Week 5-6 : Rules of differentiation, maxima/minima of functions
Non-linear Differential Equations: Exact, Separable Variables, Bernoulli Equation, its Solution and Verification. The Qualitative Graphic Approach. Concept of Phase Diagram, types of Time Paths and their Dynamic Stability. Economic Application Slow Growth Model.
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
