Teaching mathematical modelling in microeconomics |
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| Authors: | A Al‐Nowaihi P L Levine K H Oke |
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| Institution: | Department of Mathematical Sciences and Computing , Polytechnic of the South Bank , London, England |
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| Abstract: | Three modelling excercises from microeconomics are presented, both as examples of a methodology for teaching economics to mathematically inclined students, and as a vehicle for teaching modelling as a general skill. The first exercise, a price adjustment model for perfect competition, is given in detail within a formulation/solution/generalization/validation scheme with suggestions for an interactive teaching strategy. The results of giving the exercise to a second‐year BSc class in Mathematics and Computing are reported. Outlines of two further exercises relating to oligopoly and related models are given, and an Appendix provides a series of graduated problems for the first of these exercises. |
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| Keywords: | lecture e-learning mathematics instructional technology online learning |
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