Mathematics for Economics Mode B - EC306

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Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2020 to 2021
Canterbury
(version 2)
Autumn 4 15 (7.5) DR S Barde checkmark-circle

Overview

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 - EC304 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.

Details

This module appears in the following module collections.

Contact hours

Total contact hours: 48 hours
Private study hours: 102
Total study hours: 150

Availability

This module (or its equivalent EC305) 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

100% Coursework as follows:

Term-time Problem Sets (30%)
Moodle Quiz 1 (20%)
Moodle Quiz 2 (50%)

Indicative reading

Geoff Renshaw, Mathematics for Economics, Oxford University Press, 4th ed, 2016 or 3rd ed, 2012
Ian Jacques, Mathematics for Economics and Business, Addison-Wesley, 8th ed, 2016, or 7th ed, 2013

See the library reading list for this module (Canterbury)

Learning outcomes

By the end of the module you should 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.

Notes

  1. Credit level 4. Certificate level module usually taken in the first stage of an undergraduate degree.
  2. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  3. The named convenor is the convenor for the current academic session.
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