EC1003 Mathematics for Economists

Academic year

2024 to 2025 Semester 1

Further information on which modules are specific to your programme.

Key module information

SCOTCAT credits

20

The Scottish Credit Accumulation and Transfer (SCOTCAT) system allows credits gained in Scotland to be transferred between institutions. The number of credits associated with a module gives an indication of the amount of learning effort required by the learner. European Credit Transfer System (ECTS) credits are half the value of SCOTCAT credits.

SCQF level

SCQF level 7

The Scottish Credit and Qualifications Framework (SCQF) provides an indication of the complexity of award qualifications and associated learning and operates on an ascending numeric scale from Levels 1-12 with SCQF Level 10 equating to a Scottish undergraduate Honours degree.

Availability restrictions

Available to First year or Second year students

Planned timetable

1.00 pm - 2.00 pm Mon, Tue, Thu

This information is given as indicative. Timetable may change at short notice depending on room availability.

Module coordinator

Dr V Prasad

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module Staff

Vivek Prasad

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module description

This is an introduction to calculus and algebra that provides the indispensable mathematical tools for modern economics. Students will learn and practice the basic techniques to write and solve equations, graphically represent functions, and manipulate vectors and matrices. The content will go over fundamental notions like sets, functions, limits, continuity, linear applications, and derivatives, but the emphasis will be on the resolution of exercises and the application of techniques for economic models.

Relationship to other modules

Co-requisites

YOU MUST ALSO TAKE EC1002 OR TAKE EC2002

Assessment pattern

2-hour Written Examination = 50%, Coursework (2 x 50 minute class tests) = 50%

Re-assessment

2-hour Written Examination = 100%

Learning and teaching methods and delivery

Weekly contact

27 hours of lectures over 11 weeks, 1-hour exercise lectures (x 10 weeks), 1-hour tutorials (x 6 weeks).

Scheduled learning hours

43

The number of compulsory student:staff contact hours over the period of the module.

Guided independent study hours

157

The number of hours that students are expected to invest in independent study over the period of the module.

Intended learning outcomes

  • Understand variables, functions and equations and their role in economic analysis
  • Implement and interpret graphical representations of functions of one variable
  • Carry out univariate and multivariate differentiation, understand and solve unconstrained and constrained optimization
  • Develop a deep understanding and familiarity with the key mathematical tools used in economic analysis