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
Year CATS Level Semester CATS Value
Session 2019-20 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

   5

       29
Timetable (if known)              
Private Study 121
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Midterm test There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When) :Semester 1 - see module handbook for de  60 minutes.    20       
Final Exam There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When) :Semester 1  120 minutes.    80       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             

Aims

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

(LO1) An understanding of key techniques of proof

(LO2) An understanding of comparative statics and calculus methods including integration, multivariate optimisation and constrained optimisation

(LO3) An ability to solve economic problems using the mathematical techniques introduced during lecture hours.

(S1) Problem solving skills

(S2) Numeracy

(S3) Lifelong learning skills

(S4) Adaptability

Teaching and Learning Strategies

Teaching Method 1 - Lecture
Description: The key theory will be introduced via weekly 2 hour lectures
Attendance Recorded: No

Teaching Method 2 - Tutorial
Description: Tutorials will practice and build on the material covered in lectures
Attendance Recorded: Yes

Syllabus
 

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
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.