The course is designed to enable the students use mathematical tools in clarifying their economic concepts and solving problems. This is because economic analysis requires extensive use of mathematics in the present day world of complexity. Mere logical reasoning and diagrammatic approach is perhaps not sufficient. This is true for positive economics in particular. As such, the students of economics have to learn and apply mathematics alongside their theoretical underpinnings.

Course Learning Outcomes:

On successful completion of this course, students will be able to:

1. Develop analytical skills
2. Use and explain the underlying principles, terminology, methods, techniques and conventions used in the subject
3. Develop an understanding of differential and difference equations techniques used in economic theory.
4. Encourage students to think about applying these mathematical tools in their own research, if necessary, with suitable modifications
5. Solve economic problems using the mathematical methods described in the course.
6. Successfully use mathematics in economics and business applications.

Recommended Books 

1.Chiang, A. C., Fundamental Methods of Mathematical Economics, 4th ed. (McGraw HillPublishing Company, 2004).

2.Dowling E. T., Introduction to Mathematical Economics, Schaum's Outline Series, 3rd ed.(McGraw Hill Publishing Company, 2009).

Suggested Books 

1. George, Alvery et al ., Essentials of Mathematics with Business Applications, 18th ed. (McGraw Hill Publishing Company, 2004).
2. Frank, Budnick ,Applied Mathematics for Business, Economics and Social Sciences,  4th ed.         (McGraw Hill Publishing Company, 2011).

Description of the System of Evaluation (Exam, assignments etc.):

Mid Term: 30 marks

Sessional: 20 marks

• Assignments: 25%
• Presentation: 25%
• Participation: 25%
• Attendance 25 %

Final Exam: 50 marks          

Class Timings:    

• For Regular Class:          Monday (9:30 AM to 11:00 AM )

                                                    Tuesday (9:30 AM to 10:00 AM)

• For Self Support Class:    Monday (1:00 PM to 2:30 PM )

                                                     Wednesday (1:00 PM to 2:30 PM)