Overview
Welcome Dear Learner!It is a pleasure to welcome you to the course Mathematical Economics.This course has been designed to make the study of Economics using Mathematics simple and easy to understand.Apart from Economics, this course will be beneficial to solve problems in Engineering, Architecture, Medicine, Finance, Management, Policy-making and Analytics.Objectives of the course:Build models by expressing words in symbols, numbers and equationsExplore techniques to solve complex problemsMeasure the effect of change and discover techniques to improve your decision-making processExplore Economic dynamicsSkills you will gain:Scientific Thinking Logical ThinkingCritical ThinkingAnalytical ThinkingPre-requisites:Elementary EconomicsElementary Mathematics
Syllabus
Week 1:Number Systems, Set Theory andFunctionsWeek 2:Economic ModelsWeek 3:Utility andPartial Equilibrium Market ModelWeek 4:MatrixAlgebra
Week 5: Application ofMatrix in Market Model andNational Income ModelWeek 6:Input-Output Analysis
Week 7:DifferentiationWeek 8:Linear ProgrammingWeek 9: Duality in Linear ProgrammingWeek 10: Integration and its ApplicationsWeek 11:Differential Equations Week 12: ExactDifferential Equations and Second Order Differential EquationsWeek 13:Difference Equations
Week 14:Applications of Difference Equations in EconomicsWeek 15:Computational Economics