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The purpose of the Mathematical Models in Economics course is to cover basic calculus optimization as applied in economics contexts to prepare students for intermediate level economics courses. While the main tools for the course are obviously math tools, they are math used in business and economic analysis, modeling, and research. The course will go over applications of unconstrained and constrained optimization to microeconomics, macroeconomics, and econometrics and make the connections between the tools we cover and their uses. That will also include both single and multi-variate calculus applications and the conditions for optimality. Economic interpretation of the math is more important than the math itself and the real focus of the course.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Prerequisites: (MATH 102 [Min Grade: C] or MATH 117 [Min Grade: C] or MATH 121 [Min Grade: C]) and ECON 201 [Min Grade: C]