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ES50107: Computational economics

[Page last updated: 15 October 2020]

Follow this link for further information on academic years Academic Year: 2020/1
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period:
Semester 2
Further information on unit assessment Assessment Summary: CW 100%
Further information on unit assessment Assessment Detail:
  • Coursework 1 (CW 50%)
  • Coursework 2 (CW 50%)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites:
Description: Aims:
The unit aims to introduce students to methods used to solve economic and financial problems computationally.

Learning Outcomes:
At the end of the unit students will be expected to be able to:
* Use Matlab to solve economic problems numerically
* Evaluate the benefits and shortcomings of numerical methods in a variety of contexts
* Assess the limits of computational methods to solve economic problems


* Apply numerical methods to solve for equilibria in economic systems (TFA)
* Apply numerical methods to improve the statistical assessment of data (TFA)
* Use numerical methods to price assets (TFA)


* Programming in Matlab
* Numerical methods to solve for the equilibrium of linear and non-linear economic systems
* Numerical methods to simulate asset prices and derivatives
* The use of Monte-Carlo methods to solve economic optimization problems
* Computational methods used in statistical inference.
Further information on programme availabilityProgramme availability:

ES50107 is Optional on the following programmes:

Department of Economics


  • This unit catalogue is applicable for the 2020/21 academic year only. Students continuing their studies into 2021/22 and beyond should not assume that this unit will be available in future years in the format displayed here for 2020/21.
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