ADVANCED MATHEMATICAL ECONOMICS

Sr
No. Topics Description Books
Alpha C.
۞► Basic Rules of Integrations. Chiang
۞►Definite Integrals & their Properties.
1 Integral Calculus ۞►Area Under a Curve.
۞►Consumer & producer Surplus.
14.2, 14.3,
14.4, 14.5
۞►Improper Integrals.
۞►Economic Applications of Integrals.
۞►Domar Growth Model. Dowling

۞►Definition.
۞►Homogenous & non-Homogenous Cases.
۞►Solution (Constant Coefficient & Constant Term).
Alpha C.
۞►Dynamics of Market Price. Chiang
2 First Order Linear
Differential
۞►Solution (Variable Coefficient and Variable Term).
۞► Exact Differential Equation. 15.1, 15.2,
Equations ۞►Bernoulli Equation. 15.3, 15.4,
۞►Separable Variables. 15.5, 15.6
۞► Qualitative Graphic Approach (Phase Diagram)
۞►Solow Growth Model.

۞►Definition. Alpha C.
Second Order ۞►Solution (Constant Coefficient and Constant term).
Chiang
3 Differential
Equations
► Distinct Roots.
► Repeated Roots.
16.1, 16.2,
► Real Roots and Complex Root Cases.
16.3, 16.4,
۞► A Market Model with Price Expectations. 16.5, 16.6
۞►The Interaction of Inflation and Unemployment.

Alpha C.
4 Higher order ۞►Definition. Chiang
Differential ۞►Solution (Constant Coefficient and Constant Term).
Equations ۞►Convergence and the Routh Theorem. 16.7

۞►Definition. Alpha C.
First Order ۞►Solution of First Order Difference Equations.
Chiang
5 Difference Equations ۞►The Cobweb Model.
۞►A Market Model with Inventory.
17.2, 17.3,
۞►A Market with a Price Ceiling.
17.4, 17.5
 ۞►Definition.
۞►Solution (Constant Coefficients and Constant term).
Alpha C.
6 Second-Order
Linear Difference
► Distinct Roots.
►Repeated Roots. Chiang
Equations ►Real Roots and Complex Root Cases.
18.1, 18.2
۞►Samuelson Multiplier-Acceleration Interaction Model.
۞►Inflation and Unemployment in Discrete Time.

Alpha C.
7 Higher Order Linear ۞►Definition. Chiang
Difference Equations ۞►Solutions of Higher Order Linear Difference Equation
۞►Convergence and Schur Theorem Again. 18.4

8 Simultaneous ۞►Definition. Alpha C.

Differential & ۞►The Solution of Simultaneous Differential Equations.
Chiang
Difference Equations ۞►The Solution of Simultaneous Difference Equations.
19.2

9 Non-Linear ۞►Definition. Alpha C.

Programming ۞►Kuhn Tucker Condition.
Chiang
13.4

Recommended Books:

(1) Alpha C. Chiang, Fundamental Methods Of Mathematical Economics.

(2) Edward T. Dowling, Mathematical Economics.