Mathematical Economics - ECON5850

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Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2022 to 2023
Autumn Term 5 15 (7.5) Mathan Satchithananthan checkmark-circle


The 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.

Topics include:
• Matrix Algebra and Multiple Equation Systems
• Optimisation Theory
• Duality
• Dynamic Models


Contact hours

Total contact hours: 39
Private study hours: 111
Total study hours: 150


This module is optional 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

Moodle Quiz 1 (10%)
Moodle Quiz 2 (10%)
Examination (2 hours) (80%)

**Please note that the exam in May/June 2023 will be Online (24 hour window)**

Reassessment Instrument: 100% exam

Indicative reading

Renshaw, G. (2016) Maths for Economics, 4th edition, OUP.
Chiang, A.C. & Wainwright, K. (2005) Fundamental Methods of Mathematical Economics, 4th edition, McGraw-Hill.

See the library reading list for this module (Canterbury)

Learning outcomes

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.


  1. Credit level 5. Intermediate level module usually taken in Stage 2 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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