Swayam Central

Mathematical Economics

By Ms. Sikha Ahmad   |   Doon University, Dehradun

Objectives of the Course: 
# Do you want to learn how to take quick and wise decisions? 
# Do you want to learn the art of scientific thinking, logical thinking and critical thinking so that you can use them in your daily economic activities?
# Do you want to save your time, money and energy?

If you want to find an answer to all the above questions and if you wish to make your life simple, easy and interesting to live, this course is just for you! 

Intended audience:  
Apart from Economics, this course will be beneficial to solve problems in Engineering, Architecture, Medicine, Finance, Management, Policy-making and Analytics.

Outcomes of the Course:
After completing this course, you will have learnt:
# How to build models by expressing words in symbols, numbers and equations
# New techniques to solve complex problems
# To measure the effect of change and discover techniques to improve your decision-making process
# Economic dynamics and solve problems through adjustments with time.
# A new dimension of scientific, logical and critical thinking, that will assist your mind to solve personal, professional and social problems and guide you to take wise decisions.

# Elementary knowledge of Economics and 
# Elementary knowledge of Mathematics


Course Status : Upcoming
Course Type : Core
Duration : 15 weeks
Start Date : 15 Jul 2019
End Date : 30 Oct 2019
Exam Date :
Category :
  • Humanities and Social Sciences
  • Level : Postgraduate


    WEEK 1 :
    Module 1: Number Systems and Set Theory
    Module 2: Functions
    Module 3: Problems and Solutions

    WEEK 2:
    Module 4: Model- An Introduction
    Module 5: Economic Models
    Module 6: Problems and Solutions

    WEEK 3: 
    Module 7: Concept of Utility
    Module 8: Partial Equilibrium Market Model
    Module 9: Problems and Solutions

    WEEK 4:
    Module 10: Matrix- An Introduction
    Module 11: Matrix Algebra and Linear Models
    Module 12: Concepts in Matrix Algebra and Matrix Methods
    Module 13: Problems and Solutions

    WEEK 5: 
    Module 14: Matrix and Market Model
    Module 15: Matrix and National Income Model
    Module 16: Problems and Solutions

    WEEK 6:
    Module 17: Input-Output Analysis-An Introduction
    Module 18: Open and Closed Input-Output Model
    Module 19: Problems and Solutions

    WEEK 7: 
    Module 20: Differentiation-An Introduction
    Module 21: Optimization: Maxima and Minima
    Module 22: Problems and Solutions

    WEEK 8:
    Module 23: Linear Programming- An Introduction
    Module 24: Solution to LP-Graphical Method
    Module 25: Dual and its interpretation
    Module 26: Problems and Solutions

    WEEK 9:
    Module 27: Integration- An Introduction
    Module 28: Applications to Economic Theory.

    WEEK 10:
    Module 29: Differential Equations-An Introduction
    Module 30: First Order Linear Differential Equations

    WEEK 11:
    Module 31: Exact Differential Equations and Second Order Differential Equations

    WEEK 12:
    Module 32: Applications of Differential Equations in Economics
    Module 33: Problems and Solutions

    WEEK 13:
    Module 34: Difference Equations- An Introduction
    Module 35: First Order Difference Equations
    Module 36: Second Order Difference Equations

    WEEK 14:
    Module 37: Applications of Difference Equations in Economics
    Module 38: Problems and Solutions

    WEEK 15:
    Module 39: Computational Economics-An Introduction
    Module 40: Computational Solution Tools


    1. Chiang, Alpha C. (1984). Fundamental Method of Mathematical Economics, Third Edition, McGraw Hill

    2. Rosser, Mike. (2003). Basic Mathematics for Economists, Second Edition, Routledge, Taylor & Francis Group

    3. Handerson, Quandt. (1980). Microeconomic Theory, A Mathematical Approach, Third Edition, McGraw Hill


    Sikha Ahmad is an academician in School of Social Sciences, Department of Economics, Doon University, Dehradun. She is a Gold medallist in Economics from Gauhati University. Her areas of research interest include Mathematical Economics, Econometrics, Behavioural Economics, Neuroeconomics, Econophysics and Tourism. 
    She has worked for a DST (Department of Science and Technology, Govt. of India) Project titled “Intelligent System for Tourism Industry”. 
    She is sincere and diligent and loves to train and guide young minds. Gifted with a curious mind,  she strives for excellence at work and in research. She is a doer and a learner with positive attitude and gives importance to quality of work. She is skilled in creative thinking, decision making, problem-solving, critical thinking and self management. 

    Ishteyaaq Ahmad is an academician having more than 15 years of teaching and administrative experience. His areas of research interest include Online education, Social Media Technologies, Programming, Software Engineering and Artificial Intelligence. 
    He has to his credit two e-Learning courses in the form of Open Educational Resources for Commonwealth of Learning (COL). He is also a recipient of Young Scientist and Professional research grant funded by Department of Science & Technology, Government of India. He is a Fellow of India School on Internet Governance (inSIG2017) organised by Internet Society. He is skilled in critical thinking, creativity, problem-solving and self management.


    “30 Marks will be allocated for Internal Assessment and 70 Marks will be allocated for external proctored examination”