EC251-5-AU-CO:
Mathematical Methods in Economics
PLEASE NOTE: This module is inactive. Visit the Module Directory to view modules and variants offered during the current academic year.
2023/24
Economics
Colchester Campus
Autumn
Undergraduate: Level 5
Inactive
Thursday 05 October 2023
Friday 15 December 2023
15
16 August 2023
Requisites for this module
EC115 or BE300 or IA156 or MA101
(none)
(none)
(none)
EC351
Most economic problems involve choice under scarcity, a phenomenon which lends itself naturally to mathematical formulation. This module is an introduction to the mathematical methods most commonly used when analysing such problems.
The methods include: optimisation with one or several variables; matrix algebra and the solution of systems of equations; integral calculus; comparative statics; constrained optimisation. The emphasis is on the expression of economic ideas and reasoning in simple mathematical language.
The aims of this module are:
- To provide students with additional mathematical tools, enabling them to analyse a larger, richer, and more interesting set of economic models.
- Following a review and extension of the optimization techniques studied in EC115, to focus on methods for studying further calculus and linear algebra techniques applied to economics.
By the end of this module, students will be expected to be able to:
- Possess the mathematical tools required to understand simple economic models and the facility with the mathematical language necessary to read modern literature in economics.
- Demonstrate the ability to formulate and solve simple economic problems using appropriate mathematical techniques.
No additional information available.
The module will be delivered via:
- Two lectures per week
- One class per week
In one term.
The above list is indicative of the essential reading for the course.
The library makes provision for all reading list items, with digital provision where possible, and these resources are shared between students.
Further reading can be obtained from this module's
reading list.
Assessment items, weightings and deadlines
Coursework / exam |
Description |
Deadline |
Coursework weighting |
Exam |
Main exam: In-Person, Open Book, 120 minutes during Summer (Main Period)
|
Exam |
Reassessment Main exam: In-Person, Open Book, 120 minutes during September (Reassessment Period)
|
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Whichever is the Greater:
EITHER 50 per cent Coursework Mark, 50 per cent Exam Mark
OR 100 per cent Exam Mark IF Coursework Mark is a pass or better
Reassessment
Whichever is the Greater:
EITHER 50 per cent Coursework Mark, 50 per cent Exam Mark
OR 100 per cent Exam Mark IF Coursework Mark is a pass or better
Module supervisor and teaching staff
Dr Tianxi Wang, email: wangt@essex.ac.uk.
Tianxi Wang
For further information, send an email message to ueco@essex.ac.uk.
Yes
Yes
No
Dr Giancarlo Ianulardo
University of Exeter Business School
Lecturer in Economics
Available via Moodle
Of 132 hours, 130 (98.5%) hours available to students:
2 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).
Economics
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