Reading Materials:
By Alpha C. Chiang and Kevin Wainwright
McGraw-Hill, 2005
Mathematics for Economics, 2nd Edition
Michael Hoy, John Livernois, Chris McKenna, Ray Rees and Thanasis Stengos
MIT Press, 2001
INTRODUCTION
Mathematical Method
Economic Models
Linear Models and Matrix Algebra (Chiang, Chapters 4, 5)
Determinants
Comparative Statics (Chiang, Chapters 6, 7, 8)
Limits
Derivatives
Some common derivatives
Comparative Statics (General Functions)
Static Optimization (Chiang, Chapters 9, 10, 11, 12)
Polinomial Functions with One Choice Variable
Exponential and Logarithmic Functions
More Than One Choice Variable
Constrained Optimization
Linear Programming (for illustration purposes)
Example: Farm Model
*Note on late assignments
I mentioned to some students that late assignments are allowed (since we are not marking them anyway) but bear in mind that I will be posting solutions here. Consequently, the value of a late assignment is quite low knowing that you could just copy the solutions. So, a late assignment is better than nothing but still not much.
Assignment 1 Solutions (I, II, III)
Assignment 2 Solutions
Assignment 3 Solutions
Assignment 4 Solutions
Assignment 5 Solutions
Questions not in handouts:
q.7.4
q.7.6; Input-output model
q.11.6
q.12.6
q.12.7
Miscellaneous:
