Mathematics for Economics Mode B - EC306

Location Term Level Credits (ECTS) Current Convenor 2018-19
Canterbury
(version 2)
Autumn
View Timetable
4 15 (7.5) PROF AA Carruth

Pre-requisites

None

Restrictions

EC305 cannot be taken with this module.

2018-19

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. 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.

Details

This module appears in:


Contact hours

22 lectures
10 seminars
10 drop-ins

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

In Course Test (90 minutes) (20%)
Examination, 2 hours (80%)

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)

See the library reading list for this module (Medway)

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.

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