This module provides the tools necessary to produce the rigorous economic analyses that form the core of both microeconomics and macroeconomics.
During the first part of the course, the attention is on the dynamic analysis of systems, which is key to understanding how economic variables change over time, especially in response to shifts in government economic policy.
The second part of the course studies constrained optimization which is central to understanding how households and firms make their consumption and production decisions when faced with limited budgets. Throughout the whole course, we focus our analysis on concrete examples and intuition, with an emphasis on how to frame economic problems using the mathematical tools you will acquire in the course.
We will require you to apply the concepts learned in class, and to translate informal problems into formal language.