Fees and funding

Fees

For entry in the academic year beginning September 2027, the tuition fees are as follows:

  • MSc (full-time)
    UK students (per annum): £16,600
    International, including EU, students (per annum): £35,300

The fees quoted above are fully inclusive of tuition, administration and computational costs.

Fees for entry are subject to yearly review. The University reserves the right to increase your tuition fee by up to 7% each year for courses lasting more than one year, including to reflect rising costs associated with delivering our educational and wider student experience. Postgraduate fees information .

Always contact the admissions team if you are unsure which fee applies to your qualification award and method of attendance.

Policy on additional costs

All students should normally be able to complete their programme of study without incurring additional study costs over and above the tuition fee for that programme. Any unavoidable additional compulsory costs totalling more than 1% of the annual home undergraduate fee per annum, regardless of whether the programme in question is undergraduate or postgraduate taught, will be made clear to you at the point of application. Further information can be found in the University's Policy on additional costs incurred by students on undergraduate and postgraduate taught programmes (PDF document, 91KB).

Scholarships/sponsorships

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Course unit details:
Mathematical Methods in Economic Analysis

Course unit fact file
Unit code ECON60081
Credit rating 15
Unit level FHEQ level 7 – master's degree or fourth year of an integrated master's degree
Teaching period(s) Semester 1
Offered by Economics
Available as a free choice unit? Yes

Overview

The aims of this course are to:

(i) provide students with some understanding of the most important mathematical techniques used in modern economics;

(ii) illustrate the use of these techniques by applying them to various well-known economic models;

(iii) complement the core postgraduate microeconomic and macroeconomic theory courses.

 

 

 

 

Pre/co-requisites

Unit title Unit code Requirement type Description
Introduction to Quantitative Methods in Economics ECON60901 Pre-Requisite Compulsory
ECON60901 is a Co-Requisite for ECON60081

Aims

The aims of this course are to:

(i) provide students with some understanding of the most important mathematical techniques used in modern economics;

(ii) illustrate the use of these techniques by applying them to various well-known economic models;

(iii) complement the core postgraduate microeconomic and macroeconomic theory courses

 

Learning outcomes

At the end of this course students should be able to:

(i) demonstrate a good understanding of static optimization techniques and dynamic systems applicable to economics;

(ii) demonstrate the skills needed to understand theoretical models in economics.

.

 

Syllabus

The subject matter can be divided into 2 parts.

Part I: Linear Algebra, Sets, Preferences, Functions, Concavity, Static Optimization

Part II: Dynamic Systems and Dynamic Optimisation

Teaching and learning methods

Lectures and Exercise Classes.

Knowledge and understanding

You should have attended our pre-session maths course, or be familiar with its material (particularly uni- and multi-variate calculus, basic optimization theory, matrices and determinants) from your earlier training. Such material is a pre-requisite for ECON60081.

 

Assessment methods

Method Weight
Other 40%
Written exam 60%
Introduction to Quantitative Methods: 10%
Interim Test 1: 15%
Interim Test 2: 15%
January exam: 60%

Recommended reading

There is no single book that is referred to enough to warrant a recommendation for purchase; but the

highlighted texts are referred to in the lecture notes.

H.S. Bierman and L. Fernandez, Game Theory with Economic Applications, Addison-Wesley, 1998.

O.J. Blanchard and S. Fischer, Lectures on Macroeconomics, MIT, 1989.

A.C. Chiang, Elements of Dynamic Optimisation, McGraw-Hill, 1992.

H. Gravelle and R. Rees, Microeconomics, Longman, 1992.

G.A. Jehle and P.J. Reny, Advanced Microeconomic Theory, Addison-Wesley, 2011.

D.Leonard and N. Van Long, Optimal Control Theory and Static Optimisation in Economics, CUP, 1992

L. Ljungqvist and T.J. Sargent, Recursive Macroeconomic Theory, MIT Press, 2000.

P.J. Madden, Concavity and Optimisation in Microeconomics, Basil Blackwell, 1986.

A. Mas-Colell, M. Whinston, J. Green, Microeconomic Theory, MIT Press, 1995.

J.T. Sandefur, Discrete Dynamical Systems: Theory and Applications, Clarendon Press, 1990.

R. Shone, Economic Dynamics, CUP, 1997.

N.L. Stokey and R.E. Lucas, Jr, Recursive Methods in Economic Dynamics, Harvard University Press, 1989.

K. Sydsæter, P. Hammond, A. Seierstad, A. Strøm: Further Mathematics for Economic Analysis, Prentice

Hall, 2008.

 
 
 
 

Study hours

Scheduled activity hours
Lectures 18
Tutorials 16
Independent study hours
Independent study 116

Teaching staff

Staff member Role
Horst Zank Unit coordinator

Additional notes

 

 

Return to course details

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