MATHEMATICAL ECONOMICS

Course Description

This course introduces the students to the concepts in mathematical economics. The course refreshes students’ knowledge on differentiation, integration and presents applications of these concepts in economics. The applications include elasticity calculations; constrained and unconstrained optimization; welfare analysis via consumer and producer surpluses; and input-output table analysis. On successful completion of this course, all students will have developed knowledge and understanding of: Derivatives and differentiation, integration, expressing economic relations as mathematical equations, and applying accumulated theorems and techniques of mathematics in solving economic problems. The students will be able to use their improved mathematical economics skills in their further research projects.

MATHEMATICAL ECONOMICS

Evaluation Tools (Active Term)

No evaluation items have been defined.

Course outcomes

No course outcomes have been defined yet.

Course Syllabus

No weekly content has been defined yet.

Reference Books & Course Materials

No reference books have been listed.

Learning Outcomes

No learning outcomes have been defined.

Program Outcomes

1. P01 PO1: Engaged in insightful thinking leading to self-learning and lifelong learning.
2. P02 PO2: Established a general knowledge of economics sufficient to work independently through specific learned techniques generated via individual efforts and study.
3. P03 PO3: Reached the required knowledge and skills to understand social, economic and legal issues both within national, international and global contexts and apply theoretical knowledge of economics to practice.
4. P04 PO4: Adopted the ability to critically evaluate, analyze and interpret information gathered through the use of related statistical software programs to suggest creative solutions for economic problems and make relevant economic decisions.
5. P05 PO5: Been aware of gathering and analyzing data through the application of appropriate technological tools in an ethical and safe manner in order to generate economic decisions and policy suggestions.
6. P06 PO6: Been equipped with conceptual and analytical skills essential for team-working and collaborations for economic decision making for a variety of economic concepts in national and global environment.
7. P07 PO7: Endowed with both oral and written communication skills within the economic field to effectively study and work in an international environment
8. P08 PO8: Been able to transfer theoretical knowledge to real life economic environment: to generate policies for microeconomic and macroeconomic problems faced by individuals, firms and governments at national, international and global context.
9. P09 PO9: Developed an ability to apply economic analysis to everyday problems in real world through the development of ethical perspectives and social responsibilities at work and in personal life.

Po-Lo Matrix

The PO-LO matrix has not been populated yet.