Economics (ECON)
Department of Economics
Faculty of Public Affairs
ECON 1402 [0.5 credit]
Elementary Mathematics for Economics II
Calculus: including partial differentiation, definite and indefinite integrals, techniques of integration, and unconstrained optimization. Vectors and matrices: scalar multiplication, inner product, linear dependence, matrix operations, rank, invertible matrix theorem, and determinants. Economic applications such as profit maximization, comparative statics, and the Leontief input-output model. (Also listed as
MATH 1402.) This course is complementary to
ECON 2002 and
ECON 2102.
Precludes additional credit for
MATH 1009 and
MATH 1119.
Prerequisites:
ECON 1000 or
FYSM 1003 with a grade of C- or higher, and
ECON 1401 with a grade of C- or higher.
Lectures three hours a week, tutorials one hour a week.