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Marmara University
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Department of Economics
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ECO 321 Mathematical
Economics I
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Prof.
Fatma
Doğruel
Fall, 2008
Class
Meetings: Friday 2:00-4:50 p.m.
Office hours:
Wednesday
2:30-4:00 p.m.
COURSE OBJECTIVE
ECO 321 and ECO 322 will focus on mathematical methods
and its applications in economic theory. The methods can be classified as
static and dynamic approaches. Topics in static analysis are linear algebra,
multivariable calculus and static optimization (unconstraint and constraint
optimizations, nonlinear programming, and linear programming). Dynamic analysis
on the other hand includes difference equations and differential equations. ECO
321 covers three topics of static analysis: linear algebra, multivariable
calculus and unconstraint optimizations.
- TEXT:
Sydsaeter, K. and Hammond, P. J. 2006, Essential Mathematics for Economic
Analysis, 2nd edition, FT Prentice Hall, Harlow, England.
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- TOPICS AND
TENTATIVE PLAN
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- Introduction
- Introductory
materials: Leisurly treatment of single-variable calculus
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- Linear algebra and applications: Vectors and Matrices;
Determinants and Matrix Inversion; Further Topics in Linear Algebra
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- Multivariable calculus
and applications
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- Static
optimization and applications - unconstrained case
(or mathematical tools of unconstrained optimization)
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- Static
optimization and applications - constrained case
(or mathematical tools of constrained optimization
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- Mathematical
Programming: Linear
programming and nonlinear programming
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- Introduction
to dynamic analysis:
Difference and Differential Equations
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EXAMINATION AND
GRADING
- Grade for the course will
be determined from performance on a midterm (40%)
and a final (60%).
Final examination will cover material from the entire course.
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