Mathematical Economics

By Ms. Sikha Ahmad   |   Doon University, Dehradun
Learners enrolled: 1784
Rated in All Time Top Hundred

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! 

Intended audience:  
Apart from Economics, this course will be beneficial to solve problems in Engineering, Architecture, Medicine, Finance, Management, Policy-making and Analytics.

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 and 
# Elementary knowledge of Mathematics
Course Status : Completed
Course Type : Core
Duration : 15 weeks
Start Date : 15 Jul 2019
End Date : 30 Oct 2019
Exam Date : 10 Nov 2019 IST
Enrollment Ends : 11 Sep 2019
Category :
  • Humanities and Social Sciences
Credit Points : 4
Level : Postgraduate

Page Visits

Course layout

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

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

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

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

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 10:
Module 27: Integration- An Introduction 
Module 28: Applications to Economic Theory.

WEEK 11:
Module 29: Differential Equations-An Introduction 
Module 30: First Order Linear Differential Equations

WEEK 12:
Module 31: Exact Differential Equations and Second Order Differential Equations
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

Books and references

1. Chiang, Alpha C., Fundamental Methods of Mathematical Economics, McGraw Hill
2. Rosser, Mike, Basic Mathematics for Economists, Routledge, Taylor & Francis Group

Instructor bio

Sikha Ahmad is an academician in Department of Economics, School of Social Sciences, Doon University, Dehradun. She is a Gold medallist in Economics from Gauhati University. Her areas of research interest include Mathematical Economics, Econometrics, 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 in Department of Computer Applications, Uttaranchal Institute of Management, Uttaranchal University, Dehradun. He is having more than 15 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 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.
  • The external proctored exam will be held on 10th November, 2019 from 9 AM - 12 noon. It will be a Computer-based Test conducted by NTA
  • There will be three internal assignments of 10 marks each that will add to 30 marks

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