The objective of the module is to enable students to take the first steps in using mathematics to express economic reasoning. On completion of the module, students will have acquired knowledge of the mathematical methods needed to comprehend economic principles. Each student will be acquainted with simple economic models expressed in a formal way. Students will be able to carry out elementary mathematical operations on these models and interpret the economic meaning of the relevant mathematical concepts (e.g. derivatives interpreted as marginal quantities).
Module aims
- To enable students to make the first steps in using mathematics to express economic reasoning
- To enable students to acquire knowledge of the mathematical methods needed to comprehend economic principles
- To acquaint each student with simple economic models expressed in a formal way
- To enable students to carry out elementary mathematical operations on economic models and interpret the economic meaning of the relevant mathematical concepts
Learning outcomes - coursework
On successful completion of the module a student will demonstrate:
- knowledge of the fundamental principles of economic analysis
- the ability to analyse a specific problem and choose the most appropriate tool for its solution
- the ability to construct and present reasoned, informed and concise descriptions and assessments of ideas in economics
- the ability to apply a rigorous, analytical and numerate approach to a problem
- the ability to present economic ideas and arguments coherently in writing
- an ability to communicate effectively both mathematical arguments and textual accounts of ideas and concepts in economics
- an ability to use mathematical techniques correctly and to apply them to the analysis of statistical data and the solution of mathematical problems
- an ability to identify, evaluate and find effective solutions to problems
Learning outcomes - examination
On successful completion of the module a student will demonstrate:
- the ability to work to a satisfactory standard under examination conditions
- effective time management skills
- the ability to express complex concepts intelligibly without immediate recourse to source material
- the ability to work autonomously during revision periods
Module aims
- To enable students to make the first steps in using mathematics to express economic reasoning
- To enable students to acquire knowledge of the mathematical methods needed to comprehend economic principles
- To acquaint each student with simple economic models expressed in a formal way
- To enable students to carry out elementary mathematical operations on economic models and interpret the economic meaning of the relevant mathematical concepts
Learning outcomes - coursework
On successful completion of the module a student will demonstrate:
- knowledge of the fundamental principles of economic analysis
- the ability to analyse a specific problem and choose the most appropriate tool for its solution
- the ability to construct and present reasoned, informed and concise descriptions and assessments of ideas in economics
- the ability to apply a rigorous, analytical and numerate approach to a problem
- the ability to present economic ideas and arguments coherently in writing
- an ability to communicate effectively both mathematical arguments and textual accounts of ideas and concepts in economics
- an ability to use mathematical techniques correctly and to apply them to the analysis of statistical data and the solution of mathematical problems
- an ability to identify, evaluate and find effective solutions to problems
Learning outcomes - examination
On successful completion of the module a student will demonstrate:
- the ability to work to a satisfactory standard under examination conditions
- effective time management skills
- the ability to express complex concepts intelligibly without immediate recourse to source material
- the ability to work autonomously during revision periods