Coursework Assessment
The coursework assessment takes the form. of an individual research project.
The coursework assesses LO C and D (see handbook). You are expected to demonstrate your understanding of basic methods of dynamic analysis as covered by the module. It should include optimal control problem development and solution, but simple dynamical systems analysis may also be considered.
Individual project makes 50% of the total assessment for this module.
The objective of the project is to apply what you have learned in the module to solve a problem of economics, finance, or related areas. The project should contain four parts:
1.The statement of the problem you address in economic or financial terms (20%),
2.The formulation of the problem in mathematical concepts (30%),
3.The solution of this mathematical problem (35%),
4.An economic interpretation of the solution (15%),
where the percentages in the parentheses indicate the proportion each part takes in the grading.
The grading of the project will depend on the following factors:
1. The clearness of the statement and the significance of the problem.
2. The correctness of the mathematical formulation of the problem and its solution.
3. The correctness and depth of the economic interpretation of the solution.
See the marking grid for further details.
Each student should submit a report, with no less than 2000 no more than 3000 words, through LMO by 23:59, 23d May, 2025.
Word limits are provided as a guideline only, there is no penalty for slightly (plus/minus 200 words) exceeding or falling behind the boundaries. Excessively long or excessively short papers will receive some marking penalty up to 10 points.
Late submission penalty: Late submissions will be accepted within 5 days after the deadline with 5 points penalty for each day after the submission deadline up to 50 points in total. Submissions after deadline plus 5 days will not be accepted.
Academic integrity violation: Students are encouraged to check their paper through Turnitin before submitting to avoid too much repetitions with earlier papers, but this is not compulsory. ML reserves the right to judge the academic integrity and originality of the submitted paper by himself with any method appropriate. All potential cases of plagiarism and academic integrity violation will be processed in accordance with University policy.
Backup: If for some reason submission through LMO fails, students can send their courseworks to the module leader via e-mail: [email protected]. Please use this method only in case of emergency to avoid e-mail overloads.
The typical coursework project should consist in taking a version of a dynamic economic model of those being discussed during module (or equivalent), solving it fully and analyzing the comparative dynamics with different parameters’ values. The list of exemplary models which can be used as a basis for the coursework can be found throughout the textbook examples and those discussed in lectures. Students are also encouraged to independently search the literature for prototype models. This includes economic growth models, pollution control dynamic models, resource exploitation models and others of the type discussed within the module. List of example topics will be provided in a separate file.