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: