LEARNING OUTCOMES
This course is an introduction to the mathematical concepts needed to read and produce economics research. The aim is to develop the basic methodological skills required to analyze and apply economic theory and econometric techniques to the problems they will study throughout the program. The key topics covered include:
- Analysis
- Constrained and Unconstrained Optimization
- Probability
Credits: 3
Schedule: 20.08.2024 - 30.08.2024
Teacher in charge (valid for whole curriculum period):
Teacher in charge (applies in this implementation): Mitri Kitti
Contact information for the course (applies in this implementation):
CEFR level (valid for whole curriculum period):
Language of instruction and studies (applies in this implementation):
Teaching language: English. Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Content
valid for whole curriculum period:
- Analysis: Implicit function theorem, convex/concave functions, fixed point theory, separating hyperplanes, envelope theorem
- Optimization: Unconstrained optimization (1st+2nd order conditions), Con-strained Optimization (Lagrange Multiplies, Karush Kuhn Tucker Conditions), Berge's Maximum Theorem
- Probability: basic concepts (moments, independence, conditional probabil-ity), law of large numbers, central limit theorem, frequentist inference
Assessment Methods and Criteria
valid for whole curriculum period:
100% Exam
Workload
valid for whole curriculum period:
- Contact Teaching 24h
- Exercise sessions: 8h
- Exam 2h
- Independent work 47h
DETAILS
Study Material
valid for whole curriculum period:
Recommended textbook is Simon and Blume (Mathematics for Economists, 1994, Norton & Company)
Substitutes for Courses
valid for whole curriculum period:
Prerequisites
valid for whole curriculum period:
SDG: Sustainable Development Goals
8 Decent Work and Economic Growth
FURTHER INFORMATION
Further Information
valid for whole curriculum period:
Teaching Language: English
Teaching Period: 2024-2025 Autumn I
2025-2026 Autumn I