This course is designed to expand on the mathematical techniques developed in EC251. The aim is to provide students with additional mathematical tools, enabling them to analyse a larger, richer, and more interesting set of economic models. Following a review and extension of the optimization techniques and integration studied in EC251, the main focus of the course is on methods for studying dynamic economic problems. Rather than concentrate exclusively on mathematical techniques, intuition for how and why these techniques work will be developed through application to specific economic problems.

Upon completion of the course, students will be able to apply the mathematical techniques covered to describe formally and analyse relevant economic problems, and to discuss the economic intuition underlying the analysis. In completing the course test, students will demonstrate their problem-solving analytical and deductive skills.