IIT Madras – Humanities and Social Sciences

Department of Humanities & Social Sciences

Indian Institute of Technology Madras

Mathematics for Economics

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This Course is designed to introduce essential mathematical concepts and their applications in economic analysis. This course will help students with the analytical skills they need to better grasp their fields of study.. Matrix Algebra and Linear Economic Models: Matrix Algebra- Simultaneous Linear Equations- Linear Economic Models- Quadratic forms and positive definite matrices
2. Functions of Single and Many Variables and Optimization: Functions of Single and Many variables-Optimization- Comparative static Analysis in Optimization Problems.
3. Dynamic Analysis: Integration- Continuous Time: Differential Equations- Discrete Time: Difference Equations- Dynamic Optimization.

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