ADVANCED QUANTITATIVE ANALYSIS
Credit points: 15
In this subject, students will learn about optimisation theory and its application in economics. The main focus of the unit is on techniques for static optimisation. The types of problems to be addressed will include unconstrained optimisation, equality constrained optimisation, and inequality constrained optimisation. Optimisation problems in which there are both equality and inequality constraints might also be considered. Students will also learn about the comparative static properties of solutions to parametric optimisation problems. If time permits, an introduction to dynamic optimisation might also be provided. The emphasis throughout the course is on the application of these techniques to a variety of economic and business problems.
FacultyFaculty of Business, Economics and Law
Subject Co-ordinatorDamien Eldridge
Available to Study Abroad StudentsNo
Subject year levelYear Level 4 - UG/Hons/1st Yr PG
Prerequisites ECO2CFC and ECO2IQA (or equivalent maths subject)
Incompatible subjects ECO3AQA
|Resource Type||Title||Resource Requirement||Author and Year||Publisher|
|Readings||Mathematics for economists||Recommended||Simon, CP and L Blume (1994)||WW NORTON AND COMPANY, USA (ISBN: 0-393-95733-0)|
Select to view your study options…
Melbourne, 2014, Semester 1, Day
Maximum enrolment sizeN/A
Subject Instance Co-ordinatorDamien Eldridge
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
One 1.0 hours tutorial per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
|One three hour final exam||70|
|One two hour mid-semester exam||30|