Mathematical Economics

By Sikha Ahmad, Ishteyaaq Ahmad   |   Doon University, Dehradun, Uttaranchal University, Dehradun
Rated in Class Central’s Best Online Courses of 2019

Welcome Dear Learner! 

It is a pleasure to welcome you to the course Mathematical Economics.
This course has been designed to make the study of Economics using Mathematics simple and easy to understand. 
  • Apart from Economics, this course will be beneficial to solve problems in Engineering, Architecture, Medicine, Finance, Management, Policy-making and Analytics.
  • A historical background and widespread applications of the concepts and topics makes it interesting and exciting. 
  • It uses real-life examples and recent researches and news on the world economy.  
  • The MCQ’s (Multiple Choice Questions) will help you grade yourself 
  • In the reference section, several web links and links of YouTube channels have been shared to keep you amazed and motivated throughout. 
  • Videos are supported by animations, graphics and pictures so that the concepts of every topic covered becomes clear and easy to remember.
Objectives of the Course: 
  • Do you want to learn how to take quick and wise decisions? 
  • Do you want to learn the art of scientific thinking, logical thinking and critical thinking so that you can use them in your daily economic activities?
  • Do you want to save your time, money and energy?
If you want to find an answer to all the above questions and if you wish to make your life simple, easy and interesting to live, this course is just for you! 

Outcomes of the Course:
After completing this course, you will have learnt:
  • How to build models by expressing words in symbols, numbers and equations
  • New techniques to solve complex problems
  • To measure the effect of change and discover techniques to improve your decision-making process
  • Economic dynamics and solve problems through adjustments with time.
  • A new dimension of scientific, logical and critical thinking, that will assist your mind to solve personal, professional and social problems and guide you to take wise decisions
  • Elementary knowledge of Economics
  • Elementary knowledge of Mathematics
Sikha Ahmad, Doon University, Dehradun
Ishteyaaq Ahmad, Uttaranchal University, Dehradun

Teaching Assistant: Jagriti Jaiswal, Doon University

Guest Speakers:
Prof. (Retd.) Srinath Baruah, Gauhati University, Guwahati
Prof. (Retd.) P. K. Chaubey, IIPA, New Delhi

Learners enrolled: 2328


Course Status : Upcoming
Course Type : Core
Duration : 15 weeks
Start Date : 19 Jul 2020
End Date : 14 Dec 2020
Exam Date :
Enrollment Ends : 14 Oct 2020
Category :
  • Humanities and Social Sciences
  • Level : Undergraduate/Postgraduate


    Week 1
    Module 1: Number Systems and Set Theory
    Module 2: Functions
    Module 3: Problems and Solutions

    Week 2
    Module 4: Model- An Introduction
    Module 5: Economic Models
    Module 6: Problems and Solutions

    Week 3
    Module 7: Concept of Utility
    Module 8: Partial Equilibrium Market Model
    Module 9: Problems and Solutions

    Week 4
    Module 10: Matrix- An Introduction
    Module 11: Matrix Algebra and Linear Models
    Module 12: Concepts in Matrix Algebra and Matrix Methods
    Module 13: Problems and Solutions

    Week 5
    Module 14: Matrix and Market Model
    Module 15: Matrix and National Income Model
    Module 16: Problems and Solutions

    Week 6
    Module 17: Input-Output Analysis-An Introduction
    Module 18: Open and Closed Input-Output Model
    Module 19: Problems and Solutions

    Week 7
    Module 20: Differentiation-An Introduction
    Module 21: Optimization: Maxima and Minima
    Module 22: Problems and Solutions

    Week 8
    Module 23: Linear Programming- An Introduction
    Module 24: Solution to LP-Graphical Method
    Module 25: Dual and its interpretation
    Module 26: Problems and Solutions

    Week 9
    Module 27: Integration- An Introduction
    Module 28: Applications to Economic Theory

    Week 10
    Module 29: Differential Equations-An Introduction
    Module 30: First Order Linear Differential Equations

    Week 11
    Module 31: Exact Differential Equations

    Week 12
    Module 32: Applications of Differential Equations in Economics
    Module 33: Problems and Solutions

    Week 13
    Module 34: Difference Equations- An Introduction
    Module 35: First Order Difference Equations
    Module 36: Second Order Difference Equations

    Week 14
    Module 37: Applications of Difference Equations in Economics
    Module 38: Problems and Solutions

    Week 15
    Module 39: Computational Economics-An Introduction
    Module 40: Computational Solution Tools


    • Chiang, Alpha C. (1984). Fundamental Method of Mathematical Economics, Third Edition, McGraw Hill
    • Rosser, Mike. (2003). Basic Mathematics for Economists, Second Edition, Routledge, Taylor & Francis Group
    • Handerson, Quandt. (1980). Microeconomic Theory, A Mathematical Approach, Third Edition, McGraw Hill


    Sikha Ahmad

    Doon University, Dehradun
    Sikha Ahmad is an academician in Department of Economics, School of Social Sciences, Doon University, Dehradun. She is a Gold medalist in Economics from Gauhati University. She specializes in Mathematical Economics and Econometrics. Her research interests includes  Behavioural Economics, Neuroeconomics, Econophysics and Tourism. 

    She has worked for a DST (Department of Science and Technology, Govt. of India) Project titled “Intelligent System for Tourism Industry”. 

    She is sincere and diligent and loves to train and guide young minds. Gifted with a curious mind, she strives for excellence at work and in research. She is a doer and a learner with positive attitude and gives importance to quality of work. She is skilled in creative thinking, decision making, problem-solving, critical thinking and self management.

    Ishteyaaq Ahmad

    Uttaranchal University, Dehradun
    Ishteyaaq Ahmad is an academician in Department of Computer Application, Uttaranchal Institute of Management, Uttaranchal University, Dehradun. He is having more than 16 years of teaching experience. His areas of interest include Online education, Social Media Technologies, Programming, Software Engineering and Artificial Intelligence.

    He has to his credit two e-Learning courses in the form of Open Educational Resources for Commonwealth of Learning (COL). He is also a recipient of Young Scientist and Professional research grant funded by Department of Science & Technology, Government of India. He is a Fellow of India School on Internet Governance (inSIG2017) organised by Internet Society. He is skilled in critical thinking, creativity, problem-solving and self-management.


    This course is free to enroll and learn but if you want a certificate you will have to submit the graded assignments and appear for an external proctored online examination. For more information about NTA SWAYAM Examination, please visit https://www.nta.ac.in/Swayamexam
    The total marks for the examination is 100 marks distributed between Internal Assessment of 30 marks and external proctored online examination of 70 marks.
    Criteria for earning a certificate/credit: 40% in internal assessment and 40% in external proctored examination separately (overall 40% is pass percentage)