MM540: Mathematical methods for economics (10 ECTS)

STADS: 13012001

Level
Bachelor course

Teaching period
The course is offered in the spring semester.

Teacher responsible
Email: btoft@imada.sdu.dk

Timetable
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Comment:
Ubegrænset deltagerantal. Udbydes til matematik-økonomi.

Prerequisites:
None

Academic preconditions:
None

Course introduction
The course provides the students with knowledge and competences within mathematical areas related to economics, including a thorough introduction to linear algebra. The course contains introductions to problem areas typical for mathematical economics, where also the history, philosophy and methodology of the subject areas will be taken into account. Mathematical methods and proof techniques as a supplement to other courses in mathematical economy will be presented. Linear algebra forms an essential part of the course.

Qualifications
The course gives competences to formulate, analyze and solve mathematical problems, in particular such that are of significance in economics.

Expected learning outcome
At the end of the course, the student will be able to:

• identify, describe and explain problem areas related to the interplay between mathematics and economics
• relate examples of mathematical-economic models to real problems (within for example linear algebra, linear programming, job assignment, game theory)
• use techniques and results from linear algebra to solve exercises about linear systems of equations, matrices, vectorspaces, linear mappings, orthogonality and eigenvalues
• use the theory of linear algebra to analyse and solve simple theoretical questions within the subject
• argue in a mathematical correct and stringent way about the steps and techniques in the solution of given problems
• apply mathematical terminology and symbols

Subject overview
The course contains a selection of topics within the following areas: Relations between mathematics and economics, mathematical logic and mathematical proof techniques, philosophy of science with respect to mathematics and economics, linear algebra, linear programming, concrete examples from the above areas.

Literature
There isn't any litterature for the course at the moment.

Website
This course uses e-learn (blackboard).

Prerequisites for participating in the exam
None

Assessment and marking:

1. Five written homeworks during the course and two project assignments in april and june. External evaluation, Danish 7-mark scale (10 ECTS). (13012002)

Time of exam: Five sets of homeworks during the course and two project assignments in april and june. Reexamination in august.

The form of examination and evaluation at the reexam may be different from the ordinary exam. This will be made public after enrollment deadline.

Expected working hours
The teaching method is based on three phase model.
Intro phase: 60 hours
Skills training phase: 30 hours, hereof:
 - Tutorials: 30 hours

Educational activities Study phase: 90 hours

Language
This course is taught in Danish or English, depending on the lecturer. However, if international students participate, the teaching language will always be English.

Course enrollment
See deadline of enrolment.

Tuition fees for single courses
See fees for single courses.