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Term 2
Aims:
To consolidate the
mathematics background needed for the rest of the degree programme at a
level appropriate for economics specialists.
Objectives:
- 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.
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Taught by: |
Malcolm Pemberton |
| Assessment: |
Assessment is by a two-hour
unseen written examination in Term 3. |
|
Suitable for: |
Compulsory for 1st Year Economics (L100) students. |
|
Prerequisites: |
Students must also take ECON1004. |
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Moodle page: |
ECON1008 |
