Mathematical Economics I
Unit code : ECON20120
Credit rating : 20
Teaching period(s) : Full year
The aim of this course is to develop students’ knowledge of the analytical and mathematical techniques used in static and dynamic economic theory.
At the end of this course students should be able to:
- Apply the Lagrange and Kuhn-Tucker methods to solve economic optimization problems.
- Apply duality theory to construct expenditure and demand functions.
- Understand and apply methods of comparative statics.
- Solve simple games, including duopoly games.
- Solve economic models involving first order one-dimensional and two-dimensional difference equations as well as first order one and two-dimensional differential equations.
- Online tests (5 x 6% = 30%).
- Final Exam - part A multiple choice, part B longer questions with choice (70%).
- Mid-Term Exam - multiple choice questions (20%).
Final Exam - part A multiple choice questions, part B 1/2 longer questions (80%).
See course Blackboard pages.
Lectures - 32 hours
Tutorials - 20 hours
Lectures and tutorial classes.