Mathematics and Statistics for Economics

lecon2500  2022-2023  Louvain-la-Neuve

Mathematics and Statistics for Economics
5.00 credits
30.0 h
Q1
Teacher(s)
Language
English
Prerequisites
Basic background in mathematics
Main themes
For the mathematics part, the themes of matrix algebra, functions, optimization, and difference/differential equations. For the statistics part: multivariate distributions and related concepts. The two parts are linked in particular by matrix algebra.
Learning outcomes
 At the end of this learning unit, the student is able to : 1 The purpose is that students learn the most important mathematical and statistical tools needed for advanced courses in macroeconomics, microeconomics and econometrics. The course serves mostly to refresh students' knowledge in certain topics, and to ensure that all students taking the advanced courses have a common mathe-matical and statistical level.
Content
Mathematics : Matrix algebra (inverse, rank, derivatives, eigenvalues, diagonalization and factorization, quadratic forms). Met-ric and topological spaces, vector spaces. Real functions on Rn (continuity, concavity, differentiability, Taylor expansion, mean value theorem, implicit function theorem). Static optimization (constrained and uncon-strained). Difference and differential equations (steady states, stability).
Statistics: Multivariate distributions: joint, marginal and conditional distributions, (conditional) moments (variance-covariance matrices), independence in probability and linear independence. Law of iterated expectations. Transformation of random vectors. Multivariate normal distribution. Quadratic forms in normal vectors and related distributions (Student, chi-squared, Fisher)
Teaching methods
Methods: Lectures and home works
Evaluation methods
Written exam
Faculty or entity

Programmes / formations proposant cette unité d'enseignement (UE)

Title of the programme
Sigle
Credits
Prerequisites
Learning outcomes
Master [120] in Economics: Econometrics

Master [60] in Economics : General

Master [120] in Economics: General