Mathematical Economics - ECON5402

Faculty: UNSW Business School

School: School of Economics

Course Outline: ECON5402 Course Outline

Campus: Sydney

Career: Postgraduate

Units of Credit: 6

EFTSL: 0.12500 (more info)

Indicative Contact Hours per Week: 3

Enrolment Requirements:

Prerequisite: Enrolment in program 7412 or approval from the Head of School of Economics

CSS Contribution Charge: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

Description

Mathematical tools are an important part of theoretical economic analysis. This course gives students a working knowledge of static and dynamic optimisation techniques applied in economics. Topics include classical optimisation with and without constraints, comparative statics, non-linear programming, differential equations, and optimal control. Knowing these tools will equip students to solve complex economic models. All mathematical techniques are illustrated with mainstream theoretical applications such as consumer theory and the neoclassical theory of optimal growth.