EC251-5-SP-CO:
Mathematical Methods in Economics
2024/25
Economics
Colchester Campus
Spring
Undergraduate: Level 5
Current
Monday 13 January 2025
Friday 21 March 2025
15
20 August 2024
Requisites for this module
EC115 or BE300 or IA156 or MA101
(none)
(none)
(none)
EC351
BSC 0E45 Economics (Including Placement Year),
BSC L101 Economics,
BSC L101SK Economics,
BSC L103 Economics (Including Foundation Year),
BSC L107 Economics (Including Year Abroad),
MECNL130 Economics,
MECNLA30 Economics (Including Placement Year),
MECNLA31 Economics (Including Year Abroad),
BSC 0Q64 Financial Economics (Including Placement Year),
BSC L114 Financial Economics,
BSC L117 Financial Economics (Including Foundation Year),
BSC L194 Financial Economics (Including Year Abroad),
MECNL131 Financial Economics,
MECNLB31 Financial Economics (Including Placement Year),
MECNLB32 Financial Economics (Including Year Abroad),
BSC 5H18 International Economics (Including Placement Year),
BSC L116 International Economics,
BSC L161 International Economics (Including Foundation Year),
BSC L162 International Economics (Including Year Abroad),
MECNL132 International Economics,
MECNLC32 International Economics (Including Placement Year),
MECNLC33 International Economics (Including Year Abroad),
BSC 5M00 Management Economics (Including Placement Year),
BSC L109 Management Economics,
BSC L191 Management Economics (Including Foundation Year),
BSC L193 Management Economics (Including Year Abroad),
MECNL133 Management Economics,
MECNL134 Management Economics (Including Placement Year),
MECNL135 Management Economics (Including Year Abroad),
BSC LG01 Economics with Data Science,
BSC LG02 Economics with Data Science (Including Year Abroad),
BSC LG03 Economics with Data Science (Including Placement Year),
BSC LG04 Economics with Data Science (Including Foundation Year),
BSC C148 Economics with Psychology,
BSC C149 Economics with Psychology (Including Foundation Year),
BSC C158 Economics with Psychology (Including Year Abroad),
BSC C168 Economics with Psychology (Including Placement Year)
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.
This module does not appear to have a published bibliography for this year.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Coursework |
Mid-term Test via FASER |
24/02/2025 |
|
| 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
Prof Bruno Sultanum, email: bruno.sultanum@essex.ac.uk.
Lectures: Professor Bruno Sultanum. Classses: Various teachers
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 522 hours, 92 (17.6%) hours available to students:
430 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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