eco4qmt quantitative methods and tools
QUANTITATIVE METHODS AND TOOLS
ECO4QMT
2017
Credit points: 15
Subject outline
You are introduced to the quantitative tools such as MATLAB used to undertake quantitative research in economics and econometrics. Applications using MATLAB packages scripts are presented. You will be introduced to the mathematics used in Dynamic Programing and are shown how to apply these techniques using MATLAB. Aplications in microeconomics, macroeconomics and econometrics are covered.
SchoolLa Trobe Business School
Credit points15
Subject Co-ordinatorHeidi Ryoo
Available to Study Abroad StudentsYes
Subject year levelYear Level 4 - UG/Hons/1st Yr PG
Exchange StudentsYes
Subject particulars
Subject rules
Prerequisites ECO2CFC and ECO2MFG and (ECO1EME or ECO2IQA or equivalent)
Co-requisitesN/A
Incompatible subjectsN/A
Equivalent subjectsN/A
Special conditionsN/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Optimization in Economic Theory | Prescribed | Dixit, A.K. | Oxford University Press |
| Readings | Matlab: A Practical Introduction to Programming and Problem Solving | Prescribed | Attaway, S. | Elsevier |
Graduate capabilities & intended learning outcomes
01. Demonstrate an understanding of algebra for solving optimization problems
- Activities:
- Laboratory Classes, Assignments
- Related graduate capabilities and elements:
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
02. Demonstrate an understanding of basic MATLAB scripts
- Activities:
- Laboratory Classes, Assignments
- Related graduate capabilities and elements:
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
03. Demonstrate an understanding of numerical solutions in applications that involve quantitative economic or econometric problems
- Activities:
- Laboratory Classes, Assignments
- Related graduate capabilities and elements:
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
04. Use MATLAB to obtain numerical solutions in economic and econometric applications involving dynamic programing.
- Activities:
- Laboratory Classes, Assignments
- Related graduate capabilities and elements:
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
05. Apply dynamic programing to solve problems in macroeconomics and microeconomics.
- Activities:
- Laboratory Classes, Assignments
- Related graduate capabilities and elements:
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
Subject options
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Melbourne, 2017, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorHeidi Ryoo
Class requirements
Laboratory ClassWeek: 10 - 22
One 1.0 hours laboratory class per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
LectureWeek: 10 - 22
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Three assignments | three assignments (equivalent to 4500 essay words total) | 100 | 01, 02, 03, 04, 05 |