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

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

Readings

The Mathematica Cookbook

Resource TypeRecommended

Resource RequirementN/A

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 TypePrescribed

Resource RequirementN/A

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

Year2008

Edition/Volume2

PublisherPearson

ISBN9780273713289

Chapter/article titleN/A

Chapter/issueN/A

URLN/A

Other descriptionN/A

Source locationN/A

Optimization in Economic Theory

Resource TypePrereading

Resource RequirementN/A

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

Matlab: A Practical Introduction to Programming and Problem Solving

Resource TypeRecommended

Resource RequirementN/A

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

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

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.

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