Applied Mathematics
MP211: Modelling, Analysis and Simulation (5 ECTS)
This course is designed to introduce the concepts, analysis methods and economic applications of dynamical systems. A project describing different models will be presented at the end of the course.
Taught in Semester(s) 2. Examined in Semester(s) 2.
Workload: 32 hours (12 Lecture hours, 20 Lab hours).
Module Learning Outcomes.
On successful completion of this module the learner should be able to:
- Set up basic difference equations for some economic models.
- Solve some difference equations.
- Set up basic differential equations for some economic models.
- Solve some differential equations.
- Use the computer software Matlab to simulate difference and differential equations.
- Write project reports.
- Present a project in front of an audience.
Indicative Content
Module Resources
Gandolfo, G (1997). Economic Dynamics, Springer-Verlag, Berlin.
Tu, P.N.V (1992). Dynamical Systems: An Introduction to with Applications in Economics and Biology, Springer-Verlag, Berlin.
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