Mathematics for Economics Mode A - EC305

Location Term Level Credits (ECTS) Current Convenor 2017-18 2018-19
Canterbury
(version 2)
Autumn
View Timetable
4 15 (7.5) DR JD Peirson

Pre-requisites

A level Mathematics or an equivalent qualification.

Restrictions

EC306 cannot be taken with this module. Not available to students taking CB314 Quantitative Models and Methods for Accounting and Finance

2017-18

Overview

This Stage 1 module is designed for students who have an A -Level in mathematics, AS mathematics or equivalent qualification. A first-year mathematics module (either Mode A or B) is a compulsory part of all economics degree programmes and these modules take place in the Autumn term with a statistics module following on in the Spring term. If you are unsure whether your mathematical background is equivalent to an A level pass, please consult the module convenors.

The aim of the module is to provide you with a good understanding of the mathematics necessary for your Stages 1, 2 and 3 Economics modules.The teaching of each topic starts from first principles, but the speed of the module assumes that you have studied mathematics before (but not economics). By the end of the module, you will have covered the important uses of mathematics in economics (and business) and be able to use many mathematical techniques commonly used to analyse economic problems. In the long term, the analytical and quantitative skills you acquire from this module are relevant to many different occupations.

Details

This module appears in:


Contact hours

21 lectures and 10 seminars

Method of assessment

20% coursework (one class test, one take-home test); 80% end-of-year exam

Preliminary reading

M Wisniewski, Introduction to Mathematical Methods in Economics, McGraw-Hill (2nd ed), 1996
J Soper, Mathematics for Economics and Business: An Interactive Introduction, Blackwell (2nd ed), 2004
G Renshaw, Maths for Economics, Oxford University Press (4th ed), 2016

See the library reading list for this module (Canterbury)

See the library reading list for this module (Medway)

Learning outcomes

By the end of the module, you will
be able to understand and use the mathematical techniques presented
be able to understand how mathematics is used in economics
be able to answer mathematical economics questions
have improved your analytical and quantitative skills
be equipped to deal with the mathematical parts of your Economics degree programmes
be able to present solutions to mathematical problems
have been introduced to the following areas of the use of mathematics in economics: functional relationships; matrix algebra; differentiation; techniques of optimisation; constrained optimisation; non-linear functions and integration

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