ECX5595 · Foundations for advanced economics

Overview

This unit equips you with the mathematical and analytical tools needed for advanced study in economics. You will learn how to use optimisation, linear algebra, and dynamic methods to understand economic models in both microeconomics and macroeconomics, and how these tools underpin empirical research—particularly in microeconomics. The unit builds a foundation for postgraduate coursework and research in theory, econometrics, and applied economics.

Offerings

Assessment

The Handbook lists an examination for this unit.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

The Handbook lists no prerequisite, corequisite or prohibition for this unit.

Learning outcomes

1. apply mathematical techniques, including optimisation and linear algebra, to analyse microeconomic and macroeconomic models;
2. formulate and solve economic problems that link theoretical models to empirical specifications;
3. interpret empirical analyses in microeconomics and macroeconomics using formal modelling frameworks;
4. use analytical tools to evaluate and support empirical strategies in economics.

Workload

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.

Student experience, not official rules. Nothing here changes what the Handbook says.