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Unit information: Mathematics for Economics in 2022/23

Please note: It is possible that the information shown for future academic years may change due to developments in the relevant academic field. Optional unit availability varies depending on both staffing, student choice and timetabling constraints.

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
Units you must take before you take this one (pre-requisite units)

None

Units you must take alongside this one (co-requisite units)

None

Units you may not take alongside this one

None

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

Unit Information

Why is this unit important?

Mathematics forms an important toolkit for economists, with modern economic theory and empirical methods dependent on a strong understanding of the mathematical underpinnings.

In this unit, you will build upon the mathematics that you have developed pre-University, and will develop a strong 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

How does this unit fit into your programme of study?

This unit provides the mathematical foundations that you will build upon across your undergraduate programme of study. All of your core units in economics and econometrics will use tools developed in this unit, and most optional units will require a strong grounding in this material.

Your learning on this unit

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

How you will learn

Teaching will be delivered through a combination of large and small group classes, supported by online resources

How you will be assessed

Tasks which count towards your unit mark (summative)

  1. MCQs - Best 4 out of 5 (10%)
  2. Group video (10%)
  3. Short assignment (10%)
  4. Exam (2.5 hours) (70%)

When assessment does not go to plan

Reassessment will be in the form of a single examination (2.5 hours)

Resources

If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIM10023).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the Faculty workload statement relating to this unit for more information.

Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates within the Regulations and Code of Practice for Taught Programmes.

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