Text: Chiang and Wainwright, Fundamental Methods of Mathematical Economics (Fourth Edition)
All readings, except
Chiang and Wainwright are available on Blackboard in the Course
Documents section. Readings from earlier editions of Chiang are also available in Blackboard.
Tests: Midterm (33%), Tues, March 24, open book; Final (67%), May 13, 9:00, open book
With optional paper: midterm 25%, paper 25%, final 50%
Grading scale: A 90-100, B 80-89, C 70-79, D 60-69. Numerical grades are rounded up.
Add/drop deadline (Jan. 31); withdraw deadline (March 23).
Final exam: Wednesday May 13, 9am.
Maple: much of the material in this course is replicated using the Maple mathematical language; more information is available in the Course Information section of the Blackboard site.
Linear Algebra and General Equilibrium
Chiang and Wainwright, Chapters 1-5
Applied general equilibrium (Lenotief input-output analysis)
Linear Programming and Duality
Chapters 19,20 (Blackboard)
Bassi, L.J. "The Diet Problem Revisited," The American Economist, 20, Fall 1976, 35-39
The knowledge problem
Capitalism vs Socialism
Game Theory (two person zero sum games)
Chiang Game Theory (Blackboard)
Comparative Static Analysis
Chiang and Wainwright, Chapters 6-8
Allen, R.G.D. Macro-Economic Theory, ch. 7
Chiang and Wainwright, Ch. 9-11.
Chiang and Wainwright, Ch. 12
Chiang and Wainwright, Ch. 13
Baumol, W.J. Economic Theory and Operations Analysis. 4'th ed., 1977, Ch. 7
Kuhn, "Duality in Mathematical Programming"
Takayama, A. "Behavior of the Firm under Regulatory Constraint." American Economic Review (1969) 255-260.
The Envelope Theorem (Chiang and Wainwright Ch 13)
The Oil Crisis and Entitlements