QUANTITATIVE METHODS AND TOOLS

ECO4QMT

Not currently offered

Credit points: 15

Subject outline

In this subject you are introduced to quantitative tools such as MATLAB/MATHEMATICA used to undertake quantitative research in economics and/or econometrics. Applications using MATLAB/MATHEMATICA packages scripts are presented. You will be introduced to the mathematics used in Dynamic Programming and are shown how to apply these techniques using MATLAB/MATHEMATICA. Applications in microeconomics, macroeconomics and/or econometrics are covered.

School: La Trobe Business School (Pre 2022)

Credit points: 15

Subject Co-ordinator: Joanna Poyago-Theotoky

Available to Study Abroad/Exchange Students: Yes

Subject year level: Year Level 4 - UG/Hons/1st Yr PG

Available as Elective: No

Learning Activities: Laboratory Classes, Assignments

Capstone subject: No

Subject particulars

Subject rules

Prerequisites: ECO2CFC and ECO2MFG and ECO1IQN, or with approval of subject coordinator

Co-requisites: N/A

Incompatible subjects: N/A

Equivalent subjects: N/A

Quota Management Strategy: N/A

Quota-conditions or rules: N/A

Special conditions: N/A

Minimum credit point requirement: N/A

Assumed knowledge: N/A

Learning resources

Matlab: A Practical Introduction to Programming and Problem Solving

Resource Type: Book

Resource Requirement: Recommended

Author: Attaway, S.

Year: N/A

Edition/Volume: N/A

Publisher: Elsevier

ISBN: N/A

Chapter/article title: N/A

Chapter/issue: N/A

URL: N/A

Other description: N/A

Source location: N/A

The Mathematica Cookbook

Resource Type: Book

Resource Requirement: Recommended

Author: Mangano, S.

Year: 2010

Edition/Volume: N/A

Publisher: O' Reilly

ISBN: N/A

Chapter/article title: N/A

Chapter/issue: N/A

URL: N/A

Other description: N/A

Source location: N/A

Further Mathematics for Economic Analysis

Resource Type: Book

Resource Requirement: Prescribed

Author: Sydsaeter, K., Hammond, P., and Strom, A.

Year: 2008

Edition/Volume: N/A

Publisher: Pearson

ISBN: 9780273713289

Chapter/article title: N/A

Chapter/issue: N/A

URL: N/A

Other description: N/A

Source location: N/A

Optimization in Economic Theory

Resource Type: Book

Resource Requirement: Prereading

Author: Dixit, A.K.

Year: 1990

Edition/Volume: N/A

Publisher: Oxford University Press

ISBN: 9780198772118

Chapter/article title: N/A

Chapter/issue: N/A

URL: N/A

Other description: N/A

Source location: N/A

Career Ready

Career-focused: No

Work-based learning: No

Self sourced or Uni sourced: N/A

Entire subject or partial subject: N/A

Total hours/days required: N/A

Location of WBL activity (region): N/A

WBL addtional requirements: N/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

INQUIRY AND ANALYSIS - Creativity and Innovation
INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving
INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry

Intended Learning Outcomes

01. Demonstrate an understanding of algebra and calculus for solving optimization problems
02. Demonstrate an understanding of, and apply, basic MATLAB scripts and/or MATHEMATICA notebooks
03. Demonstrate an understanding of numerical solutions in applications that involve quantitative economic or econometric problems
04. Use MATLAB or MATHEMATICA to obtain numerical solutions in economic and/or econometric applications involving dynamic programming.
05. Apply dynamic programming to solve problems in macroeconomics and microeconomics.
Subject not currently offered - Subject options not available.