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Regular version of the site

# Mathematics for Economists

2021/2022
ENG
Instruction in English
3
ECTS credits
Delivered at:
Department of Mathematical Economics (Faculty of Economics)
Course type:
Elective course
When:
1 year, 4 module

### Course Syllabus

#### Abstract

This course is an important part of the undergraduate stage in education for future economists. It's also useful for graduate students who would like to gain knowledge and skills in an important part of math. It gives students skills for implementation of the mathematical knowledge and expertise to the problems of economics. Its prerequisites are both the knowledge of the single variable calculus and the foundations of linear algebra including operations on matrices and the general theory of systems of simultaneous equations. Some knowledge of vector spaces would be beneficial for a student.

#### Learning Objectives

• The objective of the course is to acquire the students’ knowledge in the field of mathematics and to make them ready to analyze simulated as well as real economic situations.

#### Expected Learning Outcomes

• Students apply Weierstrass theorem.
• Students give definition for main concepts of the set theory.

#### Course Contents

• The basics of the set theory. Functions in Rn
• Implicit Function Theorems and their applications.
• Global extrema. Constrained optimization with inequality constraints.
• Kunh-Tucker conditions. Homogeneous functions.
• Unconstrained and constrained optimization.
• Constrained optimization for n-dim space. Bordered Hessian.

#### Assessment Elements

• Final test
• Average of all quizzes

#### Interim Assessment

• 2021/2022 4th module
0.5 * Final test + 0.5 * Average of all quizzes

#### Recommended Core Bibliography

• Sydsæter, K., & Hammond, P. J. (2016). Essential Mathematics for Economic Analysis (Vol. Fifth edition). Harlow, United Kingdom: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=1419812