Module Specifications.
Current Academic Year 2024 - 2025
All Module information is indicative, and this portal is an interim interface pending the full upgrade of Coursebuilder and subsequent integration to the new DCU Student Information System (DCU Key).
As such, this is a point in time view of data which will be refreshed periodically. Some fields/data may not yet be available pending the completion of the full Coursebuilder upgrade and integration project. We will post status updates as they become available. Thank you for your patience and understanding.
Date posted: September 2024
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Description This module will equip students with the knowledge and skills to carry out calculations and construct simple mathematical models relevant to economics. They will be able draw conclusions and make interpretations relating to real-world economic behaviour on the basis of these calculations and models. | |||||||||||||||||||||||||||||||||||||||||||
Learning Outcomes 1. Construct and apply mathematical models of problems in economics, business and finance using elementary mathematical functions. 2. Construct and interpret graphs of economic functions for specific classes of mathematical functions, using differential calculus when required. 3. Interpret and apply derivatives, including partial derivatives, of economic functions (marginal functions), especially in optimization problems. 4. Interpret and apply the compound interest formula to solve problems in mathematical finance. 5. Complete mathematical tasks (including in an online environment) relating to the mathematical knowledge and skills required in this module. 6. Complete mathematical tasks (including in an online environment) relating to the mathematical knowledge and skills required in this module. | |||||||||||||||||||||||||||||||||||||||||||
All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml |
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Indicative Content and Learning Activities
Linear functions in economics. Equations and inequalities; linear equations and their graphs; simultaneous linear equations; economic applications: supply and demand; national economy models. Non-linear functions in economics. Quadratic functions; revenue cost and profit;production functions; exponential growth. Derivatives and marginal functions. Slopes of lines and slopes of curves; average rate of change; methods of differentiation; marginal functions and their applications; elasticity; The time value of money. Percentage changes and scale factors. Simple interest. The compound interest formula. Continuous compounding. Net present value and yield. | |||||||||||||||||||||||||||||||||||||||||||
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Indicative Reading List
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