Mathematics for Economists

2024/2025

Academic Year

ENG

Instruction in English

10

ECTS credits

Delivered at:

International College of Economics and Finance

Course type:

Compulsory course

When:

2 year, 1-4 module

Instructors

Esaulov, Daniil

Zhukov, Pavel

Rudenko, Viktoria

Course Syllabus

Abstract

Mathematics for Economists is a two-semester course for the second year students studying at ICEF. It is designed for all specializations at ICEF but for the “Mathematics and Economics” specialization the students of which follow a different course ‘”Mathematical Methods for Economists”. This course is an important part of the bachelor stage in education of the future economists. It has to give students skills for implementation of the mathematical knowledge and expertise to the problems of economics. Its prerequisite is the knowledge of the single variable calculus.

Learning Objectives

• Students are supposed: to acquire knowledge in the field of higher mathematics and become ready to analyze simulated as well as real economic situations;
• to develop ability to apply the knowledge of the differential and difference equations which will enable them to analyze dynamics of the processes.

Expected Learning Outcomes

• Apply IFT to microeconomic and macroeconomic problems
• Apply the notion of level curve to microeconomics
• Be able to find a limit of a function at a point
• Be able to handle derivatives
• Classify the sets in n-dimensional space
• Explain and apply gradient and related directional derivative
• Find derivatives of implicit functions

Course Contents

• Multi-dimensional calculus
• Optimization
• Differential and difference equations
• Methods of optimization

Assessment Elements

• Home assignments
• Control work 1
• Control work 2
• Exam
  In order to get a passing grade for the course, the student must sit (all parts) of the final examination»

Interim Assessment

• 2024/2025 4th module
  0.2 * Control work 1 + 0.25 * Control work 2 + 0.45 * Exam + 0.1 * Home assignments

Bibliography

Recommended Core Bibliography

• Mathematics for economists, Simon, C. P., 1994

Recommended Additional Bibliography

• Сборник задач и упражнений по математическому анализу : учеб. пособие для вузов, Демидович, Б. П., 2003

Authors

• Bukin Kirill Aleksandrovich
• RUDENKO VIKTORIYA ALEKSEEVNA