EC140: Mathematical Techniques B

Jo Turrall
Module Leader

15 CATS - Department of Economics

Introduction

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 Aims

To develop the requisite mathematical and quantitative skills for a rigorous study of contemporary economics, including econometric methods and applied 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 (EC139) or B (EC140)), and one module in Statistical Techniques (A (EC122) or B (EC124)).

Principal Learning Outcomes

:...acquire the tools of quantitative methods necessary to study core and optional first and second year modules in economics;

:...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

Syllabus

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.

Context

Core Module: L100 - Year 1, L116 - Year 1
Optional Core Module: LM1D (LLD2) - Year 1
Pre or Co-requisites: For Economics joint degree course students A-level in Mathematics, or equivalent.

Assessment

Assessment Method: Coursework (10%) + Centrally-timetabled examination (On-campus) (90%)
Coursework Details: Centrally-timetabled examination (On-campus) (90%) , Problem set (10%)
Exam Timing: Summer