ECC3840 Mathematical economics
Faculty of Business and Economics
ECC3840 Mathematical economics is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2021 in Semester 2 at Clayton. It needs ECC2000, ECF2731, ECB2731 or ECW2731.
- Credit points
- 6
- Offered in 2021
- Semester 2
- Clayton
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2021 handbook entry. See the 2022 entry.
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Requisites
Before ECC3840
Prerequisites
Pass these before you enrol.
After ECC3840
No unit lists ECC3840 as a prerequisite in the 2021 handbook.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 Higher level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
Overview
The unit will cover the main mathematical concepts and techniques used in economics. Applications in microeconomics and macroeconomics will be discussed. The emphasis will be on explaining the different ways in which the notions of equilibrium and optimality are used in economics.
Offerings in 2021
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Clayton | On campus |
Assessment
- Within semester assessment50%
- Examination50%
Learning outcomes
When you finish this unit, you should be able to:
- 1
develop the ability to read and understand the mathematics used in economics
- 2
develop the ability to formulate an economic question as a mathematical problem
- 3
learn to apply basic optimisation techniques.
Workload and teaching
- Lectures24 hours
- Tutorials12 hours
- Teaching approachProblem-based learning
- Teaching approachActive 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. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
Where it fits
ECC3840 is part of 2 areas of study in the 2021 handbook.
Contacts
- Chief Examiners
- Dr Birendra Rai
- Unit Coordinators
- Dr Birendra Rai
Common questions
What are the prerequisites for ECC3840?
You need ECC2000, ECF2731, ECB2731 or ECW2731 before you enrol. Enrolment rules also apply.
When is ECC3840 offered?
In 2021, ECC3840 runs in Semester 2 at Clayton.
How much work is ECC3840?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECC3840 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.
Which majors and minors include ECC3840?
ECC3840 is part of Economics and Mathematical foundations of econometrics.