Intermediate mathematical methods

Mathematical analysis of economic principles usually leads to a more rigorous understanding of the theories involved. Moreover, the techniques of mathematical economics can often be employed in other areas of social and behaviour science.

This module aims to teach you how economic theory can be learnt using a rigorous and often elegant way of analysis. 

At the end of the course you should be able to formulate and analyse the principles of micro and macroeconomics, especially within the context of partial or general equilibrium models such as the model of perfect competition and the IS-IM model. 

In the first few weeks we shall be discussing economic applications of one‐variable calculus, including the principles of optimisation. We shall then move onto economic applications of multivariate calculus.

Our final topic is that of comparative statics in models of one and two variables with and without optimisation.