Quantitative Techniques for Economics and Finance I

• Credit value: 30 credits at Level 4
• Convenor: Dr Alastair Ball
  
• Assessment: Moodle quizzes and an assignment (40%) and a three-hour examination (60%)

In this module you will learn the quantitative techniques that form the foundation for the entire programme. We will show you how these techniques work and how they can be used to understand the structure and operation of simple economic and financial models. As part of this module you will study mathematics and statistics.

By the end of this module, you should:

• be proficient in basic algebraic manipulation
• be able to solve linear equations
• be able to apply and solve quadratic, exponential and logarithmic equations
• be able to use differentiation and optimisation techniques in economic applications
• be familiar with exponential and logarithmic functions
• be familiar with random variables and probability distributions
• understand basic probability concepts and be able to calculate conditional and unconditional, marginal and joint probabilities
• be able to compute the expectation and variance of linear functions of random variables.