Introduction to Quantitative Techniques for Economics and Business

Module Code ECNU214
Semester Spring
Prerequisite N/A
Level 19
Credit Value 20
Module Co-ordinator TBC
Assessment 40% Coursework, 60% examination

MODULE INTRODUCTION, AIMS AND OBJECTIVES

This module provides an introduction to the basic mathematics needed for a full understanding of economics and business covered in later modules. The module is designed to be of benefit both to those with little previous mathematical training and to those who are already proficient. It aims to make the concepts easier to grasp by concentrating throughout on economic and business applications.

LEARNING OUTCOMES AND SKILLS DEVELOPED

On completion of this module, students should have a knowledge and understanding of:

  •  the mathematical treatment of structuring, analysing and optimizing economic and business problems
  • linear and non-linear equations
  • the concept of a derivative and a partial derivative
  • rules for calculating derivatives
  • simple optimisation and constrained optimisation
  • the economic and business application of the mathematical techniques covered

RECOMMENDED READING LIST

The core text book for this module is:

Ian Jacques(2015) Mathematics for Economics and Business, 8th edition, Pearson.

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