5.00
(3 Ratings)

MATHEMATICS FOR ECONOMICS

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MATHEMATICS FOR  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

 

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Course Content

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.

Student Ratings & Reviews

5.0
Total 3 Ratings
5
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1
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LD
7 months ago
The course is really helpful.
PF
7 months ago
It was good.
JR
2 years ago
Hello sir!
After watching 5 times the next chapter is not unlocked and it says please complete your previous chapter