EC115-4-FY: METHODS OF ECONOMIC ANALYSIS
Year: 2013/14
Department: Economics
Essex credit: 30
ECTS credit: 15
Available to year(s) of study:
Available to Study Abroad / Exchange Students: Yes Co-requisites: EC111-4-FY
| Module is taught during the following terms |
| Autumn |  | Spring | | Summer | |
Module Description
The module teaches the necessary mathematical techniques required for a modern degree in Economics. It focuses entirely on economics examples so that students not only learn important mathematical skills but also learn how to apply those skills to problems of economic interest. The module starts at a basic level and so is ideal for students with a weak background in mathematics. The module, however, progresses fairly quickly so that, by the end of the year, the student has the tools to attack relatively sophisticated economics problems. Throughout the year an extra remedial class is provided to help the weakest students keep pace with the module.
Successful completion of the module will provide the student with a strong grasp of fundamental mathematical concepts. Students will be able to solve elementary economics problems and so obtain a more sophisticated understanding of economic principles. The test and assignments will allow students to demonstrate their problem-solving skills to solve real economic problems.
Key employability skills include improved numeracy and analytic talents.
Learning & Teaching Methods
Two lecture hours per week, weeks 2-11, 16-25.
1 class per week, weeks 3-11, 16-25, 30.
Assessment
Whichever is the Greater:
EITHER 50 per cent Coursework Mark, 50 per cent Exam Mark
OR 100 per cent Exam Mark
Coursework:
Two tests, one in the autumn term and one in the spring term.
Exam Duration and Period
3:00 hour exam during Summer Examination period.
Other information
This course is designed to complement, EC114, Introduction to Quantitative Economics
EC115 is compulsory for all single honours economics schemes and is strongly recommended for all students who plan to take economics courses in years 2 and 3.
First year students with a background in mathematics may substitute a more advanced course for EC115 with permission from the department. (If you are interested in this option, please send an email message to ueco@essex.ac.uk.)
Students at Essex only for the Autumn term only are assessed on the basis of at least two pieces of work (assignments or tests), the average of which is the final mark for the course.
Bibliography
- Renshaw, G. Maths for Economics, Oxford University Press, 2005
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Supplementary reading:
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Jacques, Ian. Mathematics for Business and Economics, fourth edition, 2003, Prentice-Hall.