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# MATHEMATICAL ECONOMICS

• Course level: Beginner

#### Description

MATHEMATICAL  ECONOMICS

MODULE I: INTRODUCTION TO MATHEMATICAL ECONOMICS       –   (6 HOURS)

Introduction to Mathematical   Economics- Advantages and Disadvantages of Mathematical Economics – Variables- Constants – Parameters – Functions –Equations – Mathematical Model.

MODULE II: LINEAR AND NON-LINEAR EQUATIONS AND THEIR APPLICATIONS IN ECONOMICS – (12 HOURS)

Linear Functions – Two-Point Formula – Simultaneous Equations Formula – Demand Function – Supply Function – Market Equilibrium – Taxation – Subsidy – Break-even Analysis – National Income Determination  – Elasticity of Demand. Quadratic Function – Simple Market Equilibrium – Production Possibility Curves – Power Function – Pareto’s Distribution of Income- General Market Equilibrium.

MODULE III: DIFFERENTIAL AND INTEGRAL CALCULUS AND THEIR APPLICATION IN ECONOMIC ANALYSIS(12 HOURS)

Maxima and Minima – Application of Derivatives in Economics – Cost – Average and Marginal Cost Relationship – Revenue – Average and Marginal Relationship –Equilibrium of the Firm under perfect competition, monopoly, price discrimination.  Integral Calculus – Indefinite and Definite Integration – Application to Economics – Cost Analysis -Revenue Analysis

51 Lessons30h

#### MODULE I: INTRODUCTION TO MATHEMATICAL ECONOMICS?

Introduction to Mathematical   Economics- Advantages and Disadvantages of Mathematical Economics – Variables- Constants – Parameters – Functions –Equations - Mathematical Model

#### MODULE II: LINEAR AND NON-LINEAR EQUATIONS AND THEIR APPLICATIONS IN ECONOMICS?

Linear Functions - Two –Point Formula – Simultaneous Equations Formula - Demand Function – Supply Function – Market Equilibrium – Taxation – Subsidy – Break-even Analysis - National Income Determination - Elasticity of Demand. Quadratic Function - Simple Market Equilibrium - Production Possibility Curves - Power Function – Pareto’s Distribution of Income- General Market Equilibrium.

#### MODULE III: DIFFERENTIAL AND INTEGRAL CALCULUS AND THEIR APPLICATION IN ECONOMIC ANALYSIS?

Maxima and Minima – Application of Derivatives in Economics – Cost – Average and Marginal Cost Relationship – Revenue – Average and Marginal Relationship –Equilibrium of the Firm under perfect competition, monopoly, price discrimination. Integral Calculus – Indefinite and Definite Integration – Application to Economics – Cost Analysis -Revenue Analysis – National Income Analysis – Consumers Surplus – Producers Surplus.

Assistant Professor, Dept. of Economics, St Aloysius College (Autonomous), Mangaluru
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### Dr Priya S. Shetty

Assistant Professor and Head Department of Economics St Aloysius College (Autonomous) Mangaluru-575003.
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500.00

#### Target Audience

• Students, Faculty & General Public