ECON321-14S1 (C) Semester One 2014

Mathematical Techniques in Microeconomics

This occurrence is not offered in 2014

15 points

Details:
Start Date: Monday, 24 February 2014
End Date: Sunday, 29 June 2014
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 9 March 2014
  • Without academic penalty (including no fee refund): Sunday, 25 May 2014

Description

The course will discuss several of the principal mathematical tools that are now in standard use in microeconomic theory. The course builds upon the mathematics offered at stage 1, and upon the particular usages of mathematics in Intermediate Microeconomics. Above all, the objective is to equip students with the necessary toolkit to successfully tackle higher study in microeconomic theory, although an underlying objective is to get students to see the importance of some of the mathematical modelling that was used in intermediate microeconomics. Throughout, each of the mathematical techniques that is introduced will be supplemented with concrete examples of their use in microeconomics.

Learning Outcomes

Learning outcomes and goals:
1. Demonstrate an understanding of how to set up and analyse a microeconomic problem    mathematically.
2. Identify and explain the principal mathematical elements that determine the relationships between variables.
3. Understand and be able to solve problems in higher dimensions.
4. Be able to use mathematical techniques to analyse constrained optimisation problems in detail.

Prerequisites

(1) ECON202 or ECON207 or ECON230 or ECON231; and (2) MATH102 or MATH199 or MATH108; and (3) 15 points from STAT or ECON212

Restrictions

Course Coordinator / Lecturer

Richard Watt

Lecturer

Rua Murray

Assessment

There will be a test at the end of each of the two terms, and 5 weekly assignments in each of the two terms.  The assignments are worth 20% of your final grade, and they may be co-authored in groups of no more than 3 students.  The tests will be weighted at 50% for your best grade and 30% for the other.

Textbooks / Resources

Recommended Reading

Hoy, Michael; Mathematics for economics ; 3rd ed; MIT Press, 2011.

Course links

Course Outline

Indicative Fees

Domestic fee $709.00

International fee $3,063.00

* 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 .

All ECON321 Occurrences

  • ECON321-14S1 (C) Semester One 2014 - Not Offered