Mathematical modeling of economic systems, 7.5 Credits

Required Knowledge

The course requires a minimum of 90 ECTS, including one of the following alternatives:
1.    12 ECTS mathematical statistics, a course on optimization in several variables or a course on partial differential equtions, and a basic course in computer programming
2.    75 ECTS economics including mathematical techniques, 15 ECTS statistics, and a basic course in computer programming

Examination modes

The theory module is examined by a  written exam. The lab module is examined by written lab reports and oral presentations. For the written exam, one of the following grades is assigned: Fail (U), Pass (3), Pass with merit (4) or Pass with distinction (5). For the written reports, one of the following grades is assigned: Fail (U), Pass (3), Pass with merit (4) or Pass with distinction (5). For the oral presentations, one of the following grades is assigned: Fail (U) or Pass (G). For the whole course, one of the following grades is assigned: Fail (U), Pass (3), Pass with merit (4) or Pass with distinction (5). In order to receive a passing grade on the course, all parts must be completed with a passing grade. The final grade is constituted of a joint assessement of all parts of the examination, where the modules are weighted according to their credits. A grade for the course is assigned only when all mandatory assigments have been examined.

A student who has been awarded a passing grade for the course cannot be reassessed for a higher grade. Students who do not pass a test or examination on the original date are given another date to retake the examination. A student who has sat two examinations for a course or a part of a course, without passing either examination, has the right to have another examiner appointed, provided there are no specific reasons for not doing so (Chapter 6, Section 22, HEO). The request for a new examiner is made to the Head of the Department of Mathematics and Mathematical Statistics. Examinations based on this course syllabus are guaranteed to be offered for two years after the date of the student's first registration for the course.

Examiners may decide to deviate from the modes of assessment in the course syllabus. Individual adaption of modes of assessment must give due consideration to the student's needs. The adaption of modes of assessment must remain within the framework of the intended learning outcomes in the course syllabus. Students who require an adapted examination must submit a request to the department holding the course no later than 10 days before the examination. The examiner decides on the adaption of the examination, after which the student will be notified.

Credit transfer
All students have the right to have their previous education or equivalent, and their working life experience evaluated for possible consideration in the corresponding education at Umeå university. Application forms should be addressed to Student services/Degree evaluation office. More information regarding credit transfer can be found on the student web pages of Umeå university, http://www.student.umu.se, and in the Higher Education Ordinance (chapter 6). If denied, the application can be appealed (as per the Higher Education Ordinance, chapter 12) to Överklagandenämnden för högskolan. This includes partially denied applications