Foundations of Economic and Financial Models

6 unitsSem 1In Person

Research School of Economics · ANU College of Business and Economics

About this course

The course teaches the mathematical foundations of models in economics, business and finance and its applications. Mathematical topics covered include set theory, functions, series, limits, univariate and multivariate calculus, unconstrained and constrained optimisation, matrix algebra. Applications include effective interest rates, present value, annuities, production functions, average and marginal cost functions, profit maximisation.

Learning outcomes

1demonstrate an understanding of mathematical techniques discussed;
2be able to formulate economic problems in mathematical terms and apply the tools provided to analyse them correctly and precisely;
3demonstrate an understanding of the common functional forms and rules used in derivatives and integrals of functions that frequently appear in economic models;
4apply the basic principles of maximisation and minimisation to optimisation problems in economics and find the correct solutions to these problems;
5apply matrix algebra to simple economic problems and linear models, demonstrating the ability to solve linear systems of equations in matrix form;
6make use of basic principles of financial arithmetic in economic and financial problems to compute solutions.

Assessment

Weights and hurdle requirements come straight from the imported ANU record.

Assessment may consist of a Final Exam, mid-semester exam(s), quizzes, assignments or some combination thereof. See the Class Summary for details.

Learning outcomes 1, 2, 3, 4, 5, 6

100%

Study expectations

Study information

130 hours in total over the semester consisting of lectures, tutorials and private study time. (130 hours in total)

Texts and reading

See Class Summary

Course essentials

Academic year: 2026
Course subject: EMET
Subject name: Econometrics
Academic career: UGRD
School: Research School of Economics
College: ANU College of Business and Economics
Convener: Dr Tina Kao
Delivery: In Person
Unit value: 6 units
EFTSL: 0.125
Last source update: Not listed

View the ANU course source

Fees

Domestic fee paying students: Domestic · 2026 · Course basis; $5,520
International fee paying students: International · 2026 · Course basis; $7,020
Student Contribution Band Code 34: Commonwealth supported · 2026; ANU contribution-band code 34

Areas and attributes

Areas of interest

EconometricsEconomicsFinance