Economics MA(SocSci)/BAcc/BSc/MA
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.
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.