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Dynamic Modelling for Economists - ECO00034I

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  • Department: Economics and Related Studies
  • Module co-ordinator: Dr. Makoto Shimoji
  • Credit value: 20 credits
  • Credit level: I
  • Academic year of delivery: 2023-24

Module summary

To learn tools to analyse dynamic economic contexts in continuous time.

Related modules

Pre-requisite modules

Co-requisite modules

  • None

Prohibited combinations

  • None

Additional information

prerequisite: Mathematics for Economists

Students must have studied the theory of integration prior to taking this module

Module will run

Occurrence Teaching period
A Semester 1 2023-24

Module aims

  • To learn tools which are used to analyse dynamic contexts in continuous time.

  • To apply these techniques to solve problems in economics contexts

Module learning outcomes

On completing the module a student will be able to:

  • Be able to use tools for dynamic contexts in continuous time

  • Analyse economic processes that evolve through time

Module content

The module covers first-order differential equations, and higher-order differential equations, calculus of variations and control theory..

The textbook we currently use is "Further Mathematics for Economic Analysis". We may adopt a different textbook if appropriate.

Assessment

Task Length % of module mark
Closed/in-person Exam (Centrally scheduled)
Dynamic Modelling for Economists		 2 hours 80
Essay/coursework
Dynamic Modelling for Economists		 N/A 10
Essay/coursework
Dynamic Modelling for Economists		 N/A 10

Special assessment rules

None

Reassessment

Task Length % of module mark
Closed/in-person Exam (Centrally scheduled)
Dynamic Modelling for Economists		 2 hours 80

Module feedback

Feedback will be provided in line with University policy

Indicative reading

Sydsæter, K. [et al.] (2008). Further mathematics for economic analysis / Knut Sydsaeter ... [et al.]. (2nd ed.). Harlow: Financial Times Prentice Hall.


The information on this page is indicative of the module that is currently on offer. The University is constantly exploring ways to enhance and improve its degree programmes and therefore reserves the right to make variations to the content and method of delivery of modules, and to discontinue modules, if such action is reasonably considered to be necessary by the University. Where appropriate, the University will notify and consult with affected students in advance about any changes that are required in line with the University's policy on the Approval of Modifications to Existing Taught Programmes of Study.