Mathematics for Economists

• Credit value: 30 credits at Level 6
• Convenor: Dr Kenjiro Hori
• Assessment: a two-hour mid-term test (20%) and a three-hour 15-minute final examination (80%)

In this module we provide you with working knowledge of the mathematics employed in other modules on the Graduate Diploma in Mathematics. You will learn the benefits of using mathematical vocabulary and reasoning to analyse economic and financial models.

Indicative syllabus

• Basic algebra revision: numbers; solving equations; exponents; functions; graphs
• Differential calculus: slopes; ordinary derivatives; higher-order derivatives; optimisation; partials; Log, exponential and inverse functions; differentials; total derivatives
• Optimisation: multivariable optimisation; equality-constrained optimisation; Lagrangeans; applications to consumer theory and producer theory
• Linear algebra: vectors; matrices; determinants; adjoints; inverses; solving equation systems; Cramer’s rule