Dynamic Modelling for Economists - ECO00034I

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  • Department: Economics and Related Studies
  • Credit value: 20 credits
  • Credit level: I
  • Academic year of delivery: 2023-24

Module summary

To learn tools to analyse dynamic economic contexts in continuous time.

Related modules


Additional information

prerequisite: Mathematics for Economists

Students must have studied the theory of integration prior to taking this module

Module will run

Occurrence Teaching period
A Semester 1 2023-24

Module aims

  • To learn tools which are used to analyse dynamic contexts in continuous time.

  • To apply these techniques to solve problems in economics contexts

Module learning outcomes

On completing the module a student will be able to:

  • Be able to use tools for dynamic contexts in continuous time

  • Analyse economic processes that evolve through time

Module content

The module covers first-order differential equations, and higher-order differential equations, calculus of variations and control theory..

The textbook we currently use is "Further Mathematics for Economic Analysis". We may adopt a different textbook if appropriate.

Indicative assessment

Task % of module mark
Closed/in-person Exam (Centrally scheduled) 80
Essay/coursework 10
Essay/coursework 10

Special assessment rules

None

Indicative reassessment

Task % of module mark
Closed/in-person Exam (Centrally scheduled) 80

Module feedback

Feedback will be provided in line with University policy

Indicative reading

Sydsæter, K. [et al.] (2008). Further mathematics for economic analysis / Knut Sydsaeter ... [et al.]. (2nd ed.). Harlow: Financial Times Prentice Hall.