Use the Tab and Up, Down arrow keys to select menu items.
Presents the fundamental analytical tools of economics, constructing a rigorous mathematical model of the economic behaviour of consumers, producers and their interaction
The underlying objective of the course is to provide students with a deeper understanding of the type of problem that was studied in their second year microeconomics course. This will be done by (1) reconsidering the problem of consumer choice under uncertainty that was studied in stage 2 (ECON 230/231), but here looking carefully at the assumptions that define that problem, as well as some of the results that can be obtained from it, and (2) using the same model to explain choice when risk is present in the choice environment.A certain degree of mathematical sophistication is assumed throughout, although at no point will any mathematical technique be used that was not included in the mathematical prerequisite course.
(1) ECON230 or ECON202 or ECON207. (2) MATH108 or MATH102 OR MATH199; (3) 15 points from STAT courses or ECON212
Richard Watt
Class notes will be made available in the form of a complete handbook, which is downloadable as a pdf from LEARN.
There will be no scheduled tutorials for ECON321, but rather there will be extended office hours. The office hours will be:Monday 10-11 a.m.Tuesday 11-12 noonThursday 11-12 noonThursday 12-1 p.m.
Domestic fee $630.00
International fee $2,775.00
* 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 .