deliveryDual-Delivery (Parkville)
    Contact hoursOne 90 minute lecture and one 90 minute workshop per week
    Total time commitment170 hours
    Teaching period25 July 2022 to 23 October 2022
    Last self-enrol date 5 August 2022
    Census date31 August 2022
    Last date to withdraw without fail23 September 2022
    Assessment period ends18 November 2022

    Semester 2 contact information

    rraim@unimelb.edu.au

Time commitment details

Estimated total time commitment of 170 hours per semester

Last updated: 12 November 2022

Further information

  • Texts

    Prescribed texts

    You will be advised of prescribed texts by your lecturer.

  • Related Handbook entries

    This subject contributes to the following:

    TypeName
    CourseMaster of Commerce (Accounting)
    CourseMaster of Economics
    CourseMaster of Commerce (Finance)
  • Available through the Community Access Program

    About the Community Access Program (CAP)

    This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.

    Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.

  • Available to Study Abroad and/or Study Exchange Students

    This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.

Last updated: 12 November 2022