Module Catalogues

Mathematics for Economists

Module Title Mathematics for Economists
Module Level Level 4
Module Credits 5.00
Academic Year 2016/17
Semester SEM1

Aims and Fit of Module

This module provides students with an overview of the main mathematical tools used in economics analysis. The key aim is for students to familiarize themselves with basic mathematical tools for static, comparative, and dynamic analysis. This also implies applying the tools discussed in class to solving various economics problems in order to practice what is being taught. Since mathematics is at the foundation of virtually every field of economics, it is important for the student to achieve both depth and breadth of understanding in order to fully comprehend developments in research of any area of economics.

Learning outcomes

A Use and understand graphs and equations
B Apply the rules of differentiation as used in economics research
C Understand the basics of calculus, exponential, and logarithmic functions and apply them to problem solving
D Understand and be able to use the basics of matrix algebra
E Perform comparative statics exercises
F Understand and apply the principles of integral calculus.
G Understand and apply the basics of differential and difference equations.
H Understand and apply the main principles of the calculus of variations and optimal control theory

Method of teaching and learning

Weekly lectures and tutorials with practical exercises and assignments