Mathematical Economics

Catalog description

As such, mathematical concepts and tools with frequent applications in economics are developed in this class. The tools to be discussed and applied include equilibrium, slopes, derivatives, unconstrained optimizations (e.g. maximizing profits), constrained optimizations (such as maximizing utility subject to a budget constraint), dynamics and optimal control theory. By the end of the class, you should be familiar with the language of mathematics and how to use it to better understand economics.