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 do not have A-Level mathematics, AS mathematics or an equivalent qualification and who do not meet a minimum entry standard. 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; and non-linear functions. 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 - ECON3040 Principles of Economics. Notably, the analytical and quantitative skills developed in the module are transferable across many different occupations.
In addition to the core Stage 1 mathematics curriculum, the module offers targeted support to students in order to identify gaps in their basic understanding mathematics and raise their proficiency to the level required in Stage 2.
Total contact hours: 48 hours
Private study hours: 102
Total study hours: 150
This module (or its equivalent ECON3050) 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.
• Term-time problem sets (20%)
• In Course Test 105 minutes (20%)
• Examination 2 hours (60%)
Reassessment: 100% exam
*Exams will be in-person*
See the library reading list for this module (Canterbury)
On successfully completing the module students will be able to:
8.1 Understand and use a range of mathematical techniques relevant to economics
8.2 Present solutions to mathematical problems
8.3 Understand how mathematics is used in economics
8.4 Handle abstract concepts and consider them mathematically
8.5 Model economic behaviour mathematically
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