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Further maths and degree-level economics

W.H.T

I was just wondering which bits and topics of further maths is actually relevant to degree-level economics?

In my experience so far (end of first term of second year, BSc Economics at Loughborough):
- Calculus, especially partial differentiation
- Linear programming
- Occasional bits of stats, particularly in the first year

Probably a couple more things that I've forgotten. :redface:

Reply 2

danny111

To add to above,

Linear algebra, or rather matrices will be important if you do metrics.

Reply 3

Potally_Tissed

Original post by danny111

To add to above,

Linear algebra, or rather matrices will be important if you do metrics.

Good point, I'd forgotten about matrices.

Reply 4

W.H.T

whats the difference betwee linear programming and linear algebra, same?

Reply 5

YingYang

Also thread hijack, sorry OP ;P but;

Is this stuff mentioned in #2 and #3 covered in AS or A2 FM?

As I will only have AS FM and fear not having A2 FM will disadvantage me hugely.

Reply 6

little_wizard123

Original post by YingYang

Also thread hijack, sorry OP ;P but;

Is this stuff mentioned in #2 and #3 covered in AS or A2 FM?

As I will only have AS FM and fear not having A2 FM will disadvantage me hugely.

I think I did matrices in AS Further Maths. Some basic linear programming in S1. If A2 Maths isn't compulsory, they won't expect you to know it. Plus the maths can be learnt pretty easily, and doing AS FM probably means you like Maths enough to work hard enough to learn things :smile:

Original post by W.H.T

whats the difference betwee linear programming and linear algebra, same?

There is a link between them, but linear programming is more concerned with maximising and minimising. It's all good fun.

Reply 7

Potally_Tissed

Original post by YingYang

Also thread hijack, sorry OP ;P but;

Is this stuff mentioned in #2 and #3 covered in AS or A2 FM?

As I will only have AS FM and fear not having A2 FM will disadvantage me hugely.

Calculus - C3 and C4 (Maths A2), FP2 (Further Maths A2)
Partial differentiation - FP2 I think, but really not sure on that one
Linear programming - D1. Could be Maths A2, or Further Maths AS or A2
S2 module in general - Probably Further Maths A2, maybe the AS though

Reply 8

little_wizard123

Original post by Potally_Tissed

I'll add to this that it shouldn't put you off (the guy who was asking) if you haven't done these modules; the majority of Economics students at Loughborough wouldn't have done D1. Same with lots of unis.

All decent Economics courses will be fairly mathematical, and as long as you're happy to learn some new mathematics and apply it to Economics, you'll enjoy it :smile: