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Best of All-Time Online Course

Mathematical Economics

Doon University, Dehradun and UGC via Swayam

Overview


Welcome Dear Learner!

It is a pleasure to welcome you to the course Mathematical Economics.This course has been designed to make the study of Economics using Mathematics simple and easy to understand.
  • Apart from Economics, this course will be beneficial to solve problems in Engineering, Architecture, Medicine, Finance, Management, Policy-making and Analytics.
  • A historical background and widespread applications of the concepts and topics makes it interesting and exciting.
  • It uses real-life examples and recent researches and news on the world economy.
  • The MCQ’s (Multiple Choice Questions) will help you grade yourself
  • In the reference section, several web links and links of YouTube channels have been shared to keep you amazed and motivated throughout.
  • Videos are supported by animations, graphics and pictures so that the concepts of every topic covered becomes clear and easy to remember.
Objectives of the Course:
  • Do you want to learn how to take quick and wise decisions?
  • Do you want to learn the art of scientific thinking, logical thinking and critical thinking so that you can use them in your daily economic activities?
  • Do you want to save your time, money and energy?
If you want to find an answer to all the above questions and if you wish to make your life simple, easy and interesting to live, this course is just for you!

Outcomes of the Course:
After completing this course, you will have learnt:
  • How to build models by expressing words in symbols, numbers and equations
  • New techniques to solve complex problems
  • To measure the effect of change and discover techniques to improve your decision-making process
  • Economic dynamics and solve problems through adjustments with time.
  • A new dimension of scientific, logical and critical thinking, that will assist your mind to solve personal, professional and social problems and guide you to take wise decisions
Pre-requisites:
  • Elementary knowledge of Economics
  • Elementary knowledge of Mathematics
Instructors:
Sikha Ahmad, Doon University, Dehradun
Ishteyaaq Ahmad, Uttaranchal University, Dehradun

Guest Speakers:
Prof. (Retd.) Srinath Baruah, Gauhati University, Guwahati
Prof. (Retd.) P. K. Chaubey, IIPA, New Delhi

Syllabus

COURSE LAYOUT

Week 1 Module 1: Number Systems and Set TheoryModule 2: FunctionsModule 3: Problems and Solutions
Week 2 Module 4: Model- An IntroductionModule 5: Economic ModelsModule 6: Problems and Solutions
Week 3 Module 7: Concept of UtilityModule 8: Partial Equilibrium Market ModelModule 9: Problems and Solutions
Week 4 Module 10: Matrix- An IntroductionModule 11: Matrix Algebra and Linear ModelsModule 12: Concepts in Matrix Algebra and Matrix MethodsModule 13: Problems and Solutions
Week 5 Module 14: Matrix and Market ModelModule 15: Matrix and National Income ModelModule 16: Problems and Solutions
Week 6 Module 17: Input-Output Analysis-An IntroductionModule 18: Open and Closed Input-Output ModelModule 19: Problems and Solutions
Week 7 Module 20: Differentiation-An IntroductionModule 21: Optimization: Maxima and MinimaModule 22: Problems and Solutions
Week 8 Module 23: Linear Programming- An IntroductionModule 24: Solution to LP-Graphical MethodModule 25: Dual and its interpretationModule 26: Problems and Solutions
Week 9 Module 27: Integration- An IntroductionModule 28: Applications to Economic Theory
Week 10 Module 29: Differential Equations-An IntroductionModule 30: First Order Linear Differential Equations
Week 11 Module 31: Exact Differential Equations
Week 12 Module 32: Applications of Differential Equations in EconomicsModule 33: Problems and Solutions
Week 13 Module 34: Difference Equations- An IntroductionModule 35: First Order Difference EquationsModule 36: Second Order Difference Equations
Week 14 Module 37: Applications of Difference Equations in EconomicsModule 38: Problems and Solutions
Week 15 Module 39: Computational Economics-An IntroductionModule 40: Computational Solution Tools

Taught by

Ms. Sikha Ahmad and Mr. Ishteyaaq Ahmad

Reviews

4.7 rating, based on 134 reviews

Start your review of Mathematical Economics

  • Profile image for Rohan Aaron
    Rohan A.

    Rohan is taking this course right now, spending 10 hours a week on it and found the course difficulty to be medium.

    Economics and on top of that Mathematics - sounds quite difficult & demanding ! This course, however, is made in such a way which induces immense interest and curiosity in the subject of Economics and how Mathematics is used to study Economics. This...
  • Shubhangi P.

    Shubhangi is taking this course right now, spending 5 hours a week on it and found the course difficulty to be easy.

    I really liked the course.the course is very well organised and upto the mark. Along with videos on mathematical economics, I also liked the last video on how to communicate in mooc discussion forum.The coordinator and her team must have put lot of efforts and made proper planning before starting this course. I am a assistant professor in economics always wanted to learn econometrics n mathematical economics, but could not get time , the foreign course on same were difficult to understand due to their language pronouciation, but this Indian course is very very good and easy to understand.looking forward to you for a series of such courses taking us from basic to advanced learning of the subject. Shikha mam, I have become your fan.thank you.
  • Profile image for Francis Obeng
    Francis O.
    This program has actually enlightened me to understand more about Mathematics. It gives meaning to every Maths expressions or equations. I'm a Maths student but have come to appreciate Maths more because of economics. I have now understood that every...
  • Anonymous

    Anonymous is taking this course right now.

    First, I like to congratulate and appreciate the effort put on by Prof.Sikha Ahmad and her team. I have done two courses on mathematics and statistics in my UG and PG,(long back......) but since I have to reequip myself, I registered for this course,...
  • Anonymous
    Dear teachers, thank you so much for your constant attempt to make us learning mathematical economics. The course as of now has been quite helpful. You have made the concepts and theories easy to understand. It has been made so simple to understand that even a non-mathmatical background student can find easy to grasp after a little efforts. Mathmatics in economics these days are very essential, this could help us to express theories and model in concise form. We all believe that each and every student of economics need to analyse economic theory and models in mathematical form. They must also understand the theory very clearly. I believe your enthusiastic training will help everyone to achieve their goals. Thank you once again.
  • The course is really something to look upto,for its simplicity and design.Something which is not too hard hitting and heavy,easy to comprehend and engaging at the same time.

    Never thought that graduates too could learn in a fun way!It comes in small doses,to be absorbed and assimilated,one concept at a time.True wisdom is making something complex,as easy as possible,and the creators of the course have succeeded in doing so.While Maths and Economics are generally assumed(at least i do so)to be all complex stuff ,the course makes you believe you are going through a text book meant for a child,with pictures and games and lots of colors ,contrary to the black and white endless pages of equations and complex notations.
  • Anonymous
    I have taken other courses on the swayam platform last semester and currently am also taking other courses apart from ME. As a matter of sincerity, the presentation, the course content and the practicality of the course make it one of the best courses I have taken on swayam.

    Although, before the course started I anticipated a more mathematically rigorous course, because I have a background in mathematics with economics, that has not been the case.

    I really appreciate Sikha's authority over the subject matter and her presentation skills.

    It's a good course, and I will recommend for anyone who wants to have insight into mathematical economics.

    Thanks.
  • Anonymous

    Anonymous is taking this course right now.

    Course content needs some improvement. Some ungraded assignment questions are not discussed in the material provided. References need to be provided in every etext. Use of familiar concepts, terms and definitions would be more helpful. Eg in case of demand and supply curves the convention is to measure price on y axis and quantity on X axis. The reverse presentation may be confusing for undergraduate students.
  • Anonymous

    Anonymous is taking this course right now.

    The course is organized and well supplemented with e- text/notes, real life case studies, examples , videos & supplemented readings. I would say that the teachers are really working hard & has been assisting/ supporting us via whatsapp group. From very basic to very advanced , they have covered each topic relevant to Mathematical Economics. Also, the quality of videos is awesome with use of animation & visualization make it interactive & engaging.
  • Anonymous

    Anonymous completed this course.

    It was indeed a great opportunity to learn Mathematical Economics under the guidance of Istheyaaq sir and Sikha Ma'am. I am deeply grateful for them for their efforts in making this course and its contents available to the whole country. I struggled with this subject last year but now I'm more confident and more updated in this arena. I'm certainly inspired to seriously engage in this subject even further and if possible to teach its core contents to others in the future
  • Anonymous

    Anonymous is taking this course right now.

    I have gone through so many online courses but if anyone ask me to Rank one so it's definatley SWAYAM due to the following reasons:-
    a.)Serving the tough topics in such way it makes super easy to understand and remember
    b.) Attached brief videos
    c.) e-notes (Xfactor)
    d.) week sessions and discussion rooms
    e.)whats app groups removes on spot doubts and connect people
    f.) and after all its FREE ! FREE !!

    Big thanks to the whole team, for making this happen.
  • Anonymous

    Anonymous completed this course.

    As a faculty I enjoyed learning this course. The whole module is meticulously planned. Each unit has interlinks with another. Studying made so simple. Any person of any discipline can understand. Videos are awesome. Confidence building is great. All e-text are so concise and easy to understand. The final exam was a happy moment for me. Thanks to the ME team. Special thanks to Sikha mam and Ishteyaaq sir. Eagerly waiting for another course offered by this team.
  • Anonymous

    Anonymous completed this course.

    Dear Ma'am,
    I am Kala from bangalore. And I am working as a lecturer in pu college. I have joined this course by July 21st.
    Really I am enjoying my subject mam with maths combination.
    Your explanation are awesome with examples.
    I loved the demand, supply and price relationships with triangle love story. Set theory (restaurant example ).
    I can assure that whoever join this course will enjoy learning and will try to improve themselves.
    Thank you very mam
  • Anonymous

    Anonymous is taking this course right now.

    I heard about this online course from my miss. I'm very anxious about how the course to go on and how can i follow this. I think it become very difficult for me and thought may i can't complete this course. But now realised that i will complete this course through the interesting teaching provided by the faculty. I can follow the simple notes that provided. Wishing very good wishes to all of them behind this organisation and thank you for your all support.
  • Anonymous
    Mam, This course is very useful to students of economics. You have explained and designed properly. I request you to suggest mathematical techniques with example which are employed for research paper in reputed journal. How can we solve the problems of indian or world economy through mathematical techniques. Please focus on application of derivative, integration, matrix,linear programming, input output in real life. Thank you for making this course to all.
  • Anonymous
    This course is easily understandable even for one who hails from humanities background like me. Maths was once a monster for me.. after I joined this course, I can now feel a better version of myself in dealing with mathematical economics. The creative explanation of this staff made this course more interesting. The surprises show their passion for the development of skills in the students. Thank you 'Swayam' for making me meet this amazing teachers.
  • Profile image for Deepanshu Madhok
    Deepanshu M.
    This is the best course I had seen till now. I would say that I was that type of person who always get afraid when the mathematics part came but this course has changed my perspective. It not only help me in developing my analytical and critical thinking skills but also now I am able to apply mathematical concepts in my real life. Now I say I started loving mathematical part since I am able to solve questions easily.

    Thank you for a wonderful course
  • Anonymous
    This course will teach you nothing that you don't know till now but it teach you the magic of economics with the help of mathematics..

    Before joining this course I know every basic part of mathematics such as set, calculas, matrix, etc. But I don't know how to use it in real Life..

    It's make economics as a intersting subject..

    I am grateful to be a part of this course..

    And also thankful to ME team for hardwork and teaching style..

  • Anonymous

    Anonymous is taking this course right now.

    Mai is course ko iss liye select kiya kunki, yeah mujhe economics ko samajhne may help karega. Mai ME subject ko puri tarah say nahi samajhe paya. Par ME ne ek naya najariya diya ki economics ko samajhne ka. Agli baar mai iss suject ko pura karke certificate hasil kar punga yeah umied to hai. Aur aap logo ka sikhane ka tarika kafi saral tha jisse mhujh jaise logo ko kuch baate samajhe may aa saki. धन्यवाद।
  • Anonymous

    Anonymous is taking this course right now.

    Simply Excellent! The hardwork of the Team is clearly visible. Videos have been made after lot of planning so that the concepts are explained in very easy and interesting manner. Recommended for all people thinking of taking any MOOCs related to Mathematics or Economics.

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