This is a basic course on application of mathematical techniques in economics. Students of science or engineering background would find it helpful since they have grounding in mathematics. The course will enable them to explore the subject of economics. If they want to branch out to economics or finance this course would give them training of the kind of mathematical applications used in these subjects. Students of economics and other social sciences would also benefit from this course.INTENDED AUDIENCE : Undergraduate studentsPREREQUISITES : Mathematics in the 10+2 level is prerequisite
Mathematics For Economics - I
Indian Institute of Technology Guwahati and NPTEL via Swayam
This course may be unavailable.
Overview
Syllabus
Week 1 : Preliminaries: aim of the course, real number system, logic, mathematical proof
Week 2 : Sets and set operations
Week 3 : Functions of one variable, graph of functions, types of functions
Week 4 : Differentiation, partial differentiation, differentiable functions: properties
Week 5 : Differentiation of higher order, linear approximation
Week 6 : Sequence and series, limits, convergence, exponential and logarithmic functions
Week 7 : Single variable optimization: convex and concave functions, geometric properties
Week 8 : Single variable optimization: results, applications
Week 9 : Integration: area under curves, indefinite and define integrals, integration by substitution, discontinuous functions
Week 10 : Applications of integration
Week 11 : Difference functions: discrete time, first order difference equation, applications
Week 12 : Higher order difference equations, summing up
Taught by
Prof. Debarshi Das
