ECN212 Further Mathematical Methods for Economics (20 credits)

Year Running: 2016/2017

Credit level: F5

Pre-requisites		ECN118 or ECN119. The module is core for students on BSc Economics and BSc Economics with Finance. Other students must have passed ECN118 or ECN119 with a mark of 60% or above to take this module.
Excluded		ECN307
Additional Information		Restricted to students for whom it is core or approved

Description

This module aims to build upon a basic knowledge of mathematical economics, introducing and explaining some of the more advanced mathematical techniques which are prevalent in modern economics and to show how they can be applied to intermediate economic analysis and discussions. By the end of the module students should be able to demonstrate an understanding of, and be able to apply in a variety of economic situations, the principles of univariate and multivariate calculus; linear algebra; constrained and unconstrained optimisation and comparative static analysis (with and without the use of linear algebra); basic inequality constrained optimisation; maximum value functions and the envelope theorem. It is assumed that students enrolling onto this module can rearrange equations, solve simultaneous equations, undertake multivariate calculus and solve economic problems including basic constrained optimisation.

Reading List

Please click here for reading list.

Teaching Methods

Delivery Type	Hours
Independent	167.0
Lecture	20.0
Problem Solving	5.0
Tutorial	5.0

Methods of assessment

Assessment Type	Duration	% of formal assessment	Semester
Exam	3.0	100 %

Teaching methods and assessment displayed on this page are indicative for 2023-24.