Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Edwin Franks
Contact via edwin.franks@mq.edu.au
ER4 Room 421
Available on iLearn
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
Admission to MRes
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Corequisites |
Corequisites
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Co-badged status |
Co-badged status
ECON864
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Unit description |
Unit description
This unit is concerned with the mathematical techniques to problems of economic theory and policy. The theoretical section will deal with dynamics and comparative statistics. The use of difference and differential equations in the analysis of business cycles and economic growth will be the main concern of the dynamics component while the comparative statistics section deals with optimisation techniques and the stability requirements that are obtained from the dynamic analysis.
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Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
Name | Weighting | Hurdle | Due |
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Quiz | 10% | No | 31 August 2018 |
Mid-Semester Test | 20% | No | 9 October 2018 |
Assignment | 20% | No | 26 October 2018 |
Final Exam | 50% | No | Exam Period |
Due: 31 August 2018
Weighting: 10%
Description
This is an online quiz which helps students check their understanding of the material in the first five weeks.
Extension
There will be no extensions. In the case of unavoidable circumstances students and a successful application under the Special Consideration Policy a supplementary online quiz will be given.
Due: 9 October 2018
Weighting: 20%
Description
This test covers the models and techniques given in the first part of ECON764. It also prepares students for the format and difficulty of the final exam.
Submission
The test will be held during lecture during week 9, 9 October 2018.
Extension
There will be no extensions. In the case of unavoidable circumstances students and a successful application under the Special Consideration Policy a supplementary mid-semester test will be given.
Collecting Marked Tests
Marked tests will be be available for collection by the end of week 11 and solutions will be available online.
Due: 26 October 2018
Weighting: 20%
Description
This assignment gives a selection of problems based mainly on those from the textbook. It covers all the material included in ECON764.
Submission
Answers to the assignment questions should be written on a printed copy of the assignment file available on iLearn. Both an electronic submission and paper submission are required. The completed assignment should be scanned and then uploaded to a link available on iLearn. Both the electronic and paper submission are due by 4:30pm Friday 26 October 2018. The paper submission may be placed under the door of ER4 Room 421 at any time before the submission deadline.
Extension
No extensions will be granted. There will be a deduction of 10% of the total available marks made from the total awarded mark for each 24 hour period or part thereof that the submission is late (for example, 25 hours late in submission – 20% penalty). This penalty does not apply for cases in which an application under the Special Consideration Policy is made and approved. No submission will be accepted after solutions have been posted.
Collecting Marked Assignments
Marked assignments will be be available for collection by the end of week 13 and solutions will be available online.
Due: Exam Period
Weighting: 50%
This examination covers the models and techniques given in throughout ECON764.
Description
This examination covers the models and techniques given in throughout ECON764.
Submission
The test will be held during lecture during the university exam period.
Extension
There will be no extensions. In the case of unavoidable circumstances students and a successful application under the Special Consideration Policy a supplementary final exam will be given.
CLASSES:
The unit has 3 hours face-to-face teaching per week.The class meeting will be held on Tuesdays from 6 to 9 p.m.
Required and Recommended Texts and/or Materials Textbook:
Three textbooks will be used, Alpha C. Chiang and Kevin Wainwright, Fundamental Methods of Mathematical Economics, Aleskerov, F., H. Ersel, and D. Piontkovski Linear Algebra for Economists, and Introduction to mathematical economics by Edward T. Dowling. A full electronic copy of Linear Algebra for Economists is available from the Macquarie library. Introduction to mathematical economics is a Shaum’s outline and contains many worked examples.
Useful additional references include a calculus book such as Stewart’s Calculus and a linear algebra book such as Anton’s Elementary linear algebra may also be useful as a reference. There is also a linear algebra textbook which can be downloaded from http://joshua.smcvt.edu/linearalgebra/
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Undergraduate students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/study/getting-started/student-conduct
Results shown in iLearn, or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au.
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Our postgraduates will be able to demonstrate a significantly enhanced depth and breadth of knowledge, scholarly understanding, and specific subject content knowledge in their chosen fields.
This graduate capability is supported by:
Our postgraduates will be capable of utilising and reflecting on prior knowledge and experience, of applying higher level critical thinking skills, and of integrating and synthesising learning and knowledge from a range of sources and environments. A characteristic of this form of thinking is the generation of new, professionally oriented knowledge through personal or group-based critique of practice and theory.
This graduate capability is supported by:
Our postgraduates will be capable of systematic enquiry; able to use research skills to create new knowledge that can be applied to real world issues, or contribute to a field of study or practice to enhance society. They will be capable of creative questioning, problem finding and problem solving.
This graduate capability is supported by: