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Admissions

It is a University which is committed to excellence and overall development of the student and one where talent is nurtured and honed in the best possible manner. Come, be a part of our never-ending journey of accomplishments and accolades.

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Excellent education not only imparts knowledge, but also paves the way for a promising and successful career. The Placement Cell at The IIS University has numerous success stories to narrate in this regard...

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Taking the age-old tradition of enlightenment through education forward, The IIS University - in its continuous pursuit of excellence - firmly believes that an institution’s academic profile determines its worth and value. Therefore, on offer are a wide variety of both conventional and contemporary programmes of study.

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To stimulate curiosity and cater to the global needs of a dynamic education, The IIS University - since inception - has been promoting and encouraging research-based experiential learning among all its students.

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About Us

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IIS Univ
  • Admissions

    It is a University which is committed to excellence and overall development of the student...

  • Placements

    Excellent education not only imparts knowledge, but also paves the way for...

  • Life@IIS Univ

    Life @ IISU is nothing less than a kaleidoscope of myriad hues; complete with...

  • Academics

    Taking the age-old tradition of enlightenment through education forward,...

  • Research

    To stimulate curiosity and cater to the global needs of a dynamic education,...

  • About Us

    The IIS University, with its perfect amalgamation of innovation, inspiration...

IIS (Deemed to be University)

Gurukul Marg, SFS, Mansarovar, Jaipur 302020, (Raj.) India

Phone:- +91-141-2400160-61, 2397906-07,

Fax: 2395494,2781158, Toll Free No.: 1800 180 7750

MATHEMATICAL ECONOMICS – II | Economics

MATHEMATICAL ECONOMICS – II

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Paper Code: 
ECO 423 (A)
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

1.     To help students understand the application of mathematical techniques in the determination of price and quantity under duopoly.

2.     To help students examine the factors, which determine the pattern of trade cycles and economic growth of a country.

3.     To help students to interpret the application of the techniques of linear programming, input-output and game theory in economics.

 

12.00
Unit I: 
Microeconomic Models

Existence and uniqueness of equilibrium, Stability ofequilibrium, Static stability-Marshallian&Walrasian Stability Conditions, dynamicstability- Lagged adjustment- Cobweb model; Duopoly market models-quasicompetitivesolution, Collusion solution, Cournot solution, Stakelberg solution andmarket share solution 

12.00
Unit II: 
Macroeconomic Models

Multiplier- Static and Dynamic, IS-LM Curves, Multiplier-Accelerator interaction trade Cycle models of Samuelson and Hicks.Growth Models- Harrod-Domar, Solow, Meade, and Kaldor.

12.00
Unit III: 
Linear Programming

Simplex method; problem of Degeneracy and mixed constraints,Duality theorems.

12.00
Unit IV: 
Input-Output Analysis

Concepts of static &dynamic, closed &open input - output models.Hawkins-Simon conditions of viability, Determination of gross output, price and value added.

12.00
Unit V: 
Theory of Games

Two-person constant sum games,Maximin and Minimax,dominant strategies, Pure and Mixed strategies, Saddle point solution, conversion of game theory into linear programming

Essential Readings: 
  1. James. M. Henderson and Richard E. Quandt, Microeconomic Theory: A Mathematical Approach, McGraw-Hill Inc., US; 3rd Revised edition,1980.

 

  1. B.C. Mehta: Mathematical Economics: Microeconomic Models, Sultan Chand& Sons, New Delhi, 1987
References: 
  1. R.G.D Allen, Mathematical Economics, Macmillan; 2nd Revised edition, 1959.

 

 

  1. Alpha C Chiang, Fundamental Methods of Mathematical Economics, McGraw-Hill Education 2nd ed., 1974

 

Academic Session: 
2022-23
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