Year of entry: 2021
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Course unit details:
Mathematics for Economists
|Unit level||FHEQ level 7 – master's degree or fourth year of an integrated master's degree|
|Teaching period(s)||Semester 1|
|Available as a free choice unit?||Yes|
The aim of this course is to:
(i) introduce students to several mathematical tools used in economics;
(ii) illustrate the use of these tools by applying them to various economic models;
(iii) complement the core postgraduate micro- and macro-economic courses.
On completion of this unit, successful students should be able to demonstrate understanding of static and dynamic optimization applicable to economics.
During the semester, lectures will focus on two main topics:
-Dynamic systems and dynamic optimization.
Teaching and learning methods
Lectures and Tutorials.
Introduction to Quantitative Methods Test - 10%
Interim Test - 15%
January exam - 75%
The reference book for this course is M. Hoy et al., Mathematics for Economics, Third Edition, MIT Press, 2011.
For the second topic, the students might also find beneficial to consult the classical book by A.C. Chiang, Elements of Dynamic Optimisation, McGraw-Hill, 1992.
|Scheduled activity hours|
|Independent study hours|
|Mohammad Haque||Unit coordinator|
Prerequisite - ECON60901
Lectures - Monday 3pm - 5pm
Tutorials - Monday 5pm - 6pm