Mathematics for Economics

Title Mathematics for Economics

Credits 3

Pre-requisites No

Core/Optional Core

Description

The module provides students a solid grounding in the key elements of pure
mathematics to students embarking on a degree in economics, finance,
management or business.

Outline

● Basic concepts of algebra, number theory and calculus.

● The study of functions and mappings, including composite and inverse

functions.

● Graphical analysis of linear functions is applied to supply and demand

problems.

● Maximisation and minimisation applications of the economic and business

model.

● Further differential calculus methods, with application to curve sketching,

and integration.

● Functions of multiple variables and applications in economics.

● Matrix and system of linear equation with application in economics

Learning Outcomes

Assessable learning outcomes:

By the end of the module it is expected that the student will be able to:
● Handle with confidence and accuracy the techniques of algebra required for
the solution of system of linear equations.

● Interpret a range of problems in economics, selecting the relevant procedure

needed for solution.

● Find solutions to economic and business questions.

● Apply the tools and techniques of calculus in single or multiple functions

into problems in economics.

Additional outcomes:

Students are expected to learn to work independently under pressure and may be
required to present their solutions orally in a small group context. They will
learn the skills to assess the essential elements of a solution and the written
explanation of problems.

Assessment Scheme (subject to changes)

Mid-term test: 25%

Homework and representation: 20%

Final examination: 55% (consisting of quizes/teamwork/activeness (20%) and a

written test (35%)

Reading Lists/Key Texts 5

Knut Sydsaeter and Peter J. Hammond, (2012) Essential Mathematics for

Economic Analysis 4th Ed., Prentice Hall.

Additional Reading:

-Geoff Renshaw (2009), Maths for Economics 2nd Edit, Oxford.

-Jeffrey M. Wooldridge (2013), Introductory econometrics :a modern approach,

Cengage Learning
Name of Lecturer: Assoc. Prof. Dr Nguyen ChanhTu (FAST-DUT)