Module MA3482: Mathematical economics II

Credit weighting (ECTS)

5 credits

Semester/term taught

Hilary term 2013-14

Contact Hours

11 weeks, 3 lectures including tutorials per week

Lecturer

Prof. Agustín Bénétrix

Learning Outcomes

 

Module Content

• Linear Models and Matrix Algebra;
• Comparative Statics Analysis;
• Functions and Correspondences;
• Sets and Separating Hyperplanes;
• Approximation Theory;
• Fixed Point Theorems;
• Static Optimization;
• Non-linear programming;
• Constraint qualification;
• The Envelope Theorem and Duality.

The goal of this module is to familiarise students with some ecomonic applications of matrix algebra, calculus, set theory, approximation theory and optimization. The main focus will be on microeconomics applications. However, macroeconomics and open macroeconomics models will also be studied.

Module Prerequisite

MA3481 - Mathematical Economics I

 

Textbooks

• Harrison and Waldron (2011),Mathematics for Economics and Finance, Routledge.
• Chiang and Wainwright (2005),Fundamental Methods of Mathematical Economics, McGraw-Hill.
• Silberbeg and Suen (2001),The structure of Economics. A mathematical analysis, 3rd edition, McGraw-Hill.
• Mas-Colell, Whinston and Green (1995),Microeconomic Theory, Oxford University Press.
• Varian, H. (1991),Microeconomice Analysis, W.W. Norton & Company..

 

Assessment Detail

This module will be examined in a 2-hour examination in Trinity term. Continuous assessment will contribute 10% to the final grade for the module at the annual examination session. Supplemental exams if required will consist of 100% exam.