EC140: Mathematical Techniques B
Students will be given the opportunity to develop the requisite quantitative skills for a rigorous study of contemporary economics, including univariate and multivariate calculus, constrained optimization and matrix algebra. The module incorporates both the essential mathematical methods as well as illustrative economic applications. You will also develop appropriate maths-related technical computing skills.
Principal Learning Outcomes
:...acquire the tools of quantitative methods necessary to study core and optional first and second year modules in economics for the single honours Economics degree;
:...develop basic programming ability in the selected statistical software package, including utilising this software to graph functions and undertake mathematical methods;
'... to enable a systematic quantitative approach to analysing economic problems;
develop technical computing skills for writing mathematical text and numerical mathematical analysis
Pre-requisite. 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; Financial mathematics, and an introduction to difference equations; Illustrative applications of all techniques in economics; mathematical computing skills.
- Pre or Co-requisites
- For Economics joint degree course students A-level in Mathematics, or equivalent.
- Assessment Method
- Coursework (30%) + Online Examination (70%)
- Coursework Details
- Online Examination (70%) , Problem set (6%) , Test 1 (12%) , Test 2 (12%)
- Exam Timing
Time Allowed: 2 hours
Read all instructions carefully- and read through the entire paper at least once before you start entering your answers.
There are TWO sections in this paper. Answer ALL TEN questions in Section A using the link to the QMP (40 marks total). QMP will be open for 60 MINUTES ONLY from the beginning of the exam. Answer ALL FOUR questions in Section B (60 marks total).
Approved pocket calculators are allowed. Statistical tables and a formula sheet are provided.
Previous exam papers can be found in the University’s past papers archive. Please note that previous exam papers may not have operated under the same exam rubric or assessment weightings as those for the current academic year. The content of past papers may also be different.