Please note: there may be some adjustments to the teaching arrangements published in the course catalogue for 2020-21. Given current circumstances related to the Covid-19 pandemic it is anticipated that some usual arrangements for teaching on campus will be modified to ensure the safety and wellbeing of students and staff on campus; further adjustments may also be necessary, or beneficial, during the course of the academic year as national requirements relating to management of the pandemic are revised.

Introductory Mathematics for Economists ECON1012

  • Academic Session: 2021-22
  • School: Adam Smith Business School
  • Credits: 10
  • Level: Level 1 (SCQF level 7)
  • Typically Offered: Semester 1
  • Available to Visiting Students: Yes
  • Available to Erasmus Students: Yes

Short Description

This course comprises of differentiation, integration, unconstrained and constrained optimisation, and probabilities. The topics covered are those essential for the study of economics, along with examples of how to apply the mathematical techniques to analyse economic problems. Students will appreciate the value of these skills outside this particular course when analysing various economic issues.

Timetable

■ One x 1-hour interactive lecture per week x 10 weeks

■ One x 1-hour tutorial per week x 9 weeks

Tutorials are held at various times and can be selected on MyCampus.

Requirements of Entry

Students should have completed ECON1001 Economics 1B or have studied Maths to Higher/A-level or equivalent (typically 5-6 years of secondary education)'.

Excluded Courses

■ MATHS1015 Mathematics 1c: Introduction to Calculus 

■ MATHS1016 Mathematics 1g: Introduction to Algebra, Geometry & Networks

■ MATHS1017 Mathematics 1 

■ MATHS1018 Mathematics 1 (Half Course)

Co-requisites

None

Assessment

ILO

Assessment

Weighting

Word length/duration

Main Assessment In: December

Course Aims

The course aims to: 

■ Provide a basic level of mathematics essential for the study of economics.

■ Develop computational skills and technical knowledge required for application to economic problems.

■ Develop skills on basic calculus, unconstrained and constrained optimisation, and probabilities.

Intended Learning Outcomes of Course

By the end of this course students will be able to:

1. Use basic mathematical skills to understand and analyse economic principles and models.

2. Solve mathematical problems involving partial derivatives, implicit differentiation, integration, unconstrained/ constrained optimisation, and probabilities.

3. Apply the appropriate mathematical techniques to solve and analyse economic problems.

4. Explain the economic intuition of the outcome of mathematical solutions.

Minimum Requirement for Award of Credits

Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.