EC251-5-AU-CO:
Mathematical Methods in Economics
2016/17
Economics
Colchester Campus
Autumn
Undergraduate: Level 5
Current
15
18 July 2002
Requisites for this module
EC115 or BE300 or IA156 or MA104
(none)
(none)
(none)
EC351, MA311
BSC 0E45 Economics (Including Placement Year),
BSC L101 Economics,
BSC L103 Economics (Including Foundation Year),
BSC L107 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),
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),
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)
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. Students who successfully complete this module should possess the mathematical tools required to understand simple economic models, and a facility with the mathematical language necessary to read the modern literature in economics.
The objective of this course is to introduce the student to mathematical modelling in economics. A student who has successfully completed this course should possess the mathematical tools required to understand simple economic models and the facility with the mathematical language necessary to read modern literature in economics. The student should also demonstrate the ability to formulate and solve simple economic problems using appropriate mathematical techniques.
No information available.
No information available.
Compulsory for:
Year 2 students on BA in Economics, BSc in Economics, BA in Economics (European Exchange), BA in International Economics and BSc in International Economics, BA in Financial Economics, BSc in Financial Economics, BA in History and Economics
2 lectures and one class per week in one term.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Written Exam |
EC251 Test |
|
|
| Exam |
Main exam: 120 minutes during Summer (Main 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
Reassessment
Module supervisor and teaching staff
Prof Christian Ghiglino
For further information, send an email message to ueco@essex.ac.uk.
Yes
Yes
No
Dr Hui Pan
Coventry University
Senior Lecturer
Available via Moodle
Of 105 hours, 100 (95.2%) hours available to students:
5 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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