Mathematics for Economists
Course schedule:
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Course information
Learning outcomes
After this course the student knows the basic mathematics needed in the analyses of economic models. The student also understands the basic principles of building mathematical models of economic phenomena.
Content
Course includes the following topics:
- linear algebra
- multivariate calculus
- optimization
- consumer and firm theory
- comparative statics
- basics of dynamic models
Teacher
Mitri Kitti
Study material
Simon, Carl P. and Blume, Lawrence: Mathematics for Economists (1994).
Workload
Lectures, Exercises, Independent work. Total 160h.
Prerequisites
Recommended prerequisites: Principles of Economics / Taloustieteen perusteet. Compulsory courses in quantitative methods.
Evaluation
Examination, exercises and class contribution.
Teaching time and location
The teaching time and the location of the course can be found at Sisu information system
- The link leads to Completion methods tab of the course page
- From the top of the page (Version drop-down menu), check that academic year 2025-2026 is selected
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From the blue bar, click Lecture and open the Groups and teaching times tab to see the teaching time and the location of the course. Exam times can be seen by clicking Exam.
The teacher has four (4) weeks to grade the exam submissions starting from the exam date.
Further information
Equivalences to other courses: Mathematics for Economists / Taloustieteen matemaattiset menetelmät (31C01100), Mathematics for Economists (ECON-C1000)
Online learning environment for the course
MyCourses online learning environment is a tool for both students and teachers for communication and managing everyday course work. You need an Aalto User ID to log in to the course's MyCourses workspace and participate in teaching.
Digital workspace of the course:
MyCourses
More details on completing the course will be available at MyCourses closer to the start of the course.
Registration and course fee
Registration for Open University courses is done via the link below:
Course registration
Registration for this course starts on 4.8.2025 at 9.00
Registration for this course ends on 25.8.2025 at 23.59
It is not possible to register before the registration period has started or after it has ended.
The number of participants is limited to 6.
This course is organized by the Aalto University School of Business.
The course fee is paid upon registration for each course at a time and it is binding. Familiarize yourself with registration and payment rules as well as other guidelines for students:
Registration, payments and rules
Activating Aalto ID and Multifactor Authentication
You can activate your Aalto User ID the day after the registration and you should activate it no later than the day before the start of the course.
Instructions for activating your Aalto user ID
Once you have activated your Aalto user ID, also enable multifactor authentication. Some of Aalto University's services require multifactor authentication.
Studying at the Open University
Do you need individual study arrangements for health reasons? How can I navigate in campus facilities? Read more about issues related to studying at the Open University. The Studying at the Open University page has gathered useful information about studying.
