Week 3-4 : Review of Matrix Algebra and its applications to Business and Economics, Review of Differentiation
First Order Linear Differential Equations: Homogenous & non-Homogenous Cases. The solution of First Order Linear Differential Equation with Constant Coefficient & Constant Term and its Verification. Domar growth model. Economic Application: Dynamics of Market Price. Solution and its Verification. First Order Differential Equation with Variable Coefficient and Variable Term.
Course Material
- Week 1-2: Mathematical vs Non-Mathematical Economics, Econometrics, Mathematical Models
- Week 3-4 : Review of Matrix Algebra and its applications to Business and Economics, Review of Differentiation
- Week 5-6 : Rules of differentiation, maxima/minima of functions
- Week 7-8: Partial/ total derivatives and their applications in business and economics
- Week 9: Mid Term Exam
- Week 10-11 : Integrals and their applications in Business and Economics
- Week 12-13: Optimization problems, Dynamic optimization
- Week 14-15: First order differential equations, Linear differential equation, Non- linear differential equation
- Week 16-17 : Mathematical programming, Linear programming, Non-Linear Programming and their application
- Week 18: Final Term Exam
- Chapters 10
- Department Economics
- Teacher
Dr. Rehmat Ullah Awan
