ADVANCED QUANTITATIVE ANALYSIS
ECO4AQA
2014
Credit points: 15
Subject outline
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
Credit points15
Subject Co-ordinatorDamien Eldridge
Available to Study Abroad StudentsNo
Subject year levelYear Level 4 - UG/Hons/1st Yr PG
Exchange StudentsNo
Subject particulars
Subject rules
Prerequisites ECO2CFC and ECO2IQA (or equivalent maths subject)
Co-requisitesN/A
Incompatible subjects ECO3AQA
Equivalent subjectsN/A
Special conditionsN/A
Learning resources
Readings
| 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) |
Subject options
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Melbourne, 2014, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorDamien Eldridge
Class requirements
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.
Tutorial
Week:
10
-
22
One 1.0 hours tutorial per week
on weekdays
during the day
from week 10 to week 22
and delivered via face-to-face.
Assessments
| Assessment element | Comments | % |
|---|---|---|
| One three hour final exam | 70 | |
| One two hour mid-semester exam | 30 |