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Module

ECO1010 : Mathematics for Economics

  • Offered for Year: 2020/21
  • Module Leader(s): Dr Robert Anderson
  • Demonstrator: Ms Sze Nie Ung, Dr Riikka Savolainen
  • Owning School: Newcastle University Business School
  • Teaching Location: Newcastle City Campus
Semesters
Semester 1 Credit Value: 10
Semester 2 Credit Value: 10
ECTS Credits: 10.0

Aims

To develop students ability to apply basic mathematical techniques in economic analysis.

Economics is an essentially quantitative subject. If we are to have a significant understanding of how individuals, corporations and societies confront the problems posed by the scarcity of resources, then it is essential that we should be in a position to analyse the quantitative relationship between key economic variables. In turn, this means that in order to be able to conduct this sort of quantitative analysis we must have access to a basic kit of mathematical tools. This course therefore aims to provide students with such a kit. In particular, the course covers essential mathematical topics such as sets, functions and equations, as well as differential and integral calculus. The focus throughout is on the application of mathematical methods in the analysis of economic problems.

Outline Of Syllabus

Outline of syllabus:
1. Numbers and sets
2. Arithmetic and algebra
3. Linear and simultaneous equations
4. Quadratic and polynomial equations
5. Limits and inequalities
6. Differentiation
7. Univariate optimisation
8. Exponents and logarithms
9. Natural numbers
10. Integration
11. Matrix algebra
12. Partial Derivatives
13. Multivariate optimisation
14. Constrained optimisation

Teaching Methods

Module leaders are revising this content in light of the Covid 19 restrictions.
Revised and approved detail information will be available by 17 August.

Assessment Methods

Module leaders are revising this content in light of the Covid 19 restrictions.
Revised and approved detail information will be available by 17 August.

Reading Lists

Timetable