QUANTITATIVE METHODS AND TOOLS

ECO4QMT

2018

Credit points: 15

Subject outline

You are introduced to the quantitative tools such as MATLAB used to undertake quantitative research in economics and econometrics. Applications using MATLAB packages scripts are presented. You will be introduced to the mathematics used in Dynamic Programing and are shown how to apply these techniques using MATLAB. Aplications in microeconomics, macroeconomics and econometrics are covered.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorHeidi Ryoo

Available to Study Abroad StudentsYes

Subject year levelYear Level 4 - UG/Hons/1st Yr PG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites ECO2CFC and ECO2MFG and (ECO1EME or ECO2IQA or equivalent)

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsOptimization in Economic TheoryPrescribedDixit, A.K.Oxford University Press
ReadingsMatlab: A Practical Introduction to Programming and Problem SolvingPrescribedAttaway, S.Elsevier

Graduate capabilities & intended learning outcomes

01. Demonstrate an understanding of algebra for solving optimization problems

Activities:
Laboratory Classes, Assignments
Related graduate capabilities and elements:
Inquiry and Analytical Skills
Inquiry and Analytical Skills

02. Demonstrate an understanding of basic MATLAB scripts

Activities:
Laboratory Classes, Assignments
Related graduate capabilities and elements:
Inquiry and Analytical Skills
Inquiry and Analytical Skills

03. Demonstrate an understanding of numerical solutions in applications that involve quantitative economic or econometric problems

Activities:
Laboratory Classes, Assignments
Related graduate capabilities and elements:
Inquiry and Analytical Skills
Inquiry and Analytical Skills
Inquiry and Analytical Skills

04. Use MATLAB to obtain numerical solutions in economic and econometric applications involving dynamic programing.

Activities:
Laboratory Classes, Assignments
Related graduate capabilities and elements:
Inquiry and Analytical Skills
Inquiry and Analytical Skills
Inquiry and Analytical Skills

05. Apply dynamic programing to solve problems in macroeconomics and microeconomics.

Activities:
Laboratory Classes, Assignments
Related graduate capabilities and elements:
Inquiry and Analytical Skills
Inquiry and Analytical Skills
Inquiry and Analytical Skills

Subject options

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Start date between: and    Key dates

Melbourne, 2018, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorHeidi Ryoo

Class requirements

Laboratory Class Week: 10 - 22
One 1.0 hours laboratory class per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Lecture Week: 10 - 22
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Three assignmentsthree assignments (equivalent to 4500 essay words total)100 01, 02, 03, 04, 05