A theoretical analysis of expanding hybrid atom-molecule Bose-Einstein condensates is presented with application to the recent experiments of the Rempe group on
87Rb, in which the formation of ultracold molecules by Feshbach resonance was demonstrated. A mean-field approach is used to describe the molecular association process. The subsequent dissociation of the molecules is treated using a non-mean-field parametric approximation. The latter method is also used to derive optimal conditions for the formation of a molecular condensate.