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Module Title LC Advanced Quantitative Economic Methods A
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 08 11102
Module Lead Ralph Bailey
Level Certificate Level
Credits 10
Semester Full Term
Pre-requisites
Co-requisites LC Advanced Quantitative Economic Methods B - (08 11103)
Restrictions Available to undergraduate Economics Department students only
Contact Hours Lecture-16 hours
Seminar-4 hours
Guided independent study-80 hours
Total: 100 hours
Exclusions
Description

This linked 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 modules introduce 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. The three main topics covered are (in semester 1) Optimization, and  Probability, and (in semester 2) Matrix Methods. The modules also contain single-lecture introductions to further topics important in economics and/or econometrics. Examples are: Game Theory, Logic, Functions, and Complex Numbers.

Learning Outcomes

On completion of these linked modules students will 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 11102-01 : Exam : Exam (Centrally Timetabled) - Written Unseen (100%)
Assessment Methods & Exceptions 3 hour examination (100%) Reassessment: 3 hour examination (100%)
Other none
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