eco4qmt quantitative methods and tools

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.

SchoolLa Trobe Business School (Pre 2022)

Credit points15

Subject Co-ordinatorJoanna Poyago-Theotoky

Available to Study Abroad/Exchange StudentsYes

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

Available as ElectiveNo

Learning ActivitiesLaboratory Classes, Assignments

Capstone subjectNo

Subject particulars

Subject rules

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

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Quota Management StrategyN/A

Quota-conditions or rulesN/A

Special conditionsN/A

Minimum credit point requirementN/A

Assumed knowledgeN/A

Learning resources

Matlab: A Practical Introduction to Programming and Problem Solving

Resource TypeBook

Resource RequirementRecommended

AuthorAttaway, S.

YearN/A

Edition/VolumeN/A

PublisherElsevier

ISBNN/A

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

The Mathematica Cookbook

Resource TypeBook

Resource RequirementRecommended

AuthorMangano, S.

Year2010

Edition/VolumeN/A

PublisherO' Reilly

ISBNN/A

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Further Mathematics for Economic Analysis

Resource TypeBook

Resource RequirementPrescribed

AuthorSydsaeter, K., Hammond, P., and Strom, A.

Year2008

Edition/VolumeN/A

PublisherPearson

ISBN9780273713289

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Optimization in Economic Theory

Resource TypeBook

Resource RequirementPrereading

AuthorDixit, A.K.

Year1990

Edition/VolumeN/A

PublisherOxford University Press

ISBN9780198772118

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Career Ready

Career-focusedNo

Work-based learningNo

Self sourced or Uni sourcedN/A

Entire subject or partial subjectN/A

Total hours/days requiredN/A

Location of WBL activity (region)N/A

WBL addtional requirementsN/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 options

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