Mathematical Analysis for Economics
Course Introduction
Wooyoung Jeon
Chonnam National Univ
Course Outline
• ECN1004: Mathematical Analysis for Economics
• Instructor: Wooyoung Jeon
• Office : CBA Building #2-322
• Office Phone : 1558
• Office Hour : Tue, Thu 10:30 AM - 11:30 AM
• email : wyjeon@[Link]
• Lecture Time and Location:
• Tue, Thu 9:00 – 10:15 AM, CBA #2-402
Course Objective
• Main goal of this course is to provide basic mathematical
understandings and skills which are essential in studying the advanced
level of economic theories.
• Detailed topics which will be taught are as following :
• Linear Models and Matrix Algebra
• Comparative Statics
• Differentiation
• Optimization
• Exponential and Logarithmic Functions
• Integral Calculus
• Mathematics is a main language of Economics. Hence, to foster the
ability of economic way of thinking, it is crucial to have a capability to
understand and apply mathematical concepts.
Course Prerequisite
• Basic calculus
• Required to have a good English skill in both writing and speaking.
Textbooks
• Main
• Fundamental Methods of Mathematical Economics (4th Edition),
Alpha Chiang, Kevin Wainwright, McGraw-Hill
Grading
• Midterm Exam: 40%
• Final Exam: 40%
• Assignments: 10%
• Attendances and others: 10%
Assignments
• 10 Assignments
• Won't be graded
• Once submitted, full credit will be given
• Solution will be provided either in class or by e-class
• However, when checked time to time, if the answer does not include relevant
contents or show proper effort, no credit will be given.
• You are a college student. You study by yourself, but I require you to put proper
amount of effort in this course and assignments
• Some questions in assignments will appear in midterm or final exam.
• English class can allow more As
• I am willing to give As to maximum-possible number of students
Course Schedule
• Course schedule can be changed based on students' needs if necessary
Week Lecture Topic Hours per week Method of Instruction Class Materials & Assignments
Introduction
1 3 Lecture and Problem Based Learning Chap 1
The Nature of Mathematical Economics
2 Linear Models and Matrix Algebra I 3 Lecture and Problem Based Learning Chap 4, HW#1
3 Linear Models and Matrix Algebra II 3 Lecture and Problem Based Learning Chap 5, HW#2
4 Comparative Statics and the Concept of Derivative 3 Lecture and Problem Based Learning Chap 6, HW#3
Rules of Differentiation and their Use in Comparative
5 3 Lecture and Problem Based Learning Chap 7, HW#4
Statics
6 Comparative-Static Analysis of General-Function Models 3 Lecture and Problem Based Learning Chap 8, HW#5
7 Review and Exercise for Midterm 3 Lecture and Problem Based Learning
8 Midterm Exam 3
9 Optimization 3 Lecture and Problem Based Learning Chap 9, HW#6
10 Exponential and Logarithmic Functions 3 Lecture and Problem Based Learning Chap 10, HW#7
11 The Case of More than One Choice Variable 3 Lecture and Problem Based Learning Chap 11, HW#8
12 Optimization with Equality Constraints 3 Lecture and Problem Based Learning Chap 12, HW#9
13 Economic Dynamics and Integral Calculus 3 Lecture and Problem Based Learning Chap 14, HW#10
14 Review and Exercise for Final 3 Lecture and Problem Based Learning
15 Final Exam 3
Build-up to become a good economist
• Mathematics is an important language to understand not only
Economics but also real world
• Matrix, comparative-static analysis, optimization, compounding interest, discounting
• Mathematics helps you to build up good physical shape and stamina for
you to become a good athlete
Before we begin the class
It is Matter of Time (시간이 다 해결해준다)
• You must be excited and concerned about new semester and challenging classes
• Don't Worry.(No need to worry about whole process now)
If you sit here and walk step by step with me,
by the end of the semester, you will know the essence of mathematical economics.
• What is important is that you spend good amount of time(matter of time)
• The good consequence(grade) will just follow you if you maintain this mindset of
"It is Matter of Time".
Good Luck!
Enjoy the learning!!