Week 5 & 6

Week 5: Linear Models and Matrix Algebra: Theory of matrix multiplication. Laws of matrix operations. Types of matrices: Square, identity, null, idempotent, diagonal, transpose and their properties. Conditions for non singularity of a matrix.

Week 6: Determinant & its properties. Solution of linear equations through Gaussian method, Cramer's rule and Inverse of a matrix method. Properties of inverse of a matrix. Use of matrix approach in market & national income models.

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ch-4-and-5-ef-article.pdf (0.11 MB )

ch-45-ac-chiang-fundamental-methods-of-mathematical-economicspdf.pdf (1.90 MB )