ECC1551 Foundations of mathematical economics
Faculty of Business and Economics
ECC1551 Foundations of mathematical economics is a level 1, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2027 in Semester 2 at Clayton. It has no prerequisites.
- Credit points
- 6
- Offered in 2027
- Semester 2
- Clayton
- Assessment
- Exam 40%
- and 2 other tasks
- Workload
- 144 hours
- per semester
Reviews
No reviews yetNo reviews yet. Be the first to review ECC1551.
Requisites
Before ECC1551
No prerequisites or corequisites besides the enrolment rules below.
After ECC1551
No unit lists ECC1551 as a prerequisite in the 2027 handbook.
Enrolment rules
You must be enrolled in course B2031 to undertake this unit.
Overview
Mathematics is the language of economic reasoning, and fluency in that language requires more than the ability to execute procedures. In this unit you will develop mathematical understanding through a mix of conceptual and application based study of the two fundamental objects of mathematical economics: sets and functions. It covers the structure of sets, the properties of mappings between them, and the key properties of functions. By focusing on transferable habits like pattern recognition, classification, and generalisation, you will be equipped to formulate, solve, and critically interpret problems across a broad range of economic contexts.
Offerings in 2027
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Clayton | On campus |
Assessment
- Quiz / Test20%
- Written40%
- Examination40%
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand the grammar of mathematical writing;
- 2
identify the relevant sets and the functions in a mathematical economics problem;
- 3
use the logical structure of if-then statements to understand and use mathematical definitions and results;
- 4
formulate and solve a variety of mathematical economics problems;
- 5
recognise common patterns across contexts and apply the relevant solution methods.
Workload and teaching
- Workshops24 hours
- Applied sessions22 hours
- Assessments2 hours
- Teaching approachActive learning
- Teaching approachProblem-based learning
- Teaching approachCase-based teaching
- Teaching approachEnquiry-based learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
This unit includes case-based teaching, where you apply your knowledge and engage in analytical and reflective thinking to solve complex contextual scenarios. Activities are often designed so that there is not one clear answer, but you need to work together to examine, analyse and make decisions to resolve the situation.
This unit engages you in enquiry-based learning, where you will be encouraged to use your own knowledge to develop and engage in a process of enquiry, study and research to identify areas to be investigated and an approach to doing so.
Contacts
- Chief Examiners
- Dr Birendra Rai
Common questions
What are the prerequisites for ECC1551?
ECC1551 has no prerequisites, but enrolment rules apply.
When is ECC1551 offered?
In 2027, ECC1551 runs in Semester 2 at Clayton.
How much work is ECC1551?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECC1551 have an exam?
Yes. The exam is worth 40% of the final mark, alongside 2 other tasks.
More details
- Credit points
- 6
- Level
- 1
- Study level
- Undergraduate
- Faculty
- Faculty of Business and Economics
- Organisational unit
- Department of Economics
- Type
- Coursework
- EFTSL
- 0.125
- Student contribution
- SCA Band 4
- Study abroad
- Available
- Handbook years
- 2027