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EE320

EE 320 Introductory Mathematical Economics

3 (3-0-6)

Prerequisites:

a) EE211, EE212 and MA216 (or MA211)

or b) EE213, EE214 and MA216 (or MA211)

(Credits will not be awarded to students who are taking or have completed EE421)

Applying mathematical concepts and tools such as functions, equations, matrices, univariate and multivariate differential calculus, constrained and unconstrained optimization and integral to explain concepts of microeconomic and macroeconomic theory and to understand the relationship between different economic variables. An emphasis will be placed on relationships between total, average, and marginal functions, the analyses of elasticity, market equilibrium, impacts of taxation, and the basic input-output model.