Economics (ECON)
Department of Economics
Faculty of Public Affairs
ECON 4001 [0.5 credit]
Mathematical Analysis in Economics
Analysis and algebra: including set theory, sequences and series, quadratic forms, separation and fixed-point theorems. Static optimization: including the Weierstrass, Lagrange, and Kuhn-Tucker theorems; convexity and quasi-convexity; and the envelope theorem. Dynamic optimization: including the Maximum Principle and Bellman's equation. Applications of these tools to economic theory are presented.
Prerequisite:
ECON 2400 with a grade of C+ or higher.
Lectures three hours a week.