Tuesday, June 22, 2010

FARE Math Camp F2010

Reading Materials:
 
Fundamental Methods of Mathematical Economics 4th Ed.
By Alpha C. Chiang and Kevin Wainwright
McGraw-Hill, 2005

Mathematics for Economics, 2nd Edition
Michael Hoy, John Livernois, Chris McKenna, Ray Rees and Thanasis Stengos
MIT Press, 2001
INTRODUCTION
     Mathematical Method
     Economic Models

Linear Models and Matrix Algebra (Chiang, Chapters 4, 5)
     Matrices
     Determinants

Comparative Statics (Chiang, Chapters 6, 7, 8)
     Limits
     Derivatives
             Some common derivatives
     Comparative Statics (General Functions)

Static Optimization (Chiang, Chapters 9, 10, 11, 12)
     Polinomial Functions with One Choice Variable
     Exponential and Logarithmic Functions
     More Than One Choice Variable
     Constrained Optimization

Linear Programming (for illustration purposes)
                Example: Farm Model

*Note on late assignments
I mentioned to some students that late assignments are allowed (since we are not marking them anyway) but bear in mind that I will be posting solutions here. Consequently, the value of a late assignment is quite low knowing that you could just copy the solutions. So, a late assignment is better than nothing but still not much. 

Assignment 1 Solutions (I, II, III)
Assignment 2 Solutions 
Assignment 3 Solutions 
Assignment 4 Solutions
Assignment 5 Solutions

Questions not in handouts:
q.7.4 
q.7.6; Input-output model 
q.11.6 
q.12.6
q.12.7

Miscellaneous:

2 comments:

  1. Hi, its Brook Coatsworth - FARE Master's student as of this fall - and still living in the Netherlands. Thanks for making this blog for our Math camp. I'm not 100% sure if I'm going to be attending, still to be decided, but I will definitely host my own camp with your guidance. Will the two texts you have listed be part of our course material, or just the math camp?

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  2. I'm glad that you are planing to do some work on your own. The textbook by Alpha Chiang is by many considered a classic text and many professors still use it as a quick reference so I think having a copy would be a good investment. However, I am not sure if any specific class in the fall would require this book. It is certainly useful in microeconomics.

    I will put a more detailed outline (i.e. topics covered) so any source that covers those topics is good (There are lots of online books and tutorials that cover the same topics.)

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