Course unit details:
Introduction to Quantitative Methods in Economics
Unit code | ECON60901 |
---|---|
Credit rating | 0 |
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? | No |
Aims
The principal aim of this course is to refresh foundations of both Statistics and Math that will be used later on in the year from other modules
Learning outcomes
The principal aim of this course is to refresh foundations of both Statistics and Math that will be used later on in the year from other modules
Syllabus
Provisional
For the Math Week, lectures will be structured as follows:
Lecture 1: Set, Numbers and Function
Lecture 2: Univariate Calculus and Optimization
- Derivative and Differentials
- Unconstrained Optimization;
- Constrained Maximization.
Lecture 3: Linear Algebra
- Matrix Algebra
- Quadratic Forms.
Lectures 4: Multivariate Calculus and Optimization
- Partial Derivatives
- Functions with Economics Applications
- Unconstrained Maximization
- Constrained Maximization
Lectures 5: Integration
- Indefinite Integrals
- Definite Integrals
- Eigenvalues and Eigenvectors
Statistics:
Lecture 1: Probability & Moments
Lecture 2: Joint Distribution Theory
Lecture 3: Random Sampling & Estimation
Lecture 4: Confidence Intervals & Testing
Lecture 5: OLS and Intro to ECON60901 (Compulsory only for MSc Students)
Teaching and learning methods
Video lectures and tutorials; further classes face to face.
Assessment methods
Online exam.
Recommended reading
Here is an outline of what we expect students to know, as a minimum, before they start the pre-session course and the areas that the course covers. This list will help you to plan any necessary revision.
You will find it useful to refer to Carl P. Simon- Lawrence Blume,, Mathematics for Economics (1994)
For a concise summary of the required knowledge of statistics see also our dedicated Econometric Computing Learning Resource (ECLR).
Teaching staff
Staff member | Role |
---|---|
Yidi Sun | Unit coordinator |
Alessia Isopi | Unit coordinator |
Additional notes
Lecturers: Alessia Isopi and Yidi Sun.
https://www.socialsciences.manchester.ac.uk/study/masters/intro-to-qm/