Economics (ECON)
Department of Economics
Faculty of Public Affairs
ECON 2400 [0.5 credit]
Mathematical Methods of Economics
Constrained optimization via Lagrange and Kuhn-Tucker conditions; implicit functions and implicit differentiation; comparative static methods applied to models such as utility maximization and least-cost production; homogeneous functions; concave and convex functions; compounding and exponential functions; economic models involving integration; differential equations.
Prerequisites:
ECON 1000 or
FYSM 1003 with a grade of C- or higher, and
ECON 1401 and
ECON 1402 (or equivalent) with an average grade of C+ or higher.
Lectures three hours a week, tutorials one hour a week.