EC140-15 Mathematical Techniques B
Introductory description
Students will be given the opportunity to develop the requisite quantitative skills for a rigorous study of contemporary economics, including univariate and multivariate calculus, constrained optimization and matrix algebra. The module incorporates both the essential mathematical methods as well as illustrative economic applications. You will also develop appropriate maths-related technical computing skills.
Module aims
To develop the requisite mathematical and quantitative skills for a rigorous study of contemporary economics, including econometric methods and applied economics. The module forms part of the first year core cluster EC120 Quantitative Techniques, which is made up of one module in Mathematical Techniques (A (EC121) or B (EC123)), and one module in Statistical Techniques (A (EC122) or B (EC124)).
Outline syllabus
This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.
Pre-requisite. You will be expected to have a good knowledge of A level algebra and calculus including the rules of differentiation and integration (which will not be taught).
The module will typically cover the following topics:
Calculus of functions of two or more variables; Unconstrained and constrained optimisation; Comparative statics; Matrix algebra; Financial mathematics, and an introduction to difference equations; Illustrative applications of all techniques in economics; mathematical computing skills.
Learning outcomes
By the end of the module, students should be able to:
- :...acquire the tools of quantitative methods necessary to study core and optional first and second year modules in economics for the single honours Economics degree;
- :...develop basic programming ability in the selected statistical software package, including utilising this software to graph functions and undertake mathematical methods;
- '... to enable a systematic quantitative approach to analysing economic problems;
- develop technical computing skills for writing mathematical text and numerical mathematical analysis
Indicative reading list
Please see Talis Aspire link for most up to date list.
View reading list on Talis Aspire
Subject specific skills
Students will have the opportunity to develop skills in:
Analytical thinking and communication
Analytical reasoning
Problem-solving
Abstraction
Analysis of optimisation
Transferable skills
Students will have the opportunity to develop:
Numeracy and quantitative skills
IT skills
Written communication skills
Oral communication skills
Mathematical, statistical and data-based research skills
Study time
| Type | Required |
|---|---|
| Lectures | 10 sessions of 2 hours (13%) |
| Seminars | 8 sessions of 1 hour (5%) |
| Private study | 122 hours (81%) |
| Total | 150 hours |
Private study description
Private study will be required in order to prepare for seminars/classes, to review lecture notes, to prepare for forthcoming assessments, tests, and exams, and to undertake wider reading around the subject.
Costs
No further costs have been identified for this module.
You do not need to pass all assessment components to pass the module.
Assessment group D1
| Weighting | Study time | Eligible for self-certification | |
|---|---|---|---|
| Test 1 | 12% | No | |
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50 minute online test |
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| Test 2 | 12% | No | |
|
50 minute online test |
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| Problem set | 6% | No | |
|
6 x problem sets (1% each) |
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| In-person Examination | 70% | No | |
|
A paper which examines the course content and ensures learning outcomes are achieved.
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Assessment group R1
| Weighting | Study time | Eligible for self-certification | |
|---|---|---|---|
| In-person Examination | 100% | No | |
|
A paper which examines the course content and ensures learning outcomes are achieved.
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Feedback on assessment
The Department of Economics is committed to providing high quality and timely feedback to students on their assessed work, to enable them to review and continuously improve their work. We are dedicated to ensuring feedback is returned to students within 20 University working days of their assessment deadline. Feedback for assignments is returned either on a standardised assessment feedback cover sheet which gives information both by tick boxes and by free comments or via free text comments on tabula, together with the annotated assignment. For tests and problem sets, students receive solutions as an important form of feedback and their marked assignment, with a breakdown of marks and comments by question and sub-question. Students are informed how to access their feedback, either by collecting from the Undergraduate Office or via tabula. Module leaders often provide generic feedback for the cohort outlining what was done well, less well, and what was expected on the assignment and any other common themes. This feedback also includes a cumulative distribution function with summary statistics so students can review their performance in relation to the cohort. This feedback is in addition to the individual-specific feedback on assessment performance.
Pre-requisites
For Economics joint degree course students A-level in Mathematics, or equivalent.
Post-requisite modules
If you pass this module, you can take:
- EC226-30 Econometrics 1
- EC208-15 Industrial Economics 1: Market Structure
- EC221-15 Mathematical Economics 1B
- EC242-15 Environmental and Resource Economics
- EC220-15 Mathematical Economics 1A
- EC333-15 Topics in Financial Economics: Theories and International Finance
- EC203-30 Applied Econometrics
- EC241-15 Experimental Economics
- EC353-15 Industrial Economics 1: Market Structure for Finalists
- EC228-15 Political Economy: Theory and Applications
- EC236-15 Topics in Applied Economics (2b)
- EC236-15 Topics in Applied Economics (2b)
Courses
This module is Core for:
-
UECA-3 Undergraduate Economics 3 Year Variants
- Year 1 of L100 Economics
- Year 1 of L116 Economics and Industrial Organization
This module is Core optional for:
- Year 1 of UIPA-L1L8 Undergraduate Economic Studies and Global Sustainable Development
- Year 1 of UPHA-L1CA Undergraduate Economics, Psychology and Philosophy
- Year 1 of UPHA-V7ML Undergraduate Philosophy, Politics and Economics
This module is Core option list A for:
- Year 1 of UECA-LM1D Undergraduate Economics, Politics and International Studies
- Year 1 of UPHA-V7ML Undergraduate Philosophy, Politics and Economics
This module is Core option list B for:
- Year 1 of ULNA-R1L4 Undergraduate French and Economics (4-year)
- Year 1 of ULNA-R3L4 Undergraduate Italian and Economics (4-year)
This module is Core option list C for:
- Year 1 of ULNA-R4L1 Undergraduate Hispanic Studies and Economics (4-year)
This module is Core option list D for:
- Year 1 of ULNA-R2L4 Undergraduate German and Economics (4-year)
- Year 1 of ULNA-R9L1 Undergraduate Modern Languages and Economics (4-year)