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 Academic Year: | 2016/7 |
| Owning Department/School: | Department of Economics |
| Credits: | 6 [equivalent to 12 CATS credits] |
| Notional Study Hours: | 120 |
| Level: | Masters UG & PG (FHEQ level 7) |
| Period: |
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| Assessment Summary: | 100% |
| Assessment Detail: |
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| Supplementary Assessment: |
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| Requisites: | |
| Description:
| Aims: The unit aims to provide students with the essential mathematical skills needed to solve various types of optimisation problems in economics and to introduce them to software with which they can solve practical optimisation problems. Learning Outcomes: At the end of the unit students will be expected to be able to: a) understand the key properties of functions; b) formulate and solve static optimisation problems; c) formulate and solve dynamic optimisation problems; d) use mathematical software to solve practical mathematical optimisation problems. Skills: Abstraction and analytic skills (A) Information gathering and Synthesis (A) Use of Information Technology (F/A) Time Management and Planning (A) Numeracy Skills (T/A) Content: Fundamentals: properties of functions, linear dependence, eigenvectors and eigenvalues Static analysis: Envelope Theorem, Lagrangians, Kuhn-Tucker theory Dynamic analysis: differential equations, dynamic programming. |
| Programme availability: |
ES50103 is Compulsory on the following programmes:Department of Economics
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Notes:
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