Marmara University

Department of Economics

 

ECO 322 Mathematical Economics II 

Prof. Fatma Doğruel    

Spring, 2008 

Class Meetings: Thursday 2:00-4:50 p.m.

Office hours: Wednesday 2:30-4:00 p.m.

Teaching Assistant: Seden Eken

                                  

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.

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TEXT: Sydsaeter, K. and Hammond, P. J. 2006, Essential Mathematics for Economic Analysis, 2nd edition, FT Prentice Hall, Harlow, England.

TOPICS

 

Introduction
Introductory materials: Leisurly treatment of single-variable calculus

Linear algebra and applications: Vectors and Matrices; Determinants and Matrix Inversion; Further Topics in Linear Algebra

Multivariable calculus and applications

Static optimization and applications - unconstrained case (or mathematical tools of unconstrained optimization)

Static optimization and applications - constrained case (or mathematical tools of constrained optimization

Mathematical programming: Linear programming and nonlinear programming

Introduction to dynamic analysis: Difference and Differential Equations
 

 

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.