Course Details in 2023/24 Session

Module Title	LC Mathematics for Economics
School	Birmingham Business School
Department	Economics
Module Code	07 31832
Module Lead	Ralph Bailey
Level	Certificate Level
Credits	20
Semester	Semester 1
Pre-requisites
Co-requisites
Restrictions	None
Exclusions
Description	This module aims to provide students familiar with the calculus technique of differentiation, with a broad knowledge of the quantitative methods used in economics and econometrics. The module introduces students to the varied contexts in which these methods are used. Students will become prepared for the deeper study that will occur in later modules drawing on mathematical ideas. After (1) initial comments on how to apply maths to the real-world subject of economics, we consider (2) how to apply the calculus technique of differentiation; (3) mathematical fundamentals such as logic; (4) uncertainty and probability; (5) the use of vectors and matrices in dealing with large amounts of information; (6) complex numbers as they are used in economics and econometrics.
Learning Outcomes	By the end of the module, students should be able to: demonstrate knowledge and understanding of fundamental concepts and definitions of mathematical economics and econometrics; carry out standard mathematical techniques and manipulations logically and accurately; appraise how these techniques and manipulations can be used in certain standard contexts.
Assessment	31832-01 : Problem Sheet : Coursework (50%) 31832-02 : Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
Assessment Methods & Exceptions	Assessments: take-home problem sheet (50%), 2 hour final exam (50%) Reassessment: by failed element
Other
Reading List