
Module Availability 
Autumn 


Assessment Pattern 
Unit(s) of Assessment 
Weighting Towards Module Mark (%)

Coursework 
100%

Qualifying Condition(s) A weighted aggregated mark of 40% is required to pass the module.




Module Overview 
This module builds on the Mathematics for Economics module from Level 1 and provides an introduction to economic dynamics, equilibrium analysis via matrix algebra and the background mathematics for OLS estimators.



Prerequisites/Corequisites 
ECO1013 


Module Aims 
 To introduce students to matrix algebra and economic dynamics
 To provide students with mathematical skills necessary to analyse complex economic models



Learning Outcomes 
By the end of the module students will:
 Be able to solve first and secondorder difference equations
 Be able to use a qualitativegraphic approach to solve a nonlinear difference equation
 Be able to analyse the timepath of economic variables to determine stability or instability
 Be able to express a system of equations in matrix form and test for the existence of a solution
 Be able to obtain the solution of an equation system by matrix methods
 Be able to derive regression estimators via calculus and matrix methods



Module Content 



Methods of Teaching/Learning 
Lectures (15 hrs) and Classes (5 hrs)



Selected Texts/Journals 
Chiang, A C & Wainwright, K, Fundamental Methods of Mathematical Economics, McGrawHill, 4^{th} edition, 2005 Jacques, I, Mathematics for Economics and Business, Pearson, 6^{th} ed, 2009 Renshaw, G, Maths for Economics, OUP, 2nd ed, 2009 


Last Updated 
28 September 2010

