ECON1008 - Introduction to Mathematics for Economics II
To consolidate the mathematics background needed for the rest of the degree programme at a level appropriate for economics specialists.
- Ability to analyze simple economic models of constrained optimization and interpret various mathematical parameters in an economically meaningful fashion (e.g. Lagrange multipliers as shadow prices)
- Ability to analyze both linear and nonlinear dynamic economic models, to find steady states and discuss stability properties.
|Assessment:||20 lectures, 10 demonstration classes and 5 compulsory tutorial classes with accompanying exercises - students must complete 4 problem sets during the term. 2-hour unseen written examination in Term 3.|
||Compulsory for 1st Year Economics (L100) students.|
Students must also take ECON1004.
|Module Evaluation (Previous year):||