MA Economics

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.

 

ECON60901 is a Co-Requisite for ECON60811

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.

Provisional

During the semester, lectures will focus on two main topics:

-Static optimization

-Dynamic systems and dynamic optimization. pollution havens, trade and the environment

Lectures and Tutorials.

Introduction to Quantitative Methods Test - 10%

Coursework - 20%

January exam - 70%

 

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.