Math Course plan
Math Course plan
Credit Hours: 3
ECTS: 5
Course description
This Course introduces and discusses mathematical techniques used in economic analysis. The
Course covers topics in optimization in both static and dynamic settings. It equips students with
the ability to analyze simple economic models of constrained optimization and interpret various
mathematical parameters in an economically meaningful fashion. The Course also covers the
concept of the Kuhn–tucker theorems and introduces difference and differential equations with
their respective applications to solve the real and practical problems in the economy. Students
will also be able to analyze both linear and nonlinear dynamic economic models, to find steady
states and discuss stability properties.
The Course aims to provide an insight into the importance of mathematical methods in
economics. It aims to introduce the basic mathematical skills required by economists and show
how a range of mathematical techniques may be applied to economic modeling and analysis.
Learning Outcomes
Reading Materials
Hoy, M., J.Livernois, C.McKenna, R.Rees and T.Stengos (2006). Mathematics for
Economics, 2nd Edition , Eastern Economy Edition