MA Economics

Year of entry: 2023

Course unit details:
Mathematics for Economists

Course unit fact file
Unit code ECON60811
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
Available as a free choice unit? Yes

Overview

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.

 

Pre/co-requisites

Unit title Unit code Requirement type Description
Introduction to Quantitative Methods in Economics ECON60901 Pre-Requisite Compulsory

Aims

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.

 

Learning outcomes

On completion of this unit, successful students should be able to demonstrate understanding of static and dynamic optimization applicable to economics.

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Syllabus

 

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

-Static optimization

-Dynamic systems and dynamic optimization.

Teaching and learning methods

Lectures and Tutorials.

Assessment methods

Introduction to Quantitative Methods Test - 10%

Coursework - 20%

January exam - 70%

 

Recommended reading

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.

 

Study hours

Scheduled activity hours
Lectures 20
Tutorials 5
Independent study hours
Independent study 125

Teaching staff

Staff member Role
Mohammad Haque Unit coordinator

Additional notes

Prerequisite - ECON60901

 

 

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