Data on the course

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721338S Mathematical Economics, 6 ECTS cr 
Code 721338S  Validity 01.08.2014 -
Name Mathematical Economics  Abbreviation Mathematical E 
Scope6 ECTS cr   
TypeAdvanced Studies Discipline6311 Economics 
  Grading1 - 5, pass, fail 
Unit Oulu Business School 

Marko Korhonen 

ECTS Credits 

6 credits

Language of instruction 



Period 1 (year 1)

Learning outcomes 

Upon completion of the course, the student will be able to apply mathematical methods needed in the courses in the Economic Theory module.


The course introduces frequently used mathematical methods in the economic literature. Applicable parts from linear algebra, differential and integral calculus, mathematical optimization, and dynamic analysis are covered.

Mode of delivery 

Face-to-face teaching.

Learning activities and teaching methods 

36 hours of lectures, 12 hours of exercises, exam 3 hours, preparing for the lectures, exercises and exam 109 hours.

Target group 

First year Master’s students in Economics and Finance.

Recommended or required reading 

Chiang A.C: Fundamental Methods of Mathematical Economics, 4th edition, McGraw-Hill. New York, NY, 2005.

Assessment methods and criteria 

Written exam, exercises.


The course utilizes a numerical grading scale 1-5. In the numerical scale zero stands for a fail.

Person responsible 

Tomi Alaste

Working life cooperation 

Students learn relevant mathematics and applications to analyse various types of economic situations.

Other information 

The number of students is limited.


Current and future instruction
Functions Name Type ECTS cr Teacher Schedule
registration period has ended Mathematical Economics  Course  Saqib Amin  07.09.21 -22.10.21

Future examinations
Functions Name Type ECTS cr Teacher Schedule
Registration Mathematical Economics  Exam  Saqib Amin 
03.11.21wed 16.15-19.15
Registration Mathematical Economics, 1. Retake  Exam  Saqib Amin 
13.12.21mon 16.15-19.15