ECON 3001 [0.5 credit] Mathematical Methods of Economics
Constrained optimization via Lagrange and Kuhn-Tucker conditions; implicit functions and implicit differentiation; comparative static methods applied to models such as utility maximization and least-cost production; homogeneous functions; concave and convex functions; compounding and exponential functions; economic models involving integration; differential equations.
Prerequisite(s): ECON 1001 or ECON 1000 or FYSM 1003 with a grade of C- or higher; and ECON 1401 and ECON 1402 (or equivalent) with a grade of C- or higher in each and a combined grade point average in ECON 1401 and ECON 1402 of 6.50 or higher.
Lectures three hours a week, tutorials one and a half hours a week.
Note : ECON 4908 [1.0] Honours Essay may be written by students with Overall and Major CGPAs of 9.50 or higher. In cases where a grade of B- or higher is earned on this essay, it may replace the ECON 4905 requirement together with an ECON elective requirement. Qualified students who choose to pursue the Honours essay pathway must first complete an Honours essay prospectus to the satisfaction of both their advisor and the Undergraduate Supervisor. See The Honours Essay guidelines maintained by the Department for further details.
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