Module code
Module Title
Degree/Diploma
Type of Module
BE-2203
Mathematics for Economics
Bachelor of Business (Economics)
Major Core/Breadth
Modular Credits
4
Prerequisite
Anti-requisite
Total student workload
8
hours/week
Contact hours
4
hours/week
BE-1101 Principles of Economics
SM-1201 Mathematical Methods for the Sciences;
SM-1202 Advanced Mathematical Methods for the Sciences
Aims
This module aims to equip students with basic quantitative techniques that are considered indispensable for
a proper understanding of current economics. Students are also expected to derive and understand
economic insights from solutions to mathematically formulated economic models;
Learning Outcomes:
On successful completion of this module, a student will be expected to be able to:
Lower order :
30% - understand the mathematical concepts and techniques that form the basis of
economic theory courses.
- understand basic quantitative technique and economic concepts make use of graphs
to visualize to understand concepts.
Middle order :
50% - analyse economic issues or problems using a more quantitative approach.
- apply mathematical tools to analyse economic problems.
Higher order:
20% - Make sense of the interpretation. To better analyse and interpret from data and
articles
Module Contents
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Algebra and arithmetic reviews
Basics on Equation and Graphs
Linear and Non-linear equation
Equilibrium Analysis in Economics
Exponential and Logarithmic Functions
Matrices
Single variable differentiation and optimization
Multiple variable differentiation and optimization
Constrained Optimization
Assessment
Formative assessment
Summative assessment
Weekly discussion and feedback
Examination: 50%
Coursework: 50%
- Two Mid-Term Tests
30%
- Individual Assignments
20%