EC304 Principles of Economics (or equivalent)
EC305/EC306 Mathematics for Economics Mode A/B
ECON3090 Statistics for Economics (or equivalent)
60% threshold in EC305 or EC306 Mathematics for Economics Mode A or B
OverviewThe module will introduce students to a range of mathematical techniques, which are useful in economic analysis. The aim is to deepen and extend the mathematical preparation of undergraduate students considering technical modules at Stage 3. Emphasis will be placed on a clear and rigorous presentation of the various technical concepts and their applications. The module will cover a range of relevant mathematical tools and techniques that are typically required for postgraduate study in economics.
• Matrix Algebra and Multiple Equation Systems
• Optimisation Theory
• Dynamic Models
This module is an elective for all Single and Joint Honours degree programmes in Economics.
This module is not available to students across other degree programmes in the University.
Method of assessment
In Course Test 1, (45 minutes) (10%)
In Course Test 2, (45 minutes) (10%)
Examination (2 hours) (80%)
Renshaw, G. (2016) Maths for Economics, 4th edition, OUP.
Chiang, A.C. & Wainwright, K. (2005) Fundamental Methods of Mathematical Economics, 4th edition, McGraw-Hill.
By the end of this module you will be able to:
* demonstrate the ability to work with abstract mathematical concepts.
* understand the mathematical aspects of economic modelling techniques.
* formulate and solve problems in economics using a range of mathematical techniques.
* identify the range of more advanced mathematical modelling used in economics.
* use optimisation methodologies and matrix algebra.