Mathematical Methods for Economics 1

Module code: ECN118

This is the core mathematics module for students who do not have A Level mathematics. It introduces the basic mathematical skills required by economists.

Aims of the module

The module aims to provide an insight into the importance of mathematical methods in economics and to introduce and apply a range of mathematical techniques to economic problems.

Learning objectives

By the end of this module students will be expected to demonstrate:

  • acquisition of the essential mathematical skills used in economic analysis
  • an ability to make use of the mathematical approach in formulating and analysing problems in economics, and recognition of its limitations
  • the facility to solve a range of specific problems

Syllabus

Topics covered in the course include: revision of algebra; functions; differential calculus; integration; constrained optimisation; matrix algebra. All topics are demonstrated with economic applications

Teaching methods

Twenty-two lectures over the academic year, which include refresher mathematics in the first two weeks of the course. Topics typically comprise a lecture covering mathematical technique and a lecture covering the economic application of the technique.

There are also 20 workshops and 10 problem solving/examples classes, tailored to those who need a gradual introduction to basic mathematics

Assessment

An unseen end-of-module examination (50%), plus two class tests (25% each)

Basic reading

We advise you not to buy books before the module begins, as the reading list may change. If you wish to read in advance, look for these texts in the University library

The key text for this module, to which frequent reference will be made, is Renshaw, G (2016) Maths for Economics, 4th edition, Oxford University Press

For further reading: Jacques, I (2015) Mathematics for Economics and Business, 8th edition, Pearson

Prerequisites Restricted to students on a degree course for which this is a core unit. Cannot be taken with MAS110 or MAS152

Module leader Pamela Lenton

Please note that the leader may change before the module begins

Semester Academic year

Credits 20