Module Catalogues, Xi'an Jiaotong-Liverpool University

Module Code: ECO204
Module Title: Mathematical Economics
Module Level: Level 2
Module Credits: 5.00
Academic Year: 2020/21
Semester: SEM1
Originating Department: International Business School Suzhou
Pre-requisites: ECO101

 Aims The aim of the module is to introduce students to the use of mathematical models in the study of Economics. This module builds on the material of the first year Mathematics and Economics modules and will deepen students’ knowledge of both Microeconomics and Macroeconomics.
 Learning outcomes A. Demonstrate an understanding of the theories and application of univariate calculusB. Demonstrate a basic understanding of matrix algebraC. Demonstrate skills with multivariate calculus and study optimizationD. Apply these skills to solving microeconomic and macroeconomic problems
 Method of teaching and learning The module will be taught using a combination of lectures, exercise tutorials and office hours for student questions. The lectures are intended to provide an introduction to the topics covered in the syllabus. This will be built upon by the regular completion of structured exercises. Learning will also be reinforced by appropriate readings from the course text. Additional time for questions will be provided to students during office hours.
 Syllabus 1. Univariate calculus: Theory and application to different market structures2. Matrix algebra: Basic operations3. Matrix algebra: The inverse of a matrix4. Matrix algebra: Systems of equations & Cramer’s rule5. Matrix algebra: Application: IS-LM analysis6. Multivariate calculus: Theory7. Multivariate calculus: Application – Balanced budget multipliers8. Unconstrained multivariate optimization: Theory9. Unconstrained multivariate optimization: Application – Profit maximization and duopoly10. Constrained optimization: Theory11. Constrained optimization: Application – Utility analysis12. Difference equations: Theory and application – simple Keynesian model & Cobweb model
Delivery Hours
 Lectures Seminars Tutorials Lab/Prcaticals Fieldwork / Placement Other(Private study) Total Hours/Semester 26 12 112 150

## Assessment

 Sequence Method % of Final Mark 1 Midterm Exam 15.00 2 Final Exam 70.00 3 Coursework 15.00
 Module Catalogue generated from SITS CUT-OFF: 6/5/2020 5:25:39 PM