Mathematical Economics

By Sikha Ahmad, Ishteyaaq Ahmad   |   Doon University, Dehradun, Uttaranchal University, Dehradun
Learners enrolled: 2539
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

Course Status : Completed
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
Credit Points : 4
Level : Undergraduate/Postgraduate

Page Visits

Course layout

Week 1: Number Systems and Set Theory
Week 2: Economic Models
Week 3: Utility and Partial Equilibrium Market Model
Week 4: Matrix Algebra 
Week 5Market Model and National Income Model
Week 6: Input-Output Analysis
Week 7: Differentiation
Week 8: Linear Programming
Week 9: Duality in Linear Programming 
Week 10Integration and its application in Economic Theory 
Week 11: Differential Equations 
Week 12: Exact Differential Equations and Second order Differential Equations
Week 13: Difference Equations
Week 14: Applications of Difference Equations in Economics
Week 15Computational Economics

Books and references

  • 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

Instructor bio

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.

Course certificate

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) 

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