Mathematics for Economics - I

By Prof. Debarshi Das | IIT Guwahati

Learners enrolled: 1333

This is a basic course on application of mathematical techniques in economics. Students of science or engineering background would find it helpful since they have grounding in mathematics. The course will enable them to explore the subject of economics. If they want to branch out to economics or finance this course would give them training of the kind of mathematical applications used in these subjects. Students of economics and other social sciences would also benefit from this course.

INTENDED AUDIENCE : Undergraduate students

PREREQUISITES : Mathematics in the 10+2 level is prerequisite

Summary

Course Status :	Completed
Course Type :	Elective
Language for course content :	English
Duration :	12 weeks
Category :	Humanities and Social Sciences Economics
Credit Points :	3
Level :	Undergraduate
Start Date :	26 Jul 2021
End Date :	15 Oct 2021
Enrollment Ends :	09 Aug 2021
Exam Date :	23 Oct 2021 IST

Note: This exam date is subject to change based on seat availability. You can check final exam date on your hall ticket.

Page Visits

Course layout

Week 1 : Preliminaries: aim of the course, real number system, logic, mathematical proof

Week 2 : Sets and set operations

Week 3 : Functions of one variable, graph of functions, types of functions

Week 4 : Differentiation, partial differentiation, differentiable functions: properties

Week 5 : Differentiation of higher order, linear approximation

Week 6 : Sequence and series, limits, convergence, exponential and logarithmic functions

Week 7 : Single variable optimization: convex and concave functions, geometric properties

Week 8 : Single variable optimization: results, applications

Week 9 : Integration: area under curves, indefinite and define integrals, integration by substitution, discontinuous functions

Week 10 : Applications of integration

Week 11 : Difference functions: discrete time, first order difference equation, applications

Week 12 : Higher order difference equations, summing up

Books and references

“Mathematics for Economics Analysis,” K Sydsaeter and P Hammond, Pearson Education India, 2002.
“Fundamental Methods of Mathematical Economics,” A C Chiang, McGrawHill, 3rd Edition, 1984.

Instructor bio

Prof. Debarshi Das

IIT Guwahati

Prof. Debarshi Das is associate professor of economics in the Department of Humanities and Social Sciences in the Indian Institute of Technology Guwahati. He has about 16 years of teaching experience, as well as 22 years of research experience, including stints at Delhi University and Panjab University, Chandigarh. His areas of teaching interest are microeconomics, macroeconomics, game theory, mathematical economics, development economics and political economy. Development economics, political economy and macroeconomics are his research interest areas. In 2010 he recorded the NPTEL video course titled “Game theory and economics”.

Course certificate

The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.
The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).
Date and Time of Exams: 23 October 2021 Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.
Registration url: Announcements will be made when the registration form is open for registrations.
The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published. If there are any changes, it will be mentioned then.
Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.

CRITERIA TO GET A CERTIFICATE

Average assignment score = 25% of average of best 8 assignments out of the total 12 assignments given in the course.
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

Certificate will have your name, photograph and the score in the final exam with the breakup.It will have the logos of NPTEL and IIT Guwahati .It will be e-verifiable at nptel.ac.in/noc.

Only the e-certificate will be made available. Hard copies will not be dispatched.

Once again, thanks for your interest in our online courses and certification. Happy learning.

- NPTEL team

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