HS 812 : Mathematical Economics

The nature of mathematical economics ` Mathematical vs. non-mathematical economics ` mathematical economics vs. econometrics. 

Elementary mathematics: Revision concepts- Matrix algebra - functions, differentiation and integration,  maximisation and minimisation, set theory. 

Marginal analysis,  Equilibrium analysis: Static, dynamic and comparative static analysis. 

Optimisation and linear programming. 

Input-output analysis ` Static and dynamic versions. 

Game theory. 

Micro, macro applications of the models. 


Allen, R. G. D., Mathematical Analysis for Economists, ELBS, London, 1973. 

Yamane Taro., Mathematics for Economists, Prentice-Hall of India Pvt. Ltd.,  New Delhi, 1970. 

Baumol, W.J., Economic Theory and Operations Research, Prentice Hall of India Pvt. Ltd., New Delhi, 1975. 

Chiang, A. C., Fundamental Methods of Mathematical Economics, Mcgraw-Hill, New York, 1967.  

Mckenna, C. J. and Rees, R., Economics: A Mathematical Introduction, OUP, London, 1992.  

Basu, A. K., Ghosh, J. K., Sen, P.K. and Sinha, B.K., Perspectives in Statistical Sciences, OUP, New Delhi, 2001.