Mathematical Methods of Economics
Constrained optimization via Lagrange and Kuhn-Tucker conditions; implicit functions and implicit differentiation; comparative static methods applied to models such as utility maximization and least-cost production; homogeneous functions; concave and convex functions; compounding and exponential functions; economic models involving integration; differential equations.
Topics
- utility maximization and least-cost production
- homogeneous functions
- concave and convex functions
- compounding and exponential functions
- economic models involving integration
- differential equations
Course catalogue
2025
Readings
- Texts Fundamental Methods of Mathematical Economics (4th Edition).
- eBook edition: Available for $69.00.
Prerequisites & course information
Prerequisite(s): ECON 1001 or FYSM 1003 with a grade of C- or higher; and ECON 1401 and ECON 1402 with a grade of C- or higher in each, (or an equivalent department-approved MATH course pair with a grade of C- or higher in each); and a combined grade point average in ECON 1401 and ECON 1402 of 6.50 or higher. Lectures three hours a week, tutorials one and a half hours a week.
Sources
- Course catalogue ↗2026–2027
- ECON 3001 ↗2025