UT Dallas Syllabus for econ6305.501.10f taught by James Murdoch (murdoch) | Test (Assessment) | Mathematical Optimization

Course  Syllabus  

ECO  5309.501  Mathematical  Economics   Fall  2010  

Professor  Contact  Information  
James  C.  Murdoch         GR  2.508           murdoch@utdallas.edu         972-­‐883-­‐4989   Hours:  MW  11:00  –  12:00  and  by  appointment                        

Course  Pre-­requisites,  Co-­requisites,  and/or  Other  Restrictions  
Generally,  you  should  be  admitted  to  the  MS  or  PhD  in  Economics.    If  you  are  non-­‐degree  seeking  or  from   another  program  or  are  still  taking  some  of  the  undergraduate  perquisites  then,  please  see  me.  

Course  Description  
This  course  is  an  introduction  to  the  mathematics  used  in  graduate  economics  courses.    The  main  focus  is   on  multivariate  calculus,  linear  algebra  and  dynamic  analysis.  

Student  Learning  Objectives/Outcomes  
By  the  end  of  the  course,  you  should  be  able  to:   • Understand  the  equilibrium  properties  in  a  variety  of  economic  models   • Understand  the  solutions  to  a  variety  of  economic  optimization  problems.   • Perform  comparative  static  analysis   • Work  with  matrices  and  understand  their  properties   • Set-­‐up  and  solve  dynamic  optimization  problems     By  the  end  of  the  course,  you  should  be  able  to  think  critically  about:   • The  mathematical  structure  of  economic  models   • The  limitations  of  mathematical  analysis  of  economic  problems    

Required  Textbooks  and  Materials  
Simon,  Carl  P.  and  Lawrence  Blume.    Mathematics  for  Economists.    Norton    1994.  

Suggested  Course  Materials  
Other  math  econ  books  cover  the  same  material.    Your  micro  textbook  will  have  either  a  math   appendix  or  a  section  on  background  mathematics.    These  are  usually  really  helpful.  

Readings  &  Academic  Calendar  
Exam  Dates   First  Exam:     Second  Exam:   Third  Exam:   September  27   November  1   December  6  

  Course  Outline  and  Readings  (Tentative)     Part  I.  Functions  and  Optimization.  August  23  –  September  20   Chapters  10-­‐19  

Part  II.  Optimization  and  Dynamics.  October  1  –  October  25     Chapters  20  –  25.   Part  III.  Dynamic  Optimization.    November  8  –  November  29   Class  Notes  

Grading  Policy  
Homework:     25%   Exam  1:       25%   Exam  2:       25%   Exam  3:       25%   Each  exam,  problem  set,  writing  assignment,  etc.  will  be  graded  on  a  100  point  scale  (%  correct).    These  will   be  combined  using  the  weights  above  and  then  translated  into  final  letter  grades  (A+  through  F)  as  follows:   98  –  100     A+   88  –  89   B+   78  –  79   C+   68  –  69   D+   Below  60   F   93  –  97   A   83  –  87   B   73  –  77   C   63  –  67   D       90  –  92   A-­‐   80  –  82   B-­‐   70  –  72   C-­‐   60  –  62   D-­‐         I  reserve  the  right  to  curve  the  grades  in  your  favor.  In  other  words  the  assignment  from  percent  correct  to   letter  grade  will  never  be  any  more  stringent  than  above  but  it  may  be  more  liberal  so  that,  for  example,  the   A-­‐range  may  extend  into  the  80s,  etc.    For  each  grade,  I  will  go  over,  in  class,  the  relation  between  percent   correct  and  letter  grade.      

Course  &  Instructor  Policies  
There  are  no  make-­‐up  exams.  If  you  miss  an  exam,  you  will  need  to  see  me.    Assignments  must  be  turned  in   by  the  due  date/time.    

Other  Information  


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