ULMS Electronic Module Catalogue

The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title Mathematics for Economics
Code ECON841
Coordinator Dr RR Routledge
Economics
R.R.Routledge@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2020-21 Level 7 FHEQ First Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

 

Modules for which this module is a pre-requisite:

 

Programme(s) (including Year of Study) to which this module is available on a required basis:

 

Programme(s) (including Year of Study) to which this module is available on an optional basis:

 

Teaching Schedule

  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 24

  12

      36
Timetable (if known)              
Private Study 114
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Examination There is a resit opportunity. Non-standard penalty applies for late submission - Assessment Schedule (When): 1  2 hours    80       
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Mid-term test There is a resit opportunity. Non-standard penalty applies for late submission Assessment Schedule (When): 1  1 hour    20       

Aims

To introduce students to advanced mathematical techniques so that they can smoothly acquire ideas in other postgraduate economics modules;

To provide students with the mathematical skills to proceed to professional research should they continue with their studies.


Learning Outcomes

(LO1) Students should be able to solve advanced mathematical problems which appear frequently in economic theory;

(LO2) Students should feel comfortable using mathematical models and be able to read academic research papers which use such models;

(LO3) Students should be able to demonstrate that they have engaged in private learning to supplement the lectures and tutorials;

(LO4) Students should be able to demonstrate flexibility in solving problems and choose appropriate methods to apply.

(S1) Students will acquire the ability to think analytically and to reason using mathematical expressions.

(S2) Students should be able to demonstrate that they have engaged in private learning to supplement the lectures and tutorials.

(S3) Students should be able to demonstrate flexibility in solving problems and choose appropriate methods to apply.


Teaching and Learning Strategies

Lectures x 24 hours

Tutorials x 12 hours

Self-directed learning x 114 hours
Students should study between 8-10 hours of independent study during each week of the 12-week term.


Syllabus

 

Topology, fixed-point theory and metric spaces;

Concavity and optimization;

Optimal control theory - Hamiltonian/Bellman equations.


Recommended Texts

Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.