Mathematical Economics
Course Name:
Mathematical Economics (SM 909)
Programme:
Ph.D
Credits (L-T-P):
4
Content:
The nature of mathematical economics - Mathematical vs. non-mathematical economics - mathematical economics vs. econometrics.Elementary mathematics: Revision concepts- Matrix algebra - functions, differentiation and
integration, maximisation and minimisation, set theory. Marginal analysis, Equilibrium analysis: Static, dynamic and comparative static analysis. Optimisation and linear programming. Input-output analysis - Static and dynamic
versions. Game theory. Micro, macro applications of the models.
References:
1. Allen, R. G. D., Mathematical Analysis for Economists, ELBS, London, 1973.
2. Chiang, A. C., Fundamental Methods of Mathematical Economics, Mcgraw-Hill, New York, 1967.
3. Mckenna, C. J. and Rees, R., Economics: A Mathematical Introduction, OUP, London, 1992.
4. Basu, A. K., Ghosh, J. K., Sen, P.K. and Sinha, B.K., Perspectives in Statistical Sciences, OUP, New Delhi, 2001.
Department:
Humanities, Social Sciences and Management
