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Unit information: Mathematics for Economics in 2020/21

Please note: you are viewing unit and programme information for a past academic year. Please see the current academic year for up to date information.

Unit name Mathematics for Economics
Unit code EFIM10023
Credit points 20
Level of study C/4
Teaching block(s) Teaching Block 1 (weeks 1 - 12)
Unit director Dr. Yanos Zylberberg
Open unit status Not open
Pre-requisites

None

Co-requisites

None

School/department School of Economics
Faculty Faculty of Social Sciences and Law

Description including Unit Aims

This unit aims to equip students with the mathematical tools that they will require in undergraduate programmes in Economics, Econometrics, and Finance.

The unit provides students with a grounding in the following areas of mathematics:

  • Univariate and multivariate calculus
  • Partial differentiation
  • Optimisation
  • Constrained optimisation through equality and inequality constraints
  • Integration
  • Introduction to matrices, including a discussion of determinants, inverses

Intended Learning Outcomes

Students will be able:

  1. To manipulate mathematical formulae and solve well-defined mathematical problems
  2. To understand the principles underlying mathematical solution methods
  3. To translate economic problems into mathematical models
  4. To interpret the solutions to mathematical problems and translate these into economic conclusions

Teaching Information

Teaching will be delivered through a combination of synchronous and asynchronous sessions such as online teaching for large and small group, face-to-face small group classes (where possible) and interactive learning activities

Assessment Information

1. MCQs - Best 4 out of 5 (10%) 2. Group video (10%) 3. Short assignment (10%) 4. Exam (70%)

Reading and References

Sydsaeter, K. and Hammond, P., Essential Mathematics for Economic Analysis, Prentice Hall.

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