London School of Economics and Political Science (LSE)

Modules

76
Management Mathematics

Prerequisite - 04a Statistics 1 and 05a Mathematics 1.

Logical use of Set theory and Venn diagrams.

Index numbers.

Trigonometric functions. Imaginary numbers. (The prime requirement for both these topics is for modelling of cyclical dynamics via Difference and Differential Equations).

Difference and Differential Equations. (Only Linear First and Second Order).

Further applications of matrices: Input/Output, Networks, Markov Chains, Transition/Product Switching matrices. Further applications of calculus: Elasticities, consumers’ and producers’ surpluses.

Unconstrained optimisation with more than one variable. Constrained Optimisation, Lagrange multiplier.

Time Series Analysis. Forecasting techniques. Introduction to Econometrics.

Principles of Mathematical Modelling.

Statistical Modelling. Analysis of Multivariate models. Clustering techniques and appreciation of other models. Data reduction models.