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 | MATHEMATICAL ECONOMICS | ||
Code | ECON113 | ||
Coordinator |
Dr Y Li Economics Yan.Li3@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2021-22 | Level 4 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 |
12 |
12 |
24 |
48 | |||
Timetable (if known) |
60 mins X 1 totaling 12
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120 mins X 1 totaling 12
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Private Study | 102 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 4: Mid-term MCQ testâ¯(Online) Assessment Type: Written Exam⯠Duration: 1 hourâ¯â¯ Weighting: 20%⯠Reassessment Opportunity: No Penalty for Late Submission: Standard UoL pe | 1 hour | 20 | ||||
Assessment 5: Written Open Book Online Assessment⯠Assessment Type: Written Examâ¯â¯ Duration: 4 hours⯠Weighting: - 60%⯠Reassessment Opportunity: Yesâ¯â¯ Penalty for Late Submis | 4 hours (Expected co | 60 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Synchronous Assessment 3: Tutorial Question Set Assessment with Peer Marking Assessment Type: Written Exam⯠Duration: 1 hourâ¯â¯ Weighting: 7.5%⯠Reassessment Opportunity: Noâ¯â¯ | 1 hour | 7 | ||||
Synchronous Assessment 2: Tutorial Question Set Assessment with Peer Marking Assessment Type: Written Exam⯠Duration: 1 hourâ¯â¯ Weighting: 7.5%⯠Reassessment Opportunity: Noâ¯â¯ | 1 hour | 7 | ||||
Synchronous Assessment 1: Take home Self-Assessment Assessment Type: Written Exam⯠Duration: 1 hourâ¯â¯ Weighting: 5%⯠Reassessment Opportunity: Noâ¯â¯ Penalty for Late Submissi | 1 hour | 5 |
Aims |
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The aims are: - to prepare students for the more advanced Year 2 Mathematical Economics II option, which is a prerequisite for certain Year 3 modules. - to prepare students for the econometrics sequence starting in Year 2. - to develop mathematical maturity and problem solving skills. |
Learning Outcomes |
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(LO1) An understanding of key techniques of proof |
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(LO2) An understanding of comparative statics and calculus methods including integration, multivariate optimisation and constrained optimisation |
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(LO3) An ability to solve economic problems using the mathematical techniques introduced during lecture hours. |
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(S1) Problem solving skills |
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(S2) Numeracy |
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(S3) Lifelong learning skills |
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(S4) Adaptability |
Teaching and Learning Strategies |
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Teaching Method – Online Asynchronous Learning Materials Teaching Method: Synchronous Lecture Self Directed Learning Hours: 102 Costs Information: This module is a pre-requisite for the following modules: Skill/Other Attribute 2: Skill/Other Attribute 3: Skill/Other Attribute 4: |
Syllabus |
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Techniques of proof Review of univariate functions, differentiation, and single-variable optimisation Introduction to Integration Functions of many variables Tools for comparative statics Multivariate optimisation Constrained optimisation |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |