Foundations of Mathematical Economics

Catalog description

Credits 3. 3 Lecture Hours. Introduction to the mathematical methods used in modern economic analysis; develops tools for solving systems of linear equations, conducting comparative statics and optimizing economic models; covers topics in linear algebra, calculus and constrained optimization with applications to consumer and producer theory; emphasizes mathematical reasoning as a tool to formalize economic relationships, derive testable implications and build a foundation for advanced study in economics and related fields. Prerequisites: Grade of C or better in ECON 323 and ECON 410 .