Over the years, mathematics has become an inevitable tool in every branch of economics (macro, micro and econometrics). Most research work in economics involves the use of mathematical or statistical models to simplify a real-world problem and policy recommendations are often based on the intuition from the models’ predictions. This has made a knowledge of mathematics essential for a career in economics.
This module presents a gentle introduction to the applications of mathematics in economic analysis. The aim is to equip students with the knowledge that will help them excel in the mathematics part of an interview into top Bachelor programs in economics, as well as to cope with the demands of their undergraduate coursework. The module will cover basic topics that are useful in economics and the problem sets will be based on the applications of mathematics to simple economic problems.