Unit - 1
Comparative-Static Analysis
Derivatives, Slopes, Limit Theorem
Chiang, A and Wainwright, K. (2005). Fundamental methods of mathematical economics. Boston, Mass. McGraw-Hill/Irwin. (Chapters: 6 )


Unit - 2
Differentials and its role in Comparative static analysis
Chiang, A and Wainwright, K. (2005). Fundamental methods of mathematical economics. Boston, Mass. McGraw-Hill/Irwin. (Chapters: 7 & 8)


Unit - 3
Optimization Problems
Unconstrained and constrained optimisation with single and multiple variables, Lagrangian functions, quasi- concavity and convexity, envelope theorem
Chiang, A and Wainwright, K. (2005). Fundamental methods of mathematical economics. Boston, Mass. McGraw-Hill/Irwin. (Chapters: 9.1 to 9.4, 11 (except 11.4) & 12 (12.1 to 12.5) )


Assessment
1. Semester-end Examination: 90 marks
There will be three Sections in the question paper with varying degrees of difficulty.
• Question can be asked from any unit.
• There will be only two sub-sections in each question, e.g. 2+8, 5+5, etc. • Section A: 40 Marks (4*10=40, Students will attempt any 4 out of 6) • Section B: 30 Marks (3*10=30, Students will attempt any 3 out of 4) • Section C: 20 Marks (2*10=20, Students will attempt any 2 out of 3)

2. Internal Assessment (IA): 30 marks
• Two class test (12 marks each), and
• 6 marks for attendance.

3. Continuous Assessment (CA): 40 marks
• 1 Class test for 10 marks
• At least 2 quizzes, adding up to total 25 marks.
• 5 marks for attendance.