Apply Online
IIS University

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.

Psychometric Counselling Tele-Counselling E-mail Counselling Subject Counselling International Admissions
Placement Placements Go Down
Life@IIS Univ Life@IIS Univ Go Down
Academics Go Down
Research Go Down
About-Us Go Down
University Status

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.

Read More

Placements

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...

Read More

Life@IIS Univ

Life @ IISU is nothing less than a kaleidoscope of myriad hues; complete with vibrant events and memorable occasions to cherish for a lifetime.

Read More

Academics

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.

Read More

Research

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.

Read More

About Us

The IIS University, with its perfect amalgamation of innovation, inspiration and synergy, aims to be a model institution for students across disciplines and programmes.

Read More
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 Methods for Economics-II | Economics

Mathematical Methods for Economics-II

Error message

  • Warning: ini_set(): Headers already sent. You cannot change the session module's ini settings at this time in drupal_environment_initialize() (line 691 of /home/iisunivac/public_html/includes/bootstrap.inc).
  • Warning: ini_set(): Headers already sent. You cannot change the session module's ini settings at this time in drupal_environment_initialize() (line 692 of /home/iisunivac/public_html/includes/bootstrap.inc).
  • Warning: ini_set(): Headers already sent. You cannot change the session module's ini settings at this time in drupal_environment_initialize() (line 693 of /home/iisunivac/public_html/includes/bootstrap.inc).
  • Warning: ini_set(): Headers already sent. You cannot change the session module's ini settings at this time in drupal_environment_initialize() (line 698 of /home/iisunivac/public_html/includes/bootstrap.inc).
  • Warning: ini_set(): Headers already sent. You cannot change the session module's ini settings at this time in drupal_environment_initialize() (line 702 of /home/iisunivac/public_html/includes/bootstrap.inc).
Paper Code: 
ECO 212
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 
  1. To develop an understanding of the use of differential calculus in respect of multivariable functions. 
  2. To interpret the concepts of indefinite and definite integrals.
  3. To acquaint the students with the technique of linear programming and its applications.

 

Course Outcomes (COs):

Course

 Outcome (at course level)

Learning and teaching strategies

Assessment Strategies 

Paper Code

Paper Title

 ECO 212

Mathematical Methods for Economics-II

CO18: Students will acquire knowledge of different mathematical techniques like Calculus of Multivariable Functions

CO19: Students will apply these mathematical techniques for economic analysis and optimizing functions.

CO20: Students will understand the concepts of integration, difference and differential equations.

CO21: Students will implement the technique of linear programming.

Approach in teaching: Interactive Lectures and Discussions.

 

Learning activities for the students:

Practice Modules and

Assignments.

Class activity, Assignments and Semester end examinations.

 

12.00
Unit I: 
Calculus of Multivariable Functions

First- and second-order partial derivatives; Total Differentials; Optimization- Unconstrained and constrained (Lagrange-Multiplier Method); Applications in Economics

 

 

 

 

12.00
Unit II: 
Integral Calculus I (Indefinite Integrals)

Nature of Integrals; Basic Rules of Integration; Integration by substitution and by parts; Simple Economic Applications.

12.00
Unit III: 
Integral Calculus II (Definite Integrals)

Meaning of Definite Integrals; Definite Integral as an Area under a curve; Properties of Definite Integrals; Simple Economic Applications-Consumer’s and Producer’s surplus.

 

 

12.00
Unit IV: 
Difference and Differential Equations

First-Order Linear Difference equations: Solution, stability conditions, and applications – Lagged income determination model and Cobweb model; First-Order Linear Differential equations with constant coefficient and constant term.

 

 

 

 

12.00
Unit V: 
Linear Programming

Meaning, assumptions, formulation and graphical solution of a Linear Programming Problem.

Essential Readings: 
  • Chiang, A. C. & Kevin Wainwright, Fundamental Methods of Mathematical Economics (Fourth Edition), McGraw Hill, 2013.
  • Dowling, E. T., Schaum’s Outline of Theory and Problems of Mathematical Methods for Business and Economics, McGraw Hill, .
  • K. Sydsaeter and P. Hammond, Mathematics for Economic Analysis, Pearson Educational Asia, Delhi, 2002.

 

Academic Session: 
2021-22
  • Printer-friendly version
  • PDF version