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Mathematical Methods MT1186

This course develops a student’s proficiency in working with mathematical methods, and it investigates some applications to problems in economics, management and related areas. The course also develops the student’s understanding of the theoretical concepts behind these methods.

Prerequisites / Exclusions

You must have A-level mathematics or equivalent.

This course may not be taken with:

  • MT105a Mathematics 1
  • MT105b Mathematics 2
  • MT1174 Calculus

Topics covered

  • Basics (functions)
  • Differentiation
  • One-variable optimisation
  • Integration
  • Functions of several variables
  • Multivariate optimisation
  • Matrices and linear equations
  • Differential equations
  • Difference equations

Learning outcomes

At the end of the course and having completed the essential reading and activities students should be able to:

  • use the concepts, terminology, methods and conventions covered in the unit to solve mathematical problems in this subject
  • solve unseen mathematical problems involving understanding of these concepts and application of these methods
  • explain how mathematics can be used to solve problems in economics and related subjects
  • demonstrate knowledge and understanding of the underlying mathematical principles

Assessment

Unseen written exam (3hr).

Essential reading

  • M. Anthony and N. Biggs, Mathematics for Economics and Finance, Cambridge University Press.
  • K. Binmore and J. Davies, Calculus: Concepts and Methods, Cambridge University Press.