PSEMaths

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Paris School of Economics

APE Master – M1

Mathematical Prerequisites

1. To succeed on the APE Master programme you need to prove that you can work to a high
standard and have excellent analytical ability; all core economics and econometrics courses
assume a deep prior knowledge of calculus techniques, matrix algebra, constrained
optimisation, and basic statistics. As a consequence, you should have a solid quantitative
background prior to joining the M1.

The minimum entry requirements correspond to the following textbooks:

(i) Calculus techniques: Essential mathematics for economic analysis, by K.


Sydsaeter and P. Hammond, Financial Times / Prentice Hall, 2008 (3rd edition) or
2005 (2nd edition);
(ii) Optimisation: Optimization in Economic Theory, by A. Dixit, Oxford University
Press, 1990;
(iii) Statistics: Introductory Statistics, by T. Wonnacott and R. Wonnacott, Wiley, 1990
(5th edition).

It will be assumed in all classes that you have already covered the material developed in
these textbooks. In order to evaluate yourself, you are strongly advised to try doing the
exercises in (i) whose solutions are given at the end of the book. You should also try solving
the examples in (ii) and (iii).

2. It should be noted that the core M1 course “Mathematics and Statistics for Economic
Analysis” is not intended for fixing your knowledge of basic mathematics and statistics. It is
taught at the level of:

Further Mathematics for Economic Analysis, by K. Sydsaeter, P. Hammond, A. Seierstad and


A. Strom, Financial Times Prentice Hall, 2008 (2nd edition) or 2005 (1st edition).

The course will deal with analysis in metric spaces, differential calculus, comparative statics,
convexity, static optimization, dynamical systems, dynamic optimization, probability and
statistics, and OLS. Special emphasis will be placed on applications.

Given the aims of this course, all students are strongly advised to prepare themselves for
it during the summer break.

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