Economics
| ECON3665 | Introduction to Mathematical Economics | 3 ch (3C) |
|---|---|---|
Learn how to use mathematics in economic analysis. Use techniques for constrained and unconstrained optimization, and apply them to problems of firm and consumer behavior. Learn how to interpret Lagrange multipliers as shadow prices. Apply matrix algebra to study problems of production and allocation in interdependent economies. Prerequisites: First-year microeconomics (ECON 1013 or ECON 1014) and first-year macroeconomics (ECON 1023 or ECON 1024), or ECON 1073. In addition, MATH 1843 or MATH 1823, and MATH 1833 or equivalents. | ||