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Mathematical Methods of Econ Analysis
UoS Code ECON6003
Credit points 6
Offered Semester 1
Prerequisites ECON5001 and ECON5002
Corequisites
Prohibitions
Assumed Knowledge
Additional Information Students enrolled in award courses other than the Master of Economics must seek written permission from the Chair of the Discipline of Economics to enrol in this unit.
Lectures 3 hrs per week
Assessment Assignments; 1 Mid-semester exam; Final exam.
Description 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.