ULMS Electronic Module Catalogue |
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module. |
Title | MATHEMATICAL ECONOMICS | ||
Code | ECON113 | ||
Coordinator |
Dr Y Li Economics Yan.Li3@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2022-23 | Level 4 FHEQ | First Semester | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
Modules for which this module is a pre-requisite: |
Programme(s) (including Year of Study) to which this module is available on a required basis: |
Programme(s) (including Year of Study) to which this module is available on an optional basis: |
Teaching Schedule |
Lectures | Seminars | Tutorials | Lab Practicals | Fieldwork Placement | Other | TOTAL | |
Study Hours |
24 |
10 |
5 |
39 | |||
Timetable (if known) |
120 mins X 1 totaling 24
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120 mins X 1 totaling 10
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60 mins X 1 totaling 5
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Private Study | 111 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 4: Mid-term MCQ test (Online) Assessment Type: Written Exam Duration: 24 hour Weighting: 20% Reassessment Opportunity: No Penalty for Late Submission: Standard UoL penalty app | 24 | 20 | ||||
Assessment 5: Written Open Book Examination Assessment Type: Written Exam Duration: 2 hours Weighting: - 60% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL pe | 2 | 60 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Synchronous Assessment 1: Take home Self-Assessment Assessment Type: Written Exam Duration: 1 hour Weighting: 5% Reassessment Opportunity: No Penalty for Late Submission: NO LATE | 1 | 5 | ||||
Synchronous Assessment 2: Tutorial Question Set Assessment with Peer Marking Assessment Type: Written Exam Duration: 1 hour Weighting: 7.5% Reassessment Opportunity: No Penalty f | 1 | 7 | ||||
Synchronous Assessment 3: Tutorial Question Set Assessment with Peer Marking Assessment Type: Written Exam Duration: 1 hour Weighting: 7.5% Reassessment Opportunity: No Penalty f | 1 | 7 |
Aims |
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The aims are: - to prepare students for the more advanced Year 2 Mathematical Economics II option, which is a prerequisite for certain Year 3 modules. - to prepare students for the econometrics sequence starting in Year 2. - to develop mathematical maturity and problem solving skills. |
Learning Outcomes |
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(LO1) An understanding of key techniques of proof |
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(LO2) An understanding of comparative statics and calculus methods including integration, multivariate optimisation and constrained optimisation |
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(LO3) An ability to solve economic problems using the mathematical techniques introduced during lecture hours. |
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(S1) Problem solving skills |
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(S2) Numeracy |
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(S3) Lifelong learning skills |
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(S4) Adaptability |
Teaching and Learning Strategies |
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Teaching Method – Lecture Teaching Method: Study Self Directed Learning Hours: 111 Costs Information: This module is a pre-requisite for the following modules: Skill/Other Attribute 2: Skill/Other Attribute 3: Skill/Other Attribute 4: |
Syllabus |
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Techniques of proof Review of univariate functions, differentiation, and single-variable optimisation Introduction to Integration Functions of many variables Tools for comparative statics Multivariate optimisation Constrained optimisation |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |