Requirements/prerequisites: 211 is an essential prerequisite, 221 and 251 are strongly
recommended and 212 would be useful, but not essential.
This course and 412 (Measure theory and probability) are complementary
and students with an interest in finance should take both, in any
order.
Duration: Michaelmas, Hilary
Number of lectures per week: 2lectures + 1 tutorial per week.
Assessment: Problem sets will be distributed throughout the
course and students are expected to attempt them in advance of the
tutorials in which they
are discussed. Collaboration on the more difficult problems is
encouraged. The course mark will be based on the midterm
examination (15Examinations will be based to a significant extent on the problem
sets.
End-of-year Examination: 3-hour end of year exam.
Description: Mathematics course 381 is a course in mathematical economics (including a substantial component on mathematical finance) taught by Dr. C Gurdgiev (Economics Department). It is a compulsory mathematics course for Junior Sophister TSM students in mathematics and economics and may also be chosen by the following:
Sophister students in single honor mathematics
Senior Sophister TSM students in mathematics whose other subject is not economics
Objective The objective of this course is to introduce students of mathematics to a few of the countless applications of pure mathematics in modern economics. Much of the mathematics will be familiar, and the emphasis will be on applying it in economics.
Course outline
Following a brief introduction to economics, the remainder of the course will be broken down into the following topics:
Bibliography
Assigned (main) text:
Oct 9, 2001