Mathematical Economics-II (ECON- 6213)

To prepare the students, not majoring in mathematics, with the essential tools of calculus to apply the concepts and the techniques in the field of economics. To satisfy the requirements of this course, students will need to acquire a thorough understanding of the mathematical concepts introduced during the semester and will need to demonstrate that they can apply the corresponding tools and ideas to unfamiliar problems. The objective is to confront the students to advanced mathematical techniques to enable them to handle economics models, interpret the results and solve complex problems.

Course Pre-requisites:

Mathematical Economics I (Econ- 505)

Course Learning Outcomes:

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

Develop analytical skills.
Possess a solid grasp of essential mathematical tools required for the further studies in economic theory.
Use and explain the underlying principles, terminology, methods, techniques and conventions used in the subject
Develop an understanding of differential and difference equations techniques used in economic theory.
Encourage students to think about applying these mathematical tools in their own research, if necessary, with suitable modifications
Solve economic problems using the mathematical methods described in the course.
Successfully use mathematics in economics and business applications.

Recommended Books :

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

2. Dowling E. T., Mathematics for Economists, Schaum's Outline Series, 3rd ed. (McGraw Hill Publishing Company, 2009).

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

Mid Term: 30 marks

Sessional: 20 marks