EE 421 Mathematical Economics 1

3 (3-0-6)

Prerequisites: MA217 (or MA212) and having completed or currently taking EE311

The application of matrices, Jacobian determinants, derivatives, partial derivatives and optimization, with and without constraints, to explain theories in microeconomics and macroeconomics, such as the theory of consumer behavior, the theory of production, equilibrium in goods and factor markets, equilibrium of national income in product and money markets, international trade, comparative static equilibrium analysis, the input-output model, determination of maximum-minimum point and duality of linear programming.