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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.
Precludes additional credit for ECON 2400 (no longer offered).
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.


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