About Course
Quantitative Economics 2nd Year builds on foundational mathematical and statistical concepts to equip students with the analytical tools required to model, interpret, and solve real-world economic problems. The course focuses on the application of mathematics in economic theory, emphasizing both theoretical understanding and practical problem-solving skills.
Students are introduced to advanced mathematical techniques commonly used in economics, including matrix algebra, multivariable calculus, and differential equations. These tools are applied to key economic concepts such as optimization, equilibrium analysis, and dynamic economic systems.
A strong emphasis is placed on economic modelling, teaching students how to translate economic scenarios into mathematical form, analyze relationships between variables, and interpret results in an economic context. Topics may include constrained optimization, comparative statics, and the analysis of economic growth and stability models.
By the end of the course, students will be able to:
- Apply mathematical methods to solve intermediate-level economic problems
- Analyze and interpret economic models using quantitative techniques
- Understand dynamic systems using differential and difference equations
- Develop logical and analytical reasoning skills essential for econometrics and advanced economic analysis
This course is essential for students pursuing careers in economics, finance, data analysis, and econometrics, forming a critical bridge between theory and real-world quantitative application.
Course Content
Unit 1: Linear (Matrix) Algebra Fundamentals
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Lesson: Matrix Algebra Basic Fundamentals (Quick Revision)
15:41 -
Lesson: Matrix Multiplication Example
08:35
