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EC221 - Mathematical Economics 1B

  • Module code: EC221
  • Module name: Mathematical Economics 1B
  • Department: Economics
  • Credit: 12, 15

Content and teaching | Assessment | Availability

Module content and teaching

Principal aims

"Mathematical Economics 1b, ""Models of Static and Dynamic Optimisation” provides some basic mathematical tools of static and dynamic optimisation and presents some applications in theory of incentives and in macroeconomic growth. Lecture shall develop the notion of competitive equilibrium and the fundamental properties of competitive equilibria: existence and optimality. It will also cover the implications for public policy, international trade and (if time permits) asset pricing. "

Principal learning outcomes

Both game theory and general equilibrium theory involve deep analysis of relatively simple situations conducive to the advancement of the reasoning ability of students. Students will acquire a sense of the importance of strategic considerations in economic problem solving and the normative significance of competitive markets in obtaining Pareto optimal allocations via appropriate extensions of the commodity space. Students will learn that a few simple, intuitive principles, formulated precisely, can go a long way in understanding the fundamental aspects of many economic problems. Problem solving abilities and understanding of the concepts and methods will be tested in the exam.

Timetabled teaching activities

This module runs in the Spring Term. Two lectures per week, one problem class per fortnight and one seminar per fortnight.

Departmental link

http://go.warwick.ac.uk/ec221

Module assessment

Assessment group Assessment name Percentage
12 CATS (Module code: EC221-12)
B (Examination only) Examination - Main Summer Exam Period (weeks 4-9) 100%
15 CATS (Module code: EC221-15)
D (Assessed/examined work) Assessed Course Work 20%
Examination - Main Summer Exam Period (weeks 4-9) 80%
Assessed Course Work 100%

Module availability

This module is available on the following courses:

Core

N/A

Optional Core
  • Undergraduate Mathematics and Economics (GL11) - Year 2
  • Undergraduate Mathematics and Economics (with Intercalated Year) (GL12) - Year 2
Optional
  • Undergraduate Mathematics (BSc) (G100) - Year 2
  • Undergraduate Mathematics (BSc) (G100) - Year 3
  • Undergraduate Mathematics with Intercalated Year (G101) - Year 2
  • Undergraduate Mathematics with Intercalated Year (G101) - Year 4
  • Undergraduate Mathematics (MMath) (G103) - Year 2
  • Undergraduate Mathematics (MMath) (G103) - Year 3
  • Undergraduate Mathematics (MMath) (G103) - Year 4
  • Undergraduate Master of Mathematics (with Intercalated Year) (G105) - Year 2
  • Undergraduate Master of Mathematics (with Intercalated Year) (G105) - Year 3
  • Undergraduate Master of Mathematics (with Intercalated Year) (G105) - Year 4
  • Undergraduate Master of Mathematics (with Intercalated Year) (G105) - Year 5
  • Undergraduate Mathematics (MMath) with Study in Europe (G106) - Year 2
  • Undergraduate Mathematics (MMath) with Study in Europe (G106) - Year 4
  • Undergraduate Mathematics and Statistics (BSc MMathStat) (G1G3) - Year 2
  • Undergraduate Mathematics and Business Studies (with Intercalated Year) (G1N2) - Year 2
  • Undergraduate Mathematics and Business Studies (G1NC) - Year 2
  • Undergraduate Master of Mathematics,Operational Research,Statistics and Economics (G300) - Year 2
  • BSc Computing Systems (G400) - Year 2
  • MEng Computing Systems (G402) - Year 2
  • Undergraduate Computer Science (G500) - Year 2
  • Undergraduate Computer Science MEng (G503) - Year 2
  • Undergraduate Computer and Management Sciences (G5N1) - Year 2
  • Undergraduate Mathematics and Statistics (BSc) (GG14) - Year 2
  • Undergraduate Mathematics and Economics (GL11) - Year 3
  • Undergraduate Mathematics and Economics (with Intercalated Year) (GL12) - Year 4
  • Undergraduate Economics 3 Year Variants (L100) - Year 2
  • Undergraduate Economics, Politics and International Studies (LM1D) - Year 2
  • Undergraduate Economics, Politics and International Studies (LM1D) - Year 3
  • Undergraduate Economics 4 Year Variants (LM1H) - Year 2
  • Undergraduate Economics 4 Year Variants (LM1H) - Year 3
  • Undergraduate Economics 4 Year Variants (LM1H) - Year 4
  • Undergraduate Philosophy, Politics and Economics (with Intercalated year) (V7MG) - Year 4
  • Undergraduate Philosophy, Politics and Economics (with Intercalated year) (V7MH) - Year 4
  • Undergraduate Philosophy, Politics and Economics (with Intercalated year) (V7MI) - Year 4
  • Undergraduate Philosophy, Politics and Economics (with Intercalated year) (V7MJ) - Year 4
  • Undergraduate Philosophy, Politics and Economics (V7ML) - Year 2
  • Undergraduate Philosophy, Politics and Economics (V7ML) - Year 3
  • Undergraduate Philosophy, Politics and Economics (with Intercalated year) (V7MM) - Year 4
  • Undergraduate Philosophy, Politics and Economics (V7MP) - Year 2
  • Undergraduate Philosophy, Politics and Economics (V7MP) - Year 3
  • Undergraduate Philosophy, Politics and Economics (with Intercalated year) (V7MQ) - Year 4
  • Undergraduate Philosophy, Politics and Economics (V7MR) - Year 2
  • Undergraduate Philosophy, Politics and Economics (V7MR) - Year 3
  • Undergraduate Philosophy, Politics and Economics (V7MR) - Year 4
  • Undergraduate Philosophy, Politics and Economics (with Intercalated year) (V7MS) - Year 4
  • Undergraduate Mathematics,Operational Research,Statistics and Economics (Y602) - Year 2