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Mathematics and Statistics B

Module Code: ECU11022 (old code EC1131)

Module Name: Mathematics and Statistics B

  • ECTS Weighting: 5
  • Semester/Term Taught: Semester 2
  • Contact Hours: 22 hours of lectures and 10 hours of tutorials
  • Lecturers : Lecturers – Professor Martina Kirchberger

Learning Outcomes

Satisfactory completion of this module will contribute to the development of the following key skills:

  • Abstraction from concrete problems to generic concepts;
  • Problem solving using quantitative methods;
  • Explaining quantitative reasoning in clear, concise, and correct English.

Module Learning Aims

In mathematics, as applied to business, economics, and the social sciences, we mainly ask questions like: how can we model and analyse individuals' decisions? How do these change if the environment changes? What happens to economic output if wages change?

Module Content

  • Linear and quadratic functions;
  • Indices and logarithms;
  • Matrices;
  • Differentiation;
  • Optimisation of functions of one variable;
  • Partial differentiation;
  • Constrained and unconstrained optimisation of functions of several variables;
  • Basic integration.

Recommended Texts

Ian Jacques, Mathematics for Economics and Business, 9e, Pearson.

This textbook comes with the MyMathLab online resource that will be used throughout this module. If you do not intend on purchasing the text book you can chose to purchase MyMathLab plus etext or simply the MyMathLab online resource. Please see www.mymathlab.com/global for more details. At least one of the above must be purchased by students as all continuous assessment for the course is conducted through this online resource. More information will be given at the first lecture.

Module Pre Requisite

ECU11021

Assessment Details

  • 10% for the midterm test
  • 20% for weekly quizzes
  • 10% for homeworks
  • 60% for the annual exam

Module Website

Blackboard