ECON 561 Mathematical Economics

Topics include matrix algebra, Cramer's rule, Jacobean determinants, inverse functions, total differentials, the implicit function theorem, derivatives of general functions, relative extrema with several variables, quadratic forms, concave and convex functions, constrained maximization and bordered Hessian, quasi-concavity and quasi-convexity. Emphasis on mathematical modeling of intermediate level economic theory and comparative statics of such models. Also see Enrollment Requirements.

Credits

3

Prerequisite

ECON 241, ECON 242 and either MATH 112 or MATH 122