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ECO255Social Sciences2 Unitsintermediate

Mathematics For Economist 1

This course introduces students to the mathematical tools essential for economic analysis. It covers number systems, inequalities, exponents, roots, and equations, including simultaneous and quadratic forms. Students will explore set theory, logarithms, calculus, optimization, and linear programming, applying these concepts to solve economic problems and develop analytical skills for empirical measurement and decision-making.

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156h
Study Time
13
Weeks
12h
Per Week
intermediate
Math Level
Course Keywords
MathematicsEconomicsEquationsCalculusOptimization

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
📊
Math Level
Moderate Math
📖
Learning Type
Theoretical Focus

Course Topics

Key areas covered in this course

1

Number Systems

2

Inequalities

3

Exponents and Roots

4

Systems of Equations

5

Set Theory

6

Logarithms

7

Calculus

8

Optimization

9

Linear Programming

Total Topics9 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assessments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Computer Based Test

Career Opportunities

Explore the career paths this course opens up for you

Economist

Apply your skills in this growing field

Financial Analyst

Apply your skills in this growing field

Market Researcher

Apply your skills in this growing field

Statistician

Apply your skills in this growing field

Data Analyst

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

BankingFinanceConsultingMarket ResearchGovernment

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1: Number System, Inequalities, Exponent and Roots

2h

Unit 1: Number System

2 study hours
  • •Read the introduction to number systems and their properties.
  • •Differentiate between binary, imaginary, and complex numbers.
  • •Solve problems using the number system, focusing on base conversions.
Week
2

Module 1: Number System, Inequalities, Exponent and Roots

2h

Unit 2: Inequalities

2 study hours
  • •Define inequalities and their properties.
  • •Solve inequality problems, including those involving inverse operations.
  • •Apply inequalities to angle problems and geometric contexts.
Week
3

Module 1: Number System, Inequalities, Exponent and Roots

2h

Unit 3: Exponents and Roots

2 study hours
  • •Explain exponents and roots.
  • •Solve exponent problems using the base ten system.
  • •Simplify and approximate roots, including square and cube roots.
Week
4

Module 2: Equations

2h

Unit 1: Systems of Equation

2 study hours
  • •Discuss systems of equations.
  • •Solve linear equation problems using substitution.
  • •Solve linear equation problems using addition/subtraction.
  • •Graph systems of equations solutions.
Week
5

Module 2: Equations

2h

Unit 2: Simultaneous Equation

2 study hours
  • •Explain simultaneous and quadratic equations.
  • •Differentiate between simultaneous and quadratic equations.
  • •Solve simultaneous and quadratic equation problems using elimination and substitution methods.
Week
6

Module 2: Equations

2h

Unit 3: Quadratic Equation

2 study hours
  • •Explain the concept of quadratic equations.
  • •Solve quadratic equation problems using factorization.
  • •Solve quadratic equation problems using the quadratic formula.
Week
7

Module 3: Set Theory, Logarithms & Partial Derivatives

2h

Unit 1: Set Theory

2 study hours
  • •Differentiate between intersect and union in set theory.
  • •Solve set theory problems using Venn diagrams.
  • •Understand set properties and symbols.
Week
8

Module 3: Set Theory, Logarithms & Partial Derivatives

4h

Unit 2: Logarithms

4 study hours
  • •Explain logarithms and their properties.
  • •Differentiate between exponents and logarithms.
  • •Differentiate between common and natural logarithm functions.
Week
9

Module 3: Set Theory, Logarithms & Partial Derivatives

2h

Unit 2: Logarithms

2 study hours
  • •Continue studying logarithms and their properties.
  • •Practice differentiating between exponents and logarithms.
  • •Solve problems involving common and natural logarithm functions.
Week
10

Module 3: Set Theory, Logarithms & Partial Derivatives

2h

Unit 3: Partial Derivative

2 study hours
  • •Discuss the concept of differentiation.
  • •State the difference between differentiation and integration.
  • •Solve problems involving higher order derivatives.
Week
11

Module 4: Integral Calculus, Optimization and Linear Programming

2h

Unit 1: Integral Calculus

2 study hours
  • •Discuss the concept of differentiation and integration.
  • •State the difference between differentiation and integration.
  • •Solve definite and indefinite integrals.
  • •Apply definite integrals to economic problems.
Week
12

Module 4: Integral Calculus, Optimization and Linear Programming

4h

Unit 2: Optimization

4 study hours
  • •Apply the concept of Optimization.
  • •Solve optimization problems using Lagrangian multipliers.
  • •Solve optimization problems using matrices.
Week
13

Module 4: Integral Calculus, Optimization and Linear Programming

4h

Unit 3: Linear Programming (LP)

4 study hours
  • •Apply the concept of Linear Programming.
  • •Solve linear programming problems using the simplex algorithm.
  • •Discuss the assumptions, advantages, and limitations of linear programming.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Review all units, focusing on key definitions and theorems.

2

Practice solving problems from each unit, especially those involving calculus and optimization.

3

Create concept maps linking different mathematical concepts to economic applications.

4

Allocate specific time slots for each module, ensuring comprehensive coverage.

5

Focus on understanding the underlying principles rather than rote memorization.

6

Practice past exam papers to familiarize yourself with the question format and difficulty level.

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