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Advanced Mathematical Economics: Topics Description Books Alpha C. Chiang

This document outlines the topics covered in Advanced Mathematical Economics including: 1. Integral calculus, differential equations, and difference equations of varying orders. 2. Methods for solving different types of equations including constant coefficient cases, variable coefficient cases, and qualitative graphical approaches. 3. Economic applications are provided for topics such as growth models, market models, inflation, and unemployment. 4. Recommended books are listed for reference.

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55 views2 pages

Advanced Mathematical Economics: Topics Description Books Alpha C. Chiang

This document outlines the topics covered in Advanced Mathematical Economics including: 1. Integral calculus, differential equations, and difference equations of varying orders. 2. Methods for solving different types of equations including constant coefficient cases, variable coefficient cases, and qualitative graphical approaches. 3. Economic applications are provided for topics such as growth models, market models, inflation, and unemployment. 4. Recommended books are listed for reference.

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ADVANCED MATHEMATICAL ECONOMICS

Sr
No. Topics Description Books
Alpha C.
۞► Basic Rules of Integrations. Chiang
۞►Definite Integrals & their Properties.
1 Integral Calculus ۞►Area Under a Curve.
۞►Consumer & producer Surplus.
14.2, 14.3,
14.4, 14.5
۞►Improper Integrals.
۞►Economic Applications of Integrals.
۞►Domar Growth Model. Dowling

۞►Definition.
۞►Homogenous & non-Homogenous Cases.
۞►Solution (Constant Coefficient & Constant Term).
Alpha C.
۞►Dynamics of Market Price. Chiang
2 First Order Linear
Differential
۞►Solution (Variable Coefficient and Variable Term).
۞► Exact Differential Equation. 15.1, 15.2,
Equations ۞►Bernoulli Equation. 15.3, 15.4,
۞►Separable Variables. 15.5, 15.6
۞► Qualitative Graphic Approach (Phase Diagram)
۞►Solow Growth Model.

۞►Definition. Alpha C.
Second Order ۞►Solution (Constant Coefficient and Constant term).
Chiang
3 Differential
Equations
► Distinct Roots.
► Repeated Roots.
16.1, 16.2,
► Real Roots and Complex Root Cases.
16.3, 16.4,
۞► A Market Model with Price Expectations. 16.5, 16.6
۞►The Interaction of Inflation and Unemployment.

Alpha C.
4 Higher order ۞►Definition. Chiang
Differential ۞►Solution (Constant Coefficient and Constant Term).
Equations ۞►Convergence and the Routh Theorem. 16.7

۞►Definition. Alpha C.
First Order ۞►Solution of First Order Difference Equations.
Chiang
5 Difference Equations ۞►The Cobweb Model.
۞►A Market Model with Inventory.
17.2, 17.3,
۞►A Market with a Price Ceiling.
17.4, 17.5
۞►Definition.
۞►Solution (Constant Coefficients and Constant term).
Alpha C.
6 Second-Order
Linear Difference
► Distinct Roots.
►Repeated Roots. Chiang
Equations ►Real Roots and Complex Root Cases.
18.1, 18.2
۞►Samuelson Multiplier-Acceleration Interaction Model.
۞►Inflation and Unemployment in Discrete Time.

Alpha C.
7 Higher Order Linear ۞►Definition. Chiang
Difference Equations ۞►Solutions of Higher Order Linear Difference Equation
۞►Convergence and Schur Theorem Again. 18.4

8 Simultaneous ۞►Definition. Alpha C.


Differential & ۞►The Solution of Simultaneous Differential Equations.
Chiang
Difference Equations ۞►The Solution of Simultaneous Difference Equations.
19.2

9 Non-Linear ۞►Definition. Alpha C.


Programming ۞►Kuhn Tucker Condition.
Chiang
13.4

Recommended Books:

(1) Alpha C. Chiang, Fundamental Methods Of Mathematical Economics.


(2) Edward T. Dowling, Mathematical Economics.

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