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EC3023: MATHEMATICAL & STATISTICAL METHODS IN ECONOMICS (2017-2018)

Last modified: 16 Nov 2016 18:26


Course Overview

This two parted course aims to develop the students’ practical analytical skills and economic problem solving abilities. The first section deals with mathematics in an economic setting. It should enable the student to apply mathematical problem solving techniques to relevant economic issues. Material covered includes differentiation, unconstrained and constrained optimisation, integration and matrix algebra. The second section is dedicated to statistical methods in economics. It seeks to introduce the students to a variety of statistical concepts, relating among others to probability and distributions. It systematically develops hypotheses testing and regression analysis to enable analysis of real world data.

Course Details

Study Type Undergraduate Level 3
Session First Sub Session Credit Points 30 credits (15 ECTS credits)
Campus None. Sustained Study No
Co-ordinators
  • Dr John Skatun

Qualification Prerequisites

  • Either Programme Level 3 or Programme Level 4

What courses & programmes must have been taken before this course?

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

  • EC3001 Mathematical and Statistical Methods in Economics (Studied)

Are there a limited number of places available?

No

Course Description

This course is a course in two parts. The first section deals with the use of Mathematics in Economic Modelling, whilst the second section introduces basic Statistical concepts and regression analysis.

Degree Programmes for which this Course is Prescribed

None.

Contact Teaching Time

91 hours

This is the total time spent in lectures, tutorials and other class teaching.

Teaching Breakdown


Assessment

1st Attempt: 1 three-hour examination (80%); continuous assessment (20%) consisting of a best of two mathematical quiz marks (4%), end of mathematical section test (6%), best of two statistical quiz marks (4%) and end of statistical section test (6%).

Resit: 1 three-hour written examination (100%).

Formative Assessment

This will take place via tutorial discussions and information given in lectures.

Feedback

Written feedback on quizzes and tests. Model answers will in the mathematical section be made available on myaberdeen. Students will be encouraged to request further oral feedback when needed. Oral feedback is given on the tutorial presentation.

On a less formal basis, via verbal feedback during tutorial discussions, and after tutorial presentations.

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