ECON2125/6012#
Course title: Optimisation for Economics and Financial Economics
Lectures and assessments#
Week 
Date 
Topic 
Notes 

1 
Feb 20 
š Introduction: optimization in economics 

2 
š¬ Problem set alpha 

Feb 27 

3 
š¬ Problem set beta 

March 5 

4 
š¬ Problem set gamma 

March 11 
Quiz 1 (3%) link 
20min, computerized 

March 12 
š Sequences, limits and continuity 

5 
š¬ Problem set delta 

March 19 
š Matrices and matrix arithmetic 

6 
š¬ Problem set epsilon 

March 25 
Quiz 2 (3%) link 
20min, computerized 

March 26 

Teaching break 
2 weeks 

7 
š¬ Problem set zeta 

April 15 
Midterm exam (35%) 
1h, invigilated 

April 16 
š Convexity and uniqueness 

8 
š¬ Problem set eta 

April 22 
Quiz 3 (3%) link 
20min, computerized 

April 23 
š Unconstrained optimization 

9 
š¬ Problem set theta 

April 30 
š Constrained optimization 

10 
š¬ Problem set iota 

May 6 
Quiz 4 (3%) link 
20min, computerized 

May 7 
š Maximum theorem 

11 
š¬ Problem set kappa 

May 14 
š Dynamic optimization 

12 
š¬ Consultation hours 

May 20 
Quiz 5 (3%) link 
20min, computerized 

May 21 
š Revision 

Final exam (55%) 
3h, invigilated 
Course web pages#
Class summary ECON2125 ECON6012
Official course description
Announcements
Recordings
Assessments
Grades
sufficient lecture notes
downloadable as markdown or pdf
GitHub based
submit issues and typos through the provided button
Latest version of the notes a day before the lecture
check for the updates in the morning
Course convener and lecturer#
Professor Fedor Iskhakov
Office: 1021 HW Arndt Building
Email: fedor.iskhakov@anu.edu.au
Web: fedor.iskh.me
Office hours: Monday 09:30 to 11:00 during teaching weeks
updated
Iām an applied microeconometrician and a computational economist working in the field of structural estimation of dynamic models of individual and strategic choice, with applications to labor economics, public economics, durable goods markets, household finance, applied industrial organization and dynamic games.
Tutoring team#
Wending Liu
Email:
Wending.Liu@.anu.edu.au
Web: Personal page
Room: Room 2084, Copland Bld (24)
Office hours: Wednesday 4pm to 6pm
Fajar Oktiyanto
Email: Fajar.Oktiyanto@anu.edu.au
Web: Personal page
Room: 2115, Copland Bld (24)
updated
Office hours: Monday 2pm to 4pm
Lecture times#
Lectures: Tuesday 15:00 ā 17:00
Location: Roomm G31, Copland Bldg 24
Room has \(\approx\) 100 seats
Echo360 recordings on Wattle
Facetoface is strictly preferred
Tutorial times#
8 tutorials during the week
see schedule for https://mytimetable.anu.edu.au/even/timetable
search for ECON2125 or ECON6012 and select 2024 semester 1
register for your selected tutorial at Wattle page
Day 
From 
To 
Room 
Tutor 

Monday 
16:00 
17:00 
Tutorial Room 1, HW Arndt Bldg 25A 
Fajar 
Monday 
17:00 
18:00 
Tutorial Room 1, HW Arndt Bldg 25A 
Fajar 
Wednesday 
9:00 
10:00 
Lecture Theatre 1, HW Arndt Bldg 25A 
Wending 
Wednesday 
13:00 
14:00 
Lecture Theatre 3, CBE Bldg 26C 
Wending 
Wednesday 
14:00 
15:00 
Tutorial Room 5, CBE Bldg 26C 
Wending 
Wednesday 
15:00 
16:00 
Tutorial Room 3, HW Arndt Bldg 25A 
Wending 
Wednesday 
16:00 
17:00 
Tutorial Room 2, HW Arndt Bldg 25A 
Fajar 
Thursday 
16:00 
17:00 
Tutorial Room 2, HW Arndt Bldg 25A 
Fajar 
Assessment#
Quizzes, 3% each#
Quick 20 minutes computerized test
Has to be competed during a given date
Each student has one attempt at each quiz
Each student will have their own questions
Access each quiz on the course Wattle page
Multiple choice, true/false and short answer questions
Automatic grading, immediate feedback
Each quiz will cover the topics of the two preceding lectures
Every student must attempt each quiz in order to pass the course
Computerized quizzes are located at the course Wattle page
Midterm exam, 35%#
Note
The midterm is scheduled at 18:30 to 19:45 (1 hour + 15 min reading time) on Monday, April 15 in Melville Hall
Classic close book oncampus
Invigilated
1hour exam
Covers the material from the first half of the semester
Exam questions will requires simple proofs and derivations
Small final exam
More information will be provided in Week 4, with practice examples discussed prior to the exam
Will be held during week 6 or 7
Final exam, 50%#
Classic close book oncampus
Invigilated
3hour exam
Covers the material from the whole semester!
Exam questions will requires simple proofs and derivations
Large midterm exam
More information will be provided in Week 10, with practice examples discussed prior to the exam
Will be held during the examination period May 30 to June 16
Reading materials#
Primary reference: lecture slides
A first course in Optimization Theory
by Rangarajan K. Sundaram
Mathematics for Economists
by Carl P. Simon and Lawrence Blume
Additional references will be provided in the lecture notes if needed.
Previous versions
This page contains the current lecture notes for the course.
An archive of lectures notes from previous years can be found at https://fedor.iskh.me/teaching