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Module

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 LearningLecture materials181:0018:00N/A
Structured Guided LearningLecture materials101:0010:00N/A
Guided Independent StudyAssessment preparation and completion115:0015:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching51:005:00N/A
Scheduled Learning And Teaching ActivitiesDrop-in/surgery80:304:00N/A
Guided Independent StudyIndependent study148:0048:00N/A
Total100:00
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 Examination991A10048 hr take home exam
Formative Assessments
Description Semester When Set Comment
Prob solv exercises1MProblem 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