Mathematical Methods

about this course

After a brief review of sets, functions and basic modeling, this course explores partial and general equilibrium models, matrix algebra, differentiation and optimization. The course is designed to provide you with the understanding of mathematics that you will need to study economics.

what you will learn

The general equilibrium models that we will discuss in the first part of the course are the foundation of international trade theory and macroeconomics. The matrix operations that we will discuss in the second part of the course are used extensively in econometrics.

In the third part of the course, we will discuss differentiation, which is used to calculate elasticities and multipliers. Finally, we will discuss optimization, which is the foundation of utility maximization and profit maximization problems.

links and files

course outline

maxima

textbook

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