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EC3023: MATHEMATICAL AND STATISTICAL METHODS IN ECONOMICS (2021-2022)

Last modified: 16 Aug 2021 13:44


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 Aberdeen 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?

None.

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.

In light of Covid-19 this information is indicative and may be subject to change.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

  • 2 Seminars during University weeks 9 - 18
  • 1 Tutorial during University weeks 10 - 13, 15 - 18

More Information about Week Numbers


In light of Covid-19 and the move to blended learning delivery the assessment information advertised for second half-session courses may be subject to change. All updates for second-half session courses will be actioned in advance of the second half-session teaching starting. Please check back regularly for updates.

Summative Assessments

First Attempt

(20%) 1x Maths quiz before mid-semester

(30%) 1x Maths test mid-semester 

(20%) 1x Stats quiz after mid-semester 

(30%) 1x Stats test end of semester

Alternative Resit Arrangements for students taking course in Academic Year 2020/21

Resit: Test/Exam (100%)

Formative Assessment

There are no assessments for this course.

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
FactualRememberILO’s for this course are available in the course guide.

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