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Aiming Pareto Optimality
Advanced Mathematical Methods for Economics
Learn from Former Delhi University Professor
Demo Lecture
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Complete syllabus covered AS PER DU

Written Notes Provided in PDF Format

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Answer Writing Practice

Previous Year Question Papers Discussed

24 x 7 Doubt Resolution

Mock Tests Provided

Important Questions from Chapter Covered
Unit  1
Multivariate Optimization with constraints
Constrained optimisation with equality and inequality constraints: geometric characterisation, Lagrange characterisation using calculus and applications; properties of value function: envelope theorem, applications.
Sydsaeter, K., Hammond, P. (2002). Mathematics for economic analysis. Pearson Educational. (Chapter 18.1 to 18.9 & 18.3 (The statement only))
Unit  2
Linear programming
Introduction, graphical solution, matrix formulation, duality, economic interpretation.
Sydsaeter, K., Hammond, P. (2002). Mathematics for economic analysis. Pearson Educational. (Chapter 19)
Unit  3
Integration, differential equations, and difference equations
Definite integrals, indefinite integrals and economic applications; first order and second order difference equations, equilibrium and its stability; first order differential equations, phase diagrams and stability; second order differential equations.
Sydsaeter, K., Hammond, P. (2002). Mathematics for economic analysis. Pearson Educational. (Chapter 10, 20 and 21 (except 21.9))
Assessment:
1. Semesterend Examination: 90 marks
2. Internal Assessment (IA): 30 marks
• Two class test (12 marks each), and
• 6 marks will be for attendance
3. Continuous Assessment (CA): 40 marks
• 5 marks will be for attendance
• 1 Class test for 10 marks
• At least 2 quizzes, adding up to total 25 marks
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