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Mathematics and economic modelling
Course teacher(s)
Thomas DEMUYNCK (Coordinator), Bram DE ROCK and Luca Paolo MERLINOECTS credits
5
Language(s) of instruction
english
Course content
The course covers some important theoretical results/concepts in Economics:
- Arrows impossibility theorem
- Gibbard Satterthwaite theorem
- Theorem of the alternative (and applications)
- Bargaining solutions
- NTU Matching
- TU Matching
- House allocation
- Revealed preference
- Blackwell informativeness
- Frish-Waugh-Lovell theorem
- Auction (revenue equivalence)
- Scoring rules
Objectives (and/or specific learning outcomes)
The main goal of this course are:
- Provide the student with some necessary mathematical skills while learning about important results in economic theory.
- Improve the technical/mathematical skills and to understand how proofs are structured/organized
- Make sure students understand verify and construct proofs.
Prerequisites and Corequisites
Required and Corequired knowledge and skills
The course is self contained but has a rapid pace. It is advised that students have some prior knowledge in terms of mathematics..
Teaching methods and learning activities
- Lectures
- Group work.
Course notes
- Syllabus
- Université virtuelle
Contribution to the teaching profile
Mastering the theoretical tools used in economics such that the student can use them for his/her own research. Knowledge of the essential mathematical tools used in contemporary economic research. Select and apply the theoretical tools of economics to specific problems in order to provide relevant solutions. Be able to understand and follow a proof.
The learning objectives relevant for the MATH-S400 course are:
- LO1.2: Identify and apply the relevant analytical tools and scientific knowledge to analyse an economic problem in depth
- LO2.1: Adopt a scientific approach to data collection, research and analysis and communicate results with clear, structured and sophisticated arguments
Other information
Contacts
Thomas Demuynck (thomas.demuynck@ulb.be). Office R42.6.220
Campus
Solbosch
Evaluation
Method(s) of evaluation
- written examination
- Oral presentation
- Group work
- Other
written examination
- Open question with developed answer
Oral presentation
Group work
Other
Grading consists of 2 parts:
- 50% of the grade is based on a written exam.
- 50% of the grade is based on a group work (find an interesting economic result. Present concepts/model + proof in class)
Mark calculation method (including weighting of intermediary marks)
50% (written exam); 50% group work (in class presentation)
Language(s) of evaluation
- english