The aim of the course is to improve the students' skills related to use of mathematical models and applications in economic theory to provide the students with basic mathematical tools and fundamental mathematical skills essential to understanding modern economic theory and practice, including calculus and linear matrix algebra, differentiation, economic dynamics, integrals and optimization to study theories of consumer and producer behavior, applications of optimization in consumer theory and theory of the firm, determination of prices in markets, general equilibrium, input-output model, linear and non-linear models.

After completing this course, the student will be able to:

1. Explain the basic tools of applied mathematics
2. Identify the basic mathematical tools of linear algebra,
3. Applying these tools in the fields of economics and business.
4. Analyze their logical thinking
5. Construct the inter-industry Input-Output Model
6. Compare the simple and constraint optimization
7. Interpret the Economic dynamic

1. Equilibrium Analysis in Economics
2. Comparative Statics and Derivatives
3. Differentials
4. Optimization
5. Exponential and Logarithmic Functions
6. Optimization with Equality Constraint
7. Linear Models and Matrix Algebra
8. Economic Dynamics and Integral Algebra

Chiang, A.C. and Wainwright, K., “Fundamental Methods of Mathematical Economics,” 5^th Edition. New York, USA: McGraw-Hill, Inc., 2005.

• Anthony, M., “Mathematics for Economics and Finance,” Cambridge, UK: Cambridge University Press, 1996.
• Glass, J. C., “An Introduction to Mathematical Methods in Economics,” New York, USA: McGraw-Hill, Inc., 1980.