Mathematical Methods for Economics

Module code: EC7088

Mathematics is an essential tool for economics, just as it is for engineering and physics. This module will provide you with the essential mathematical tools for graduate study in economics, a solid foundation in mathematics for economists that you can build on in your future work, study and research.

Topics covered

• Linear algebra: systems of linear algebraic equations; matrix algebra; properties of determinants; eigenvalues and eigenvectors; matrix diagonalisation; quadratic forms
• Constrained and unconstrained static optimisation, and the Lagrange multiplier method
• Systems of difference and differential equations; the stability analysis; elements of dynamic optimisation; use of matrices to formulate and analyse models in economics and econometrics