Mathematics for Economics Mode A - EC305

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

Pre-requisites

A level Mathematics or an equivalent qualification.

Restrictions

EC306 cannot be taken with this module.

2018-19

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 module introduces students to a basic understanding of mathematics necessary for intermediate and advanced level modules (levels 5 and 6) taken in Stages 2 and 3. The module is designed for students who have A-Level mathematics or an equivalent qualification. The module (or its equivalent for students with A-level mathematics) is compulsory for all Single and Joint Honours degree programmes in economics.

The module considers the following topics: linear equations, quadratic equations, multivariable functions; matrix algebra; differentiation; techniques of optimisation; constrained optimisation; non-linear functions and integration. These topics cover the important uses of mathematics in economics (and business) and are developed within a clear, contextual framework derived from first principles. Each topic is applied to a range of economic phenomena and problems and linked explicitly to the core Stage 1 economics module - EC304 Principles of Economics. Notably, the analytical and quantitative skills developed in the module are transferable across many different occupations.

Details

This module appears in:


Contact hours

21 lectures
10 seminars
5 Workshops

Availability

This module (or its equivalent EC306) is compulsory for all students studying single and joint honours degrees in Economics.
This module is not available to students across other degree programmes in the University.

Method of assessment

In Course Test (45 minutes) (10%)
Problem Set (take home) (10%)
Examination (2 hours) (80%)

Indicative reading

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 a range of mathematical techniques relevant to economics.
* present solutions to mathematical problems
* understand how mathematics is used in economics.
* handle abstract concepts and consider them mathematically.
* model economic behaviour mathematically.

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