ECO2017 : Mathematical Economics
- Offered for Year: 2021/22
- 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
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Scheduled Learning And Teaching Activities | Lecture | 15 | 1:00 | 15:00 | PIP lecture |
| Guided Independent Study | Assessment preparation and completion | 1 | 30:00 | 30:00 | N/A |
| Guided Independent Study | Directed research and reading | 1 | 33:00 | 33:00 | N/A |
| Scheduled Learning And Teaching Activities | Small group teaching | 3 | 1:00 | 3:00 | PIP seminars |
| Guided Independent Study | Independent study | 1 | 19:00 | 19:00 | 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
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Written Examination | 120 | 1 | A | 100 | N/A |
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.
Learning outcomes can only be assessed through a problem-based analytical/formal written exam.
Alternative assessment: written, online take-home exam.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- ECO2017's Timetable