Dynamic Modelling for Economists - ECO00012I
- Department: Economics and Related Studies
- Credit value: 10 credits
- Credit level: I
- Academic year of delivery: 2022-23
Module summary
The purpose of this module is to illustrate the techniques available for analysing economic processes which evolve through time.
Related modules
There are no formal module pre-requisites but students are expected to have studied the theory of integration prior to taking this module.
Module will run
| Occurrence | Teaching period |
|---|---|
| A | Autumn Term 2022-23 |
Module aims
- To learn how to solve ordinary differential equations
- To apply these techniques to solve problems in economics contexts
Module learning outcomes
On completing the module a student will be able to:
- Solve differential equations
- Analyse economic processes that evolve through time via differential equations
Module content
"We study mathematical approaches (i.e., differential equations in this module). We closely follow the textbook listed below."
Indicative assessment
| Task | % of module mark |
|---|---|
| Closed/in-person Exam (Centrally scheduled) | 100 |
Special assessment rules
None
Indicative reassessment
| Task | % of module mark |
|---|---|
| Closed/in-person Exam (Centrally scheduled) | 100 |
Module feedback
In advance of each seminar, you are expected to solve the seminar questions. You are required to submit one assignment, which will be marked and returned to you.
Indicative reading
- Sydsater, K., Hammond, P., Seierstad, A. and Stron, A. (2008). Further Mathematics for Economic Analysis. 2nd ed. Prentice Hall.