Course Learning Outcomes: Mathematical Methods for Economics-II

The course hones and upgrades the mathematical skills acquired in school and paves the way for our next course Mathematical Methods for Economics-II. Collectively, the two papers provide the mathematical foundations necessary for further study of various disciplines including economics, statistics, computer science, finance and data analytics. The analytical tools introduced in this course have applications wherever optimization techniques are used in business decision-making. These tools are necessary for anyone seeking employment as an analyst in the corporate world. The course additionally makes the student more logical in making or refuting arguments.

Course Modules:

Preliminaries:

Logic and proof techniques; sets and set operations; relations; functions and their properties; number systems

Functions of one real variable:

Graphs; elementary types of functions: quadratic, polynomial, power, exponential, logarithmic; sequences and series: convergence, algebraic properties and applications; Continuous functions: characterizations, properties concerning various operations and applications; Differentiable functions: characterizations, properties concerning various operations and applications; Second and higher order derivatives: properties and applications

NOTE: The above modules give a rough idea about the topics covered in our Introductory Macroeconomics course. So, Students will be given modules as per their respective Universities’ outlines after prior discussion. dseonline