Most economic problems involve choice under scarcity, a phenomenon which lends itself naturally to mathematical formulation. This module is an introduction to the mathematical methods most commonly used when analysing such problems. The methods include: optimisation with one or several variables; matrix algebra and the solution of systems of equations; integral calculus; comparative statics; constrained optimisation. The emphasis is on the expression of economic ideas and reasoning in simple mathematical language. Students who successfully complete this module should possess the mathematical tools required to understand simple economic models, and a facility with the mathematical language necessary to read the modern literature in economics.
The objective of this course is to introduce the student to mathematical modelling in economics. A student who has successfully completed this course should possess the mathematical tools required to understand simple economic models and the facility with the mathematical language necessary to read modern literature in economics. The student should also demonstrate the ability to formulate and solve simple economic problems using appropriate mathematical techniques.
The objective of this course is to introduce the student to mathematical modelling in economics. A student who has successfully completed this course should possess the mathematical tools required to understand simple economic models and the facility with the mathematical language necessary to read modern literature in economics. The student should also demonstrate the ability to formulate and solve simple economic problems using appropriate mathematical techniques.
- Module Supervisor: Tianxi Wang