Mathematical Economics

By Sikha Ahmad, Ishteyaaq Ahmad   |   Doon University, Dehradun, Uttaranchal University, Dehradun
Learners enrolled: 1410
Rated in Class Central’s Best Online Courses of 2019    Rated in Class Central’s Best Online Courses of All-Time

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.

Objectives of the course:
  • Build models by expressing words in symbols, numbers and equations
  • Explore techniques to solve complex problems
  • Measure the effect of change and discover techniques to improve your decision-making process
  • Explore Economic dynamics 

Skills you will gain:
  • Scientific Thinking
  • Logical Thinking
  • Critical Thinking
  • Analytical Thinking

  • Elementary Economics
  • Elementary Mathematics
Course Status : Ongoing
Course Type : Core
Duration : 15 weeks
Start Date : 18 Jan 2021
End Date : 30 Apr 2021
Exam Date : 09 May 2021
Enrollment Ends : 28 Feb 2021
Category :
  • Humanities and Social Sciences
Level : Undergraduate/Postgraduate

Course layout

Week 1: Number Systems, Set Theory and Functions
Week 2: Economic Models
Week 3: Utility and Partial Equilibrium Market Model
Week 4: Matrix Algebra
Week 5: Application of Matrix in Market Model and National Income Model
Week 6: Input-Output Analysis
Week 7: Differentiation
Week 8: Linear Programming
Week 9: Duality in Linear Programming
Week 10: Integration and its Applications
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 15: Computational Economics

Detailed Syllabus: Click here

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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