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Presents the fundamental analytical tools of economics, constructing a rigorous mathematical model of the economic behaviour of consumers, producers, and their interaction.
Presents the fundamental analytical tools of economics, constructing a rigorous mathematical model of the economic behaviour of consumers, producers, and their interaction.ECON321 deals with two major areas of information economics. The uncertainty component of the course deals with broadening microeconomic theoretical framework to include economic situations of imperfect information and ultimately providing the tool of expected utility for economic analysis. The asymmetric information component of the course takes the information problem one step further and introduces heterogeneity of information among agents. In addressing these two areas of information economics, the course will also illustrate the role of mathematics, including probability and mathematical statistics, in expressing economic concepts.
(1) ECON204 or ECON230; (2) MATH104 or MATH105 or MATH106 or MATH108 or MATH116; (3) 18 points from STAT courses or ECON212.
ECON301
There will be one tutorial per week in addition to lectures.
Richard Watt
Library portal
Domestic fee $502.00
International fee $2,089.00
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see Department of Economics and Finance .