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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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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...

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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.

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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.

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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.

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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.

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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

Quantitative Techniques | Economics

Quantitative Techniques

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Paper Code: 
ECO 302
Credits: 
3
Contact Hours: 
45.00
Objective: 

1.    To introduce the basic concepts of mathematics;
2.    To  apply mathematics as a tool to study economics
 

7.00
Unit I: 
Basic Concepts
  • Exponents;
  • Linear Equations – slopes, intercepts & slope-intercept form;
  • Solving the Equations- Linear and Quadratic ;
  • Solving the system of Equations -Elimination and Substitution methods (Up to 3 variables).

          

10.00
Unit II: 
Differential Calculus
  • Simple Differentiation involving – constant function rule, power function rule, rule of sum and differences, product rule, quotient rule, chain rule;
  • Higher Order Derivatives.

 

 

10.00
Unit III: 
Application of Differential Calculus
  • Relationship between Total, Marginal & Average functions;
  • Increasing and Decreasing functions;
  • Optimizing economic functions.

 

9.00
Unit IV: 
Matrix Algebra I
  • Types of Matrices;
  • Operations on Matrices;
  • Determinants(up to third order matrix);
  • Properties of Determinants;

 

9.00
Unit V: 
Matrix Algebra II
  • Solving linear equations by determinants-Cramer’s rule.
  • Minors and cofactors;
  • Adjoint and Inverse of Matrix;
  • Solving linear equations with an inverse matrix.

 

Essential Readings: 

1.    Dowling,E.T.(1993), Schaum’s Outline of Theory and Problems of Mathematical Methods for Business And Economics, McGraw Hill.
2.    Mehta, B.C., and G.M.K. Madnani, Mathematics for Economists, Sultan Chand & Sons, New Delhi.

References: 

1.    Chiang,A.C. (1986), Fundamental Methods of Mathematical Economics (3 rd Edition),McGraw Hill, New Delhi
 

Academic Session: 
2018-19
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