Department of Economics & International Development, Unit Catalogue 2006/07

EC10130 Core skills for economists: mathematics 1

Credits: 6

Level: Certificate

Semester: 1

Assessment: EX 100%

Requisites:

In order to take this unit you must have A level Mathematics (or equivalent). Aims: To provide students with knowledge of areas of mathematics that are relevant to undergraduate economics and to prepare them for more advanced units in economics and econometrics.
Learning Outcomes:
By the end of the course unit, students should be able to understand key mathematical concepts, solve mathematical problems, and apply mathematics to economic problems.
Skills:
Students will develop mathematical skills, specifically as listed below.
Content:

* Differentiation, first and second order partial derivatives and differentials with some applications;
* Implicit functions and implicit differentiation with some applications;
* Integration: indefinite and definite with some applications;
* Matrix algebra with some applications;
* Concavity and convexity;
* Unconstrained optimization with some applications;
* Constrained optimization and the use of Lagrange multipliers with some applications.
Key texts:
* A.C. Chiang Fundamental Methods of Mathematical Economics
* I. Jacques Mathematics for Economics and Business.

University | Catalogues for 2006/07