Course info

•Correctly apply Calculus and the various rules through:

• Applications and solving of economic unconstrained maximization/minimization problems both single and partial derivatives;

•An analysis of Cobb Douglas Production Function;

• Determination and interpretation of elasticities of demand and supply;

• Applications of Calculus in Total Revenue and Profit maximization and cost minimization analysis;

•An application of the Lagrangian Multiplier in constrained optimization problems;

•Applications using utility and production examples; and

•Identification of Inequality Constraints and applying the Kuhn Tucker optimization rule.

•Demonstrate an advanced understanding of Linear Algebra, Matrix algebra and applications;

•Integrate the various mathematical concepts and correctly apply this to economic problems;

•Correctly apply Differential equations in economic models; and

•Successfully introduce the Taylor Approximations rule and second-order conditions, through applications in economics.