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.
Faculty: Faculty of Business, Economics and Law
Credit points: 15
Subject Co-ordinator: Damien Eldridge
Available to Study Abroad Students: No
Subject year level: Year Level 4 - UG/Hons/1st Yr PG
Exchange Students: No
Subject particulars
Subject rules
Prerequisites: ECO2CFC and ECO2IQA (or equivalent maths subject)
Co-requisites: N/A
Incompatible subjects: ECO3AQA
Equivalent subjects: N/A
Special conditions: N/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) |
Melbourne, 2014, Semester 1, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Damien Eldridge
Class requirements
LectureWeek: 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.
TutorialWeek: 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 |