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Dynamic Modelling for Economists - ECO00012I

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  • Department: Economics and Related Studies
  • Module co-ordinator: Dr. Makoto Shimoji
  • Credit value: 10 credits
  • Credit level: I
  • Academic year of delivery: 2021-22
    • See module specification for other years: 2022-23

Module summary

The purpose of this module is to illustrate the techniques available for analysing economic processes which evolve through time.

Related modules

There are no formal module pre-requisites but students are expected to have studied the theory of integration prior to taking this module.

Module will run

Occurrence Teaching period
A Autumn Term 2021-22

Module aims

  • To learn how to solve ordinary differential equations
  • To apply these techniques to solve problems in economics contexts

Module learning outcomes

On completing the module a student will be able to:

  • Solve differential equations
  • Analyse economic processes that evolve through time via differential equations

Module content

"We study mathematical approaches (i.e., differential equations in this module).  We closely follow the textbook listed below."

Assessment

Task Length % of module mark
Online Exam - 24 hrs (Centrally scheduled)
Dynamic Modelling for Economists		 8 hours 100

Special assessment rules

None

Reassessment

Task Length % of module mark
Online Exam - 24 hrs (Centrally scheduled)
Dynamic Modelling for Economists		 8 hours 100

Module feedback

In advance of each seminar, you are expected to solve the seminar questions. You are required to submit one assignment, which will be marked and returned to you.

Indicative reading

  • Sydsater, K., Hammond, P., Seierstad, A. and Stron, A. (2008). Further Mathematics for Economic Analysis. 2nd ed. Prentice Hall.


The information on this page is indicative of the module that is currently on offer. The University is constantly exploring ways to enhance and improve its degree programmes and therefore reserves the right to make variations to the content and method of delivery of modules, and to discontinue modules, if such action is reasonably considered to be necessary by the University. Where appropriate, the University will notify and consult with affected students in advance about any changes that are required in line with the University's policy on the Approval of Modifications to Existing Taught Programmes of Study.