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Mathematics (239.524)

This course is part of the Master program in Economics (field: Methods in Economics); recommended for the first semester. The course is supplemented by an intensifying course (Intensivierungskurs, 1 h).

Methods: Lecture (prepared lecture notes), practice sessions and in-class exercises

Language: English

Aims

Students will acquire a better understanding of important mathematical methods applied in economic theory and how to use them

Content

  • Analysis
  • optimization theory
  • interest and growth rates
  • difference and differential equations
  • basic concepts of non-cooperative game theory

Grading

2 Midterm exams and final written examination. As a minimum requirement, students must pass at least one midterm exam and the final exam (attain half of the maximum number of points).

Grades are assigned according to the formula S = (M1+M2)/2 + F, where M1, M2, F denote points attained at the midterm and the final exams, respectively.

For a specific student i, to obtain a positive grade, Si ≥ Smax/2 must hold, where Si is his/her individual value of S, and Smax is the maximum attainable number of S.

Typically, the maximum number of points attainable at a single midterm exam is half the maximum number at the final exam.

Additional literature

Sydsaeter, K. and P. Hammond (2006), Essential Mathematics for Economic Analysis, 2nd ed., FT Prentice Hall.

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