Mathematics for Economics Mode A - ECON3050

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Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2021 to 2022
Canterbury
Autumn Term 4 15 (7.5) Sylvain 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 have A-Level mathematics or an equivalent qualification, or who meet the minimum entry standard. The module (or its equivalent for students without 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; non-linear functions and integration. 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

Contact hours

Total contact hours: 36
Private study hours: 114
Total study hours: 150

Availability

This module (or its equivalent EC306) 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

Term-time problem sets 20%
In Course Test 105 minutes 20%
Examination 2 hours 60%

Reassessment methods
Reassessment Instrument: 100% exam

Indicative reading

Renshaw, G. (2016), Maths for Economics (4th ed.), Oxford University Press.
Jacques, I. (2016), Mathematics for Economics and Business (8th ed.), Addison-Wesley

See the library reading list for this module (Canterbury)

Learning outcomes

By the end of the module, you will 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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