This module will build on the mathematical presentation and analysis of economic models taught in the level 5 module EQT2. It is designed to inform students of the deeper aspects of the models they have seen hitherto as well as to enable them to appreciate the benefits of dynamic forms of analysis. A good performance in this module should enable a student to approach an MSc in Economics with some confidence in their mathematical training.
This module aims to:
On successful completion of the module, students will be able to:
The module consists of a weekly workshop comprising a combination of lecture component and seminar component. Students will periodically receive problem sets and assigned readings that will form the basis of the interactive element of the seminar component of the workshops. This will help students develop/practice problem solving techniques and apply/relate theory to practice.
| Definitive UNISTATS Category | Indicative Description | Hours |
|---|---|---|
| Scheduled learning and teaching | Workshop – 3 x 22 hours | 66 |
| Guided independent study | Preparation of problem sets | 122 |
| Guided independent study | General independent study and exam revision | 112 |
| Total (number of credits x 10) | 300 | |
Assessment will comprise weekly problem sets, the completion of one class test, a group assignment and a final exam.
The problem sets and the group assignment will form the basis of the formative component of assessment and the class test together with the group assignment and the final exam will form the summative component of assessment.
| Learning Outcome | Assessment Strategy |
|---|---|
| Comprehend much of the economics literature which employs mathematics. | Problem sets, class test, examination |
| Employ mathematical analysis to enhance formal reasoning. | Problem sets, class test, group assignment, examination |
| Present a more comprehensive explanation of consumer and producer theory | Problem sets, class test, group assignment examination |
| Use dynamic linear and non-linear dynamic analysis in the context of both microeconomics and macroeconomics | Problem sets, class test, group assignment examination |
| Description of Assessment | Definitive UNISTATS Categories | Percentage |
|---|---|---|
| Practical exam | Class test | 25 |
| Coursework | Group assignment | 25 |
| Written exam | Mixed examination | 50 |
| Total (to equal 100%) | 100% | |
It IS NOT a requirement that any element of assessment is passed separately in order to achieve an overall pass for the module.
Baldani, J., Bradfield, J. & Turner, R. (2004). Mathematical Economics, Second Edition, South-Western
Chiang, A & Wainwright, K (2005) Fundamental Methods of Mathematical Economics, McGraw-Hill