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PROFESSOR: | Dr. Jenny X. Li
Office: 220 McAllist Building
Phone: 863-9106
office hours: Tue. 2:30-5:30pm, or by appointment.
office hours of TA: Wed. 9:30-11:30pm, at Kern 408.
E-mail: li@math.psu.edu
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TEXTBOOK: | Fundamental Methods of Mathematical Economics.
Alpra C. Chiang, 2005 edition
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REFERENCE: | An Introduction to Mathematical Methods in Economics
J. Colin Glass, latest edition
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PREREQUISITES: | Econ 302 Econ 304 and Math 110
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| GRADE:
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- Homework (25%): Every other week.
- Midterm (35%): Oct.17 at regular lecture time.
- Final Exam (40%): Time and place will be announced.
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| POLICIES:
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- NO late homework will be accepted. Also there will be NO makeup midterm.
- Bonus questions will be given throughout the semester which will be added to the final grade.
- NO books, notes, calculators or other electronic devices are permitted in the midterm or final exam.
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TENTATIVE OUTLINE: |
- PART I Equilibrium (or Static) Analysis
- Review
- The Nature of Mathematical Economics
- Equilibrium Analysis in Economics
- Linear Models and Matrix Algebra
- Linear Models and Matrix Algebra Continued
- PART II Comparative-Static Analysis
- comparative Statics and Derivative
- Rules of Differentiation and Their application in Comparative Statics
- Comparative-Static Analysis of General Function Models
- PART III Optimization Problems
- Optimization: A special variety of Equilibrium Analysis
- Exponential and Logarithmic Function
- Optimization: the case of more than one Choice variable
- Constrained Optimization
- PARTIV Mathematical Programming and Game Theory
- Linear Programming
- Game Theory
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