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ECO256Social Sciences2 Unitsintermediate

Mathematics For Economist Ii

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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195h
Study Time
13
Weeks
15h
Per Week
advanced
Math Level
Course Keywords
DerivativesIntegrationOptimisationMatrixLinear Algebra

Course Overview

Everything you need to know about this course

Course Difficulty

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

Course Topics

Key areas covered in this course

1

Derivatives

2

Integration

3

Optimisation

4

Functions of Several Variables

5

Linear Algebra

6

Matrix Operations

Total Topics6 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 assignments

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 Research Analyst

Apply your skills in this growing field

Data Scientist

Apply your skills in this growing field

Quantitative Analyst

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

FinanceEconomicsStatisticsData AnalysisMarket Research

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1: Calculus

12h

Unit 1: Derivatives I

6 study hours
  • Understand the concept of derivatives
  • Learn derivative notations
  • Study the rules of differentiation

Unit 2: Derivatives II

6 study hours
  • Understand the concept of derivatives
  • Learn derivative notations
  • Study the rules of differentiation
Week
2

Module 1: Calculus

12h

Unit 3: Integration

6 study hours
  • Understand the concept of integration
  • Learn integration notations
  • Study the rules of integration

Unit 4: Economic Applications of Derivatives and Integration

6 study hours
  • Apply derivatives and integration to economic problems
  • Marginal cost and revenue analysis
  • Production function analysis
Week
3

Module 2: Optimisation

9h

Unit 1: Introduction to Optimisation

9 study hours
  • Understand the concept of optimisation
  • Learn optimisation notations
  • Study the rules of optimisation
Week
4

Module 2: Optimisation

12h

Unit 2: Functions of Several Variables

12 study hours
  • Understand the concept of functions of several variables
  • Learn functions of several variables notations
  • Study the rules of functions of several variables
Week
5

Module 2: Optimisation

12h

Unit 3: Optimisation with Constraints

12 study hours
  • Understand the concept of optimisation with constraints
  • Learn optimisation with constraints notations
  • Study the rules of optimisation with constraints
Week
6

Module 2: Optimisation

12h

Unit 4: Differentials

12 study hours
  • Understand the concept of differentials
  • Learn differentials notations
  • Study the rules of differentials
Week
7

Module 3: Linear Algebra

9h

Unit 1: Matrix

9 study hours
  • Understand the concept of matrix
  • Learn matrix notations
  • Study the rules of matrix
Week
8

Module 3: Linear Algebra

9h

Unit 2: Matrix Operations

9 study hours
  • Understand the concept of matrix operations
  • Learn matrix operations notations
  • Study the rules of matrix operations
Week
9

Module 3: Linear Algebra

9h

Unit 3: Matrix Inversion

9 study hours
  • Understand the concept of matrix inversion
  • Learn matrix inversion notations
  • Study the rules of matrix inversion
Week
10

Module 3: Linear Algebra

9h

Unit 4: Economics Applications of Matrix

9 study hours
  • Apply matrix to economic problems
  • Matrix inversion in economics
  • Cramer's rule in economics
Week
11

Module 1: Calculus

12h

Module 1: Calculus

12 study hours
  • Review all modules
  • Practice all TMAs question in Units 1 – 4 (Modules 1)
  • Revise all topics
Week
12

Module 2: Optimisation

12h

Module 2: Optimisation

12 study hours
  • Review all modules
  • Practice all TMAs question in Units 5 – 8 (Module 2)
  • Revise all topics
Week
13

Module 3: Linear Algebra

12h

Module 3: Linear Algebra

12 study hours
  • Review all modules
  • Practice all TMAs question in Units 9 – 12 (Module 3)
  • Revise all topics

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

Create concept maps linking derivatives, integrals, and economic applications

2

Practice differentiation and integration problems from Units 1-4 weekly

3

Focus on optimization techniques from Units 5-8, especially Lagrange multipliers

4

Review matrix operations and inversion methods from Units 9-12

5

Solve past exam papers to familiarize yourself with question formats and time constraints

6

Create a study schedule to allocate sufficient time for each module

7

Review all TMAs and tutor feedback to identify areas for improvement

8

Practice applying mathematical concepts to real-world economic scenarios

9

Form a study group to discuss challenging concepts and share insights

10

Prioritize understanding over memorization, focusing on the underlying principles and logic

11

Create flashcards for key formulas and definitions for quick recall

12

Practice solving problems under timed conditions to improve speed and accuracy

13

Review all examples in the textbook and study units

14

Focus on understanding the assumptions and limitations of each mathematical technique

15

Consult your tutor for clarification on any difficult concepts or topics

16

Take regular breaks during study sessions to maintain focus and prevent burnout

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