MAT 270 - Mathematical Methods of Economics

Institution:

Centre College

Subject:

Description:

An introduction to mathematical tools used for modeling in economics. The tools studied include multivariate calculus with special emphasis on constrained optimization, as well as matrix algebra, diffential and difference equations. Applications focus on the use of marginal analysis, comparative statics, elasticities, isoquants, and Cobb-Douglas functions. Among the models discussed are the IS-LM macroeconomic model, the Solow growth model, and Leontief input-output systems. The course includes an introduction to the computer algebra system Maple. Prerequisite: MAT 141 or 170, and ECO 220.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.centre.edu

Phone Number:

(859) 238-5200

Regional Accreditation:

Southern Association of Colleges and Schools

Calendar System:

Four-one-four plan

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