Dynamic Modelling for Economists - ECO00034I
- Department: Economics and Related Studies
- 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
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
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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.
Indicative assessment
| Task | % of module mark |
|---|---|
| Closed/in-person Exam (Centrally scheduled) | 80.0 |
| Essay/coursework | 10.0 |
| Essay/coursework | 10.0 |
Special assessment rules
None
Indicative reassessment
| Task | % of module mark |
|---|---|
| Closed/in-person Exam (Centrally scheduled) | 80.0 |
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.