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.

Advanced Mathematical Methods in Economics ECON5085

  • Academic Session: 2021-22
  • School: Adam Smith Business School
  • Credits: 20
  • Level: Level 5 (SCQF level 11)
  • Typically Offered: Either Semester 1 or Semester 2
  • Available to Visiting Students: No
  • Available to Erasmus Students: No

Short Description

The course discusses advanced mathematical methods used by researchers in contemporary Economics Analysis. It builds on the foundation laid out by Quantitative Methods course in the 1st year MRes.

Timetable

20 hours of lectures (2 hours per week, during 10 weeks)

Requirements of Entry

Completion of the 1st year MRes in Economics, or equivalent qualification as decided by the course instructor.

Excluded Courses

None

Co-requisites

None

Assessment

ILOs are assessed through a 2-hours final exam (100%).

Main Assessment In: December and April/May

Course Aims

The course aims to provide students with mathematical/quantitative skills and knowledge that consititute the foundation for techniques and instruments in both microeconomic theory and intertemporal macroeconomics (such as multivariate calculus and integration, constrained optimisation, differential equations, dynamic programming methods, functional analysis), and to demonstrate various mathematical techniques are applied to economic problems.

Intended Learning Outcomes of Course

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

1. demonstrate solid understanding of fundamental mathematical concepts and techniques employed in contemporary Economics

2. use the mathematical tools in formulating and analysing problems in economics,

3. recognize limitations of mathematical techniques

4. critically read, evaluate, and verify mathematical correctness of theorems and their proofs used in economic modelling

Minimum Requirement for Award of Credits

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