Courses Master Display 2019-2020

Course Description To PDF
Course title Mathematical Research Tools
Course code EBC4182
ECTS credits 6,5
Assessment None
Period
Period Start End Mon Tue Wed Thu Fri
1 2-9-2019 25-10-2019 X X
Level Advanced
Coordinator Hans Peters
For more information: h.peters@maastrichtuniversity.nl
Language of instruction English
Goals
This course offers basic mathematical methods for economic research. The focus is on static and dynamic optimisation and on the underlying mathematics, necessary to understand and apply these optimisation methods. These tools are relevant for all specialisations within the Economic and Finance Research (EFR) master program.
Description
Multi-variable calculus, static optimisation methods in particular Lagrange and Kuhn-Tucker,
connection with linear and non-linear programming, dynamic (discrete and non-discrete) optimisation
methods (Bellman principle, calculus of variations, optimal control, Pontryagin maximum principle),
basic elements of difference and differential equations and of dynamic systems.
Literature
Jehle, Geoffrey A. and Philip J. Reny : Advanced Microeconomic Theory (2nd edition).
Sydsaetter, K., Hammond, P., Seierstad, A. and A. Strom : Further Mathematics for Economic Analysis (Financial Times / Prentice Hall, 2008).
Prerequisites
Basic level of mathematics (e.g. Sydsaetter et.al, Mathematics for Economic Analysis).
Teaching methods (indicative; course manual is definitive) PBL / Lecture / Assignment
Assessment methods (indicative; course manual is definitive) Participation / Written Exam
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Master Business Research - No specialisation Year 2 Methodology Elective(s)
Master Business Research - Operations Research Year 1 Elective Course(s)
Master Business Research - Operations Research Year 2 Elective Course(s)
Master Economic and Financial Research - No specialisation Year 1 Compulsory Course(s)