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ECON 255 Introduction to Mathematical Economics

ECON 255  Introduction to Mathematical Economics  Units: 3.00  

An introduction to the use of mathematics in economic analysis. The first part of the course will concentrate on techniques for constrained and unconstrained optimization, as applied to problems of firm and consumer behaviour. This will lead to the interpretation of Lagrange multipliers as shadow prices. The second part of the course will show how matrix algebra may be used to study problems of production and allocation in interdependent economies.

Learning Hours: 120 (36 Lecture, 84 Private Study)  
Requirements: Prerequisite (ECON 110 or [ECON 111 and ECON 112] or [COMM 171 and COMM 172]) and (MATH 120 or MATH 121 or [MATH 123 and MATH 124] or MATH 126 or [APSC 171 and APSC 172] or COMM 161).  
Offering Faculty: Faculty of Arts and Science  


Subject Code for Applied Economics:   APEC Subject Code for Economics:   ECON Subject Code for Politics-Philosophy-Economics:   PPEC World Wide Web Address: