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Introduction To Quantitative Methods in Economics

This document provides information about an Introduction to Quantitative Methods in Economics course required for several master's programs in economics at Manchester University. The course is designed to equip students with the necessary quantitative skills in mathematics and statistics needed for required economics and econometrics courses. It outlines the minimum requirements in areas like calculus, matrices, probability, and regression that students should know before starting the program. Sample textbooks and downloadable materials are provided to help students review the key concepts covered in the pre-session course.

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Venkatesha Prabu
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806 views

Introduction To Quantitative Methods in Economics

This document provides information about an Introduction to Quantitative Methods in Economics course required for several master's programs in economics at Manchester University. The course is designed to equip students with the necessary quantitative skills in mathematics and statistics needed for required economics and econometrics courses. It outlines the minimum requirements in areas like calculus, matrices, probability, and regression that students should know before starting the program. Sample textbooks and downloadable materials are provided to help students review the key concepts covered in the pre-session course.

Uploaded by

Venkatesha Prabu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Introduction to Quantitative

Methods in Economics
In common with all leading master's programmes in Economics, we require a
certain level of knowledge of mathematics (and statistics).

Find out what our minimum requirements and how this course can equip you with
the necessary further technical skills that you will need before starting your
master's programme.

Who is it for?
Introduction to Quantitative Methods in Economics 2015/16 (ECON60901) course
is compulsory for postgraduate students registering for the following programmes:

• MSc Economics
• MSc Financial Economics
• MA Economics

Test results in Introduction to Quantitative Methods in Economics will contribute


10% of the final mark in ECON60081 Mathematical Methods in Economic
Analysis.

Test results in Introduction to Quantitative Methods in Economics will contribute


10% of the final mark in ECON61001 Econometric Methods (MSc students) or
ECON60611 Introduction to Econometrics (MA students)

This course will equip you with the necessary quantitative skills so that you can
engage fully with compulsory economics and econometrics modules that you will
encounter.

We expect that students accepted on to the MSc programmes in Economics and


Econometrics and Econometrics will already have acquired the requisite technical
skills from their undergraduate programme; but further advice on this will be
available from the Programme Director.

Students accepted on to the joint MSc programmes in Economics: Development


Economics and Policy and Finance and Economics, are strongly advised to
attend this free course.
When does the course run?
It runs at the very beginning of the first semester, just before the
master's programmes begin. More details will be sent to you prior to your arrival
at Manchester, and this information will also appear on this page.

• Timetable for Introduction to Quantitative Methods in Economics 2015-


16 (Opens in a new window - Word)

Minimum requirements in mathematics


Here is an outline of what we except students to know, as a minimum, before
they start the pre-session course and the areas that the course covers. This list
will help you to plan any necessary revision.

You will find it useful to refer to Ian Jacques, Mathematics for Economics and
Business, 5th Edn. (2006), Prentice-Hall. ISBN: 10 0-273-70195-9

1. Notation and symbols including Greek letters


2. Indices, powers or exponents (See Jacques pp.141-152)
3. Linear equations (See Jacques, Chapter 1)
4. Non-linear equations and functions (See Jacques, Chapter 2)
5. Compound interest and series (See Jacques, Chapter 3)
6. Differentiation (See Jacques, Chapter 4)
7. Partial differentiation (See Jacques, Chapter 5)
8. Integration (See Jacques, Chapter 6)
9. Basic matrices (See Jacques, Chapter 7)

For a concise summary of the required knowledge of statistics see also our
dedicated Econometric Computing Learning Resource (ECLR).

Downloads for further reading


1. Mathematics download (PDF, 304KB)

• Sets, numbers and functions


• Univariate calculus and optimization
• Linear algebra
• Multivariate calculus and optimization
• Integration
2. Statistics (PDF, 301KB)

• Random variables and probability distributions


• Expectation, variance and moments
• Normal and related distributions
• Inference: estimation
• Inference: hypothesis testing
• Bivariate and multiple regression

Please read the materials from "Stats Intro" on the ECLR site along with the PDF
file on OLS. This file gives an intro to OLS and some discussion on the
ECON61001 which it is very important that you read and feel familiar with. Also
please attempt the questions there.

You can access this webpage and the downloadable materials at the following
link:

http://www.socialsciences.manchester.ac.uk/study/masters/intro-to-qm/

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