Mathematical Economics

By Sikha Ahmad, Ishteyaaq Ahmad | Doon University, University of Petroleum & Energy Studies (UPES), Dehradun

Learners enrolled: 124

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Rated in Class Central’s Best Online Courses of 2019

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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

Pre-requisites:

Elementary Economics
Elementary Mathematics

Summary

Course Status :	Upcoming
Course Type :	Core
Language for course content :	English
Duration :	15 weeks
Category :	Economics
Credit Points :	4
Level :	Undergraduate/Postgraduate
Start Date :	14 Jul 2025
End Date :	31 Oct 2025
Enrollment Ends :	31 Aug 2025
Exam Date :
Translation Languages :	English
NCrF Level	5.5, 6.0
Industry Details :	Analytics, Teaching

Page Visits

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 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 is an academician at the University of Petroleum & Energy Studies (UPES), Dehradun, India, with more than two decades of teaching and research experience. He specializes in Online Education, Artificial Intelligence, and Machine Learning, focusing on using technology to make learning more inclusive and effective.
He holds a Ph.D. in Computer Applications and has published extensively on educational technology and data-driven learning. Dr. Ahmad has served as a Resource Person for institutions such as NCERT, SCERT Uttarakhand, and ATI Nainital and is a recipient of the Young Scientist Research Grant from the Department of Science & Technology, Government of India.
He is the Co-Instructor and Creative Director of this MOOC on Mathematical Economics, and has also contributed to Open Educational Resources for the Commonwealth of Learning (COL), and has mentored projects under the OE4BW program

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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