SO4004 - Mathematical Methods For Economists

SO4004 - Mathematical methods for Economists
1. Module Code SO4004 2. Module Title Mathematical methods for Economists

3. Module Level 4 4. Module Credit 20 CC 10 ECTS
5. Delivery Site(s) Parkgate Road Campus, KDU College (PJ)
6. Available to / Restrictions None
7. Expected Student Learning Activity and Contact Hours including Key Information Set (KIS) data
A total of 200 hours of student learning time of which there will be 48 hours of contact time across the 24
weeks of delivery managed flexibly to include a wide variety of learning, teaching and delivery methods
appropriate to the learning outcomes.
Scheduled hours Placement Hours Independent Guided study
48 0 152
8. Attendance Guidance
It is expected that all students attend all sessions, unless there are clear mitigating circumstances which indicate
otherwise. Much of the work undertaken in class is formative and contributes to the achievement of the learning
outcomes.
9. Module Content
This module represents the core undergraduate Mathematics unit, where students will receive an introduction to
basic and more advanced mathematical techniques to support learning on their Economics Programme. Part of
the module will be devoted to learning basic principles of Mathematics from scratch. The other part will
provide more advanced mathematical techniques that students will need throughout the Programme. This
module will help students gaining problem-solving skills and knowledge in various areas of Mathematics and
will support their learning in most of the core units of the Economics Programme (e.g., SO4003 Introductory
Micro and Macroeconomics, SO4002 Skills for Economics, SO5001 Intermediate Micro and Macroeconomics,
and SO5005 Introductory Econometrics).
The module content will include:
 review of basic algebra;

 indices (powers and fractional powers);
 functions;
 logarithms;
 differential calculus;
 limit evaluation;
 optimization;
 integral calculus.
10. Aims
The aims of the module are to:
 Enable students to acquire appropriate knowledge in Mathematics to support their learning in levels 4,5
and 6.
 Enable students to develop problem-solving skills.
 Enable students to apply fundamental mathematical concepts to solve real world problems in designed
scenarios.
11. Methods of Learning and Teaching and Formative Assessment
Contact time will be used creatively to enable the students to achieve the learning outcomes. The emphasis will
be on formative activities and assessments as part of the development towards summative assessments. There
will be support in place before, during and after the summative assessments. The teaching team will use
Sharepoint to support the learning process, working with LIS to ensure appropriate learning resources
are accessible on the Moodle pages. There will be support in place for students who may find some of the
mathematical concepts challenging, through online activity, workbooks, peer group working and one to one
tutorial sessions. Students are encouraged to develop independent study skills.
12. Learning Outcomes
By the end of the module, students should be able to:
1. Acquire and develop appropriate mathematical skills for moving to levels 5, 6.

2. Select and use appropriate mathematical techniques to evaluate a given economic problem.
3. Articulate and use key ideas associated with first year Microeconomics and Macroeconomics.
13. Assessment and Reassessment Components and Weighting
13a. Assessment
Component Weighting Learning outcome(s) KIS category

% assessed
Two-hours in-class test (2000 words

1 50% 2-3 Practical Exam
equivalent)
Two-hours final exam (2000 words
2 50% 1 Written Exam
equivalent)
13b. Reassessment
Reassessment will be of failed component(s) or equivalent.

14. Key References
Asano, A. (2013). An Introduction to Mathematics for Economics. United Kingdom, Cambridge: Cambridge

University Press.
Haussler, E., Paul, R. S. & Wood, R. J. (2014). Introductory Mathematical Analysis For Business
and Economics, and the Life and Social Sciences (13th ed.). United Kingdom, Essex: Pearson Education
Limited.
Jacques, I. (2013). Mathematics for Economics and Business (7th ed.). United Kingdom, Essex: Pearson
Education Limited.
Sydsaeter, K., Hammond, P., & Strom, A. (2012). Essential Mathematics for Economic Analysis (4th
ed.). United Kingdom, Essex: Pearson Education Limited.

15. Module Leader
Dr. Lory Barile

16. Module Assessment Board
Social and Political Science

17. Approved by
Social Science Board of Studies

18. Date of Approval
Wed, 21 Oct 2015

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SO4004 - Mathematical methods for Economists

1. Module Code SO4004 2. Module Title Mathematical methods for Economists

The module content will include:

 review of basic algebra;

The aims of the module are to:

11. Methods of Learning and Teaching and Formative Assessment

By the end of the module, students should be able to:

1. Acquire and develop appropriate mathematical skills for moving to levels 5, 6.

Component Weighting Learning outcome(s) KIS category

Two-hours in-class test (2000 words

Reassessment will be of failed component(s) or equivalent.

Asano, A. (2013). An Introduction to Mathematics for Economics. United Kingdom, Cambridge: Cambridge

Dr. Lory Barile

Social and Political Science

Social Science Board of Studies

Wed, 21 Oct 2015

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