ECO2017 : Mathematical Economics
- Offered for Year: 2020/21
- Module Leader(s): Dr Francis Kiraly
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
| Semester 1 Credit Value: | 10 |
| ECTS Credits: | 5.0 |
Aims
The aim of the module is to present in detail and apply further mathematical tools and methods used in economic analysis.
Outline Of Syllabus
1. Mathematical thinking in economics
2. Friends and foes in economics
3. Relationships in economics
4. Choice and optimisation in economics
5. Equilibrium in economics
6. Uncertainty in economics
7. Time in economics
8. Dynamics in economics
Teaching Methods
Please note that module leaders are reviewing the module teaching and assessment methods for Semester 2 modules, in light of the Covid-19 restrictions. There may also be a few further changes to Semester 1 modules. Final information will be available by the end of August 2020 in for Semester 1 modules and the end of October 2020 for Semester 2 modules.
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Structured Guided Learning | Lecture materials | 18 | 1:00 | 18:00 | N/A |
| Structured Guided Learning | Lecture materials | 10 | 1:00 | 10:00 | N/A |
| Guided Independent Study | Assessment preparation and completion | 1 | 15:00 | 15:00 | N/A |
| Scheduled Learning And Teaching Activities | Small group teaching | 5 | 1:00 | 5:00 | N/A |
| Scheduled Learning And Teaching Activities | Drop-in/surgery | 8 | 0:30 | 4:00 | N/A |
| Guided Independent Study | Independent study | 1 | 48:00 | 48:00 | N/A |
| Total | 100:00 |
Teaching Rationale And Relationship
Lectures materials provide the mathematical formalisation of a particular economic question or situation, together with the relevant analysis.
Small group teaching allows students to practice, develop and demonstrate their skills in using these analytical methods.
Assessment Methods
Please note that module leaders are reviewing the module teaching and assessment methods for Semester 2 modules, in light of the Covid-19 restrictions. There may also be a few further changes to Semester 1 modules. Final information will be available by the end of August 2020 in for Semester 1 modules and the end of October 2020 for Semester 2 modules.
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Written Examination | 99 | 1 | A | 100 | 48 hr take home exam |
Formative Assessments
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Prob solv exercises | 1 | M | Problem Solving Exercises, followed by group feedback. |
Assessment Rationale And Relationship
The exam tests understanding of mathematical concepts and methods used in economic models, as well as the capacity to use these analytical techniques in various applications.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- ECO2017's Timetable