Mathematics for Economics Mode B - EC306

Location Term Level Credits (ECTS) Current Convenor 2017-18 2018-19
(version 2)
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4 15 (7.5) PROF AA Carruth




EC305 cannot be taken with this module. Not available to students taking CB314 Quantitative Models and Methods for Accounting and Finance



The main aim of this module is to provide you with a basic understanding of mathematics suitable for the Stages 2 and 3 degree programmes in Economics, Business, and Accounting. The mathematics material is developed in a clear, contextual framework, and is linked to a Stage 1 module in Economics. You develop your understanding with suitable problem sets combining mathematical concepts and economic methods.


This module appears in:

Contact hours

22 lectures and 11 seminars, 9 revision workshops

Method of assessment

20% coursework consisting of two class tests, 80% end-of-year exam

Preliminary 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:
appreciate why economists use mathematics
use basic algebra, and understand linear, quadratic and simultaneous equations
understand how functions and equations are used in economics
calculate elasticities and work out equilibrium outcomes
differentiate simple functions and economic relationships
sketch curves and understand optimising behaviour in the context of marginal relationships
differentiate multivariable functions and calculate partial elasticities
set up and solve constrained optimisation problems
understand the basic concepts of matrices and matrix algebra

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