Rutgers University
The State University of New Jersey
Department of Economics - CCAS
Spring 2006

Class Information

Course Title : Mathematical Economics (index#70356) Economics 391/Section 01

Instructor: Dr. I-Ming Chiu

Office: ATG Hall, 328 Phone 856-225 6012

E-mail address: ichiu@camden.rutgers.edu , nashequil@hotmail.com

Class Meeting: ARMITAGE 106. 3:00-4:20 PM (Tuesday/Thursday)

Office Hours: 1:00-3:00 PM , Wednesday or by appointment

Course Description: The objective of this course is to provide students with most important mathematical tools used in modern economics. With the help of these mathematical tools, economic variables can be quantified and their relationships can be explored. After learning this class, students will be equipped with analytical ability and be able to pursue advanced studies in economics. Please refer to the last page of this syllabus for topics to be covered in this class.

Required Textbook: Alpha C. Chiang, etc. Fundamental Methods of Mathematical Economics, 4th Edition , 2005.

Recommended Text: - K. Cheung, etc. Getting Started with Maple, 2nd Edition, 2004.

Class Material: I will distribute handouts, readings, and assignments in the class.

 

Grading:
Contribution to Final Grade
Participation/Others (extra)
5%
Take-home problems
30%
Midterm (2)
40 %
Final Exam (comprehensive)
30 %


Grading Policy: Your term grade will be based on the final distribution of the three exams plus assignments then adjusted by extra credit points.

Exam Preparation: The exam questions will be based on the class lectures. The material for these questions will be mainly drawn from assigned homework problems.

Class Participation: Class attendance is essential for learning well in this class. When you miss any classes, it would cost you more time to learn the material by yourself. Please follow my three suggestions and you will find they are helpful in any of your courses taking; (1) Attend every classes and take notes (2) Review everything you learn and especially practice all the example questions shown in the class (3) Ask questions whenever you have difficulty understanding any part of my lecture.

Academic conduct: Make up exams will be given only upon prior notice . I request prior knowledge of any expected absence from an exam. If this is not feasible, you can document a valid reason for missing the exam. Unexcused absence on any exam will result in a grade of zero. Dishonesty in seeking an excused absence or in the examination process will result in a grade of zero on the exam involved and in University discipline.

Course Outline:

Chapter 1

The Nature of Mathematical Economics

Chapter 2

Economics Models

Chapter 3

Equilibrium Analysis in Economics

Chapter 4

Linear Models and Matrix Algebra

Chapter 5

Exam I

Linear Models and Matrix Algebra (Continued)

Date: TBA

Chapter 6

Comparative Statics and the Concept of Derivative

Chapter 7

Rules of Differentiation and Their Use in Comparative Statics

Chapter 8

Exam II

Comparative-Static Analysis of General-Function Model

Date: TBA

Chapter 9

Optimization: A Special Variety of Equilibrium Analysis

Chapter 10

Exponential and Logarithmic Functions

Chapter 11

The Case of More than One Choice Variable

Chapter 12
Final Exam

Optimization with Equality Constraints

Date: 2:00 - 5:00 PM , Tuesday, May/09.

 

 

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