EC 305 - Mathematical Economics

(3.00 cr.)

Prerequisite: EC 102 , EC 103 , MA 151 or MA 251 . A grade of C or better required in all prerequisites. Investigates the use of applied mathematics in economics and strengthens the mathematical skills of economics majors. Students learn to structure, discuss, and analyze fundamental economics using calculus and linear algebra. Topics include the structure of constrained optimization problems, market equilibrium analysis, comparative statics of economic models, distinction between stocks and flows, and the analysis of dynamic systems.