This course is a continuation of Mathematics for Economists I (ECO 255). It covers derivatives, integration, economic applications of derivatives and integration, introduction to optimisation, functions of several variables, optimisation with constraints, differentials, matrix, matrix operations, matrix inversion and economic applications of matrix. The course aims to provide an in-depth understanding of mathematical applications in economics and stimulate understanding in decision-making.
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Everything you need to know about this course
Key areas covered in this course
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.
How your progress will be evaluated (3 methods)
Comprehensive evaluation of course material understanding
Comprehensive evaluation of course material understanding
Comprehensive evaluation of course material understanding
Explore the career paths this course opens up for you
Apply your skills in this growing field
Apply your skills in this growing field
Apply your skills in this growing field
Apply your skills in this growing field
Apply your skills in this growing field
Real-world sectors where you can apply your knowledge
A structured 13-week journey through the course content
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.
Expert tips to help you succeed in this course
Create concept maps linking derivatives, integrals, and economic applications
Practice differentiation and integration problems from Units 1-4 weekly
Focus on optimization techniques from Units 5-8, especially Lagrange multipliers
Review matrix operations and inversion methods from Units 9-12
Solve past exam papers to familiarize yourself with question formats and time constraints
Create a study schedule to allocate sufficient time for each module
Review all TMAs and tutor feedback to identify areas for improvement
Practice applying mathematical concepts to real-world economic scenarios
Form a study group to discuss challenging concepts and share insights
Prioritize understanding over memorization, focusing on the underlying principles and logic
Create flashcards for key formulas and definitions for quick recall
Practice solving problems under timed conditions to improve speed and accuracy
Review all examples in the textbook and study units
Focus on understanding the assumptions and limitations of each mathematical technique
Consult your tutor for clarification on any difficult concepts or topics
Take regular breaks during study sessions to maintain focus and prevent burnout
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