Mathematics for Economics and Econometrics
Units: 1.5, Hours: 3-0
Topics in linear algebra: basic matrix algebra, solutions and existence of solutions of linear systems, determinants and their properties, linear independence, the rank of a matrix, quadratic forms, definiteness of matrices; Topics in optimization: multivariate calculus, convex sets, convex and concave functions, quasiconvex and quasiconcave functions, unconstrained and constrained optimization, the first order necessary optimality condition, the second order sufficient optimality condition, the meaning of Lagrange multiplier, applications to economics and econometrics.
Note: Credit will be granted for only one of 208, 103, 140, 240. Credit will not be granted for 208 if students have credit for both one of 200, 202, or 205 and one of 110, 133, 211, 233A.
Prerequisites: 100 or 102; and ECON 103, 104; or permission of the department.
Undergraduate course in Mathematics offered by the Department of Mathematics and Statistics in the Faculty of Science.