EC123: Mathematical Techniques B

12 CATS - Department of Economics

Principal Aims

To develop the requisite quantitative skills for a rigorous study of contemporary economics. The module forms part of the first year core cluster EC120 Quantitative Techniques, which is made up of one module in Mathematical Techniques (A (EC121) or B (EC123)), one module in Statistical Techniques (A (EC122) or B (EC124)) as well as Computing and Data Analysis (EC125).

Principal Learning Outcomes

By the end of this module you should know the main mathematical ideas and techniques routinely used for economic analysis.

Syllabus

Prerequisite. You will be expected to have a good knowledge of A level algebra and calculus including the rules of differentiation and integration (which will not be taught).

The module will typically cover the following topics:

Calculus of functions of two or more variables; Unconstrained and constrained optimisation; Comparative statics; Matrix algebra; Difference equations; Applications of all techniques in economics.

Context

Pre or Co-requisites: For Economics joint degree course students A-level in Mathematics, or equivalent.
Pre-requisite for: EC203, EC220, EC221, EC226
Restrictions: This module is restricted to LM1D/LLD2, V7ML and Joint Economics and Modern Language students and L1L8 students on Route B.
Part-year Availability for Visiting Students: Available in the Autumn term only (1 x test - 4.8 CATS)

Assessment

Assessment Method: Coursework (25%) + 1.5 hour exam (75%)
Coursework Details: Two 50 min tests (worth 12.5% each)
Exam Timing: May/June

Exam Rubric

Time Allowed: 1.5 Hours, plus 15 minutes reading time during which notes may be made (on the question paper) BUT NO ANSWERS MAY BE BEGUN.

Answer ALL SEVEN questions. Answer questions 1-4 in one booklet and questions 5-7 in a separate booklet

Approved pocket calculators are allowed.

Read carefully the instructions on the answer book provided and make sure that the particulars required are entered on each answer book.