Introductory Mathematics for Economists ECON1012

  • Academic Session: 2024-25
  • School: Adam Smith Business School
  • Credits: 10
  • Level: Level 1 (SCQF level 7)
  • Typically Offered: Semester 1
  • Available to Visiting Students: Yes
  • Collaborative Online International Learning: No

Short Description

This course comprises of differentiation, integration, unconstrained and constrained optimisation, and probabilities. The topics covered are those essential for the study of economics, along with examples of how to apply the mathematical techniques to analyse economic problems. Students will appreciate the value of these skills outside this particular course when analysing various economic issues.

Timetable

■ One 1-hour interactive lecture per week x 10 weeks

■ One 1-hour tutorial per week x 8 weeks

 

Teaching week 6 is a reading week.

Requirements of Entry

Continuing University of Glasgow students must normally have completed the course(s) and achieved the grades listed below or higher to permit enrolment in this course.

■ ECON1001: Economics 1A - grade D3 or above

■ ECON1002: Economics 2A - grade D3 or above

Direct entry students will be guided by the relevant College on entry requirements.

Excluded Courses

■ MATHS1015: Mathematics 1c: Introduction to Calculus

■ MATHS1016: Mathematics 1g: Introduction to Algebra, Geometry & Networks

■ MATHS1017: Mathematics 1

■ MATHS1018: Mathematics 1 (Half Course)

Co-requisites

None

Assessment

1 degree exam (100%)

ILO

Assessment

Weighting

Word length/duration

Main Assessment In: December

Course Aims

The course aims to: 

■ Provide a basic level of mathematics essential for the study of economics.

■ Develop computational skills and technical knowledge required for application to economic problems.

■ Develop skills on basic calculus, unconstrained and constrained optimisation, and probabilities.

Intended Learning Outcomes of Course

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

1. Use basic mathematical skills to understand and analyse economic principles and models.

2. Solve mathematical problems involving partial derivatives, implicit differentiation, integration, unconstrained/ constrained optimisation, and probabilities.

3. Apply the appropriate mathematical techniques to solve and analyse economic problems.

4. Explain the economic intuition of the outcome of mathematical solutions.

Minimum Requirement for Award of Credits

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