Maths for Economics 2
Module code: EC1008
Module co-ordinator: Dr Sara Lemos
Description
Solving Economic Problems is a module designed to provide a basic grounding in mathematics as an essential foundation for an Economics degree. In particular, it is designed to bridge the gap between abstract mathematical concepts and economic applications to enable students to analyse how economic models are specified and manipulated through mathematical techniques. More generally, this model is designed to develop overall numeracy, analytical and problem solving skills – key skills sought by graduate recruiters. You will learn and have the opportunity to apply economic and mathematical theories which will improve your understanding of ‘real world’ application.
Learning Outcomes
At the end of this module, students:
- Will be familiar with mathematical terminology and concepts commonly used in a modern Economics degree.
- Will be able to critically evaluate how economic functions are expressed in mathematical terms.
- Will be able to solve simple Economic problems involving algebra and calculus such as:
- Solving simultaneous equations using matrix algebra tools
- Finding constrained and unconstrained optima
- Interpreting first and second order conditions
- Learning how to perform comparative statics
- Applying simple integration techniques
- Applying simple financial mathematics techniques
Learning
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20 one hour lectures
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18 one hour tutorials