Introduction to Mathematical Economics

Aims of the course

no description

Course syllabus

1. Introduction to problem solving and mathematical model building
2. Graphical presentation of economic functions (demand and supply, shifts in demand and supply and other diagrams)
3. Linear models
4. A linear aggregate model (consumption and investment, interest rates, government expenditure taxes foreign trade)
5. Demand and differentiation (total revenue, the responsiveness of demand, total revenue and elasticity)
6. The firm (revenue and cost, maximum profit, input requirement, changes in cost)
7. Maxima and minima (the profit-maximizing price, tax revenue)
8. Linear algebra in economics

Course director(s)