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Schedule for Fall 2008   

           Week        Tuesday                Thursday

1

August 26

August 28

2

September 2  

September 4 

3

September 9

September 11

4

September 16

September 18

5

September 23

September 25  (review)

6

September 30  (test)

October 2 

7

October 7

October 9

8

October 14  

October 16

9

October 21

October 23 (review)

10

October 28 (test)

October 30  

11

November 4

November 6

12

November 11

November 13 

13

November 18  

November 20 (test)

14

November 25 (Fall recess)

November 27 (Fall recess)

15

December 2 

December 4   

16

December 9

December 11   

17

December 18  (final, 10am) 

Happy Holidays!

 

 Chiang, Alpha C. and Kevin Wainwright.  Mathematical Economics  (Fourth Edition) 

Lecture

Homework problems

Week/
Day

Chapter/
Section

Page

Topic

Background
material

Week/
Day

Page

Exercise

Problems with Answers 

Assigned
Problems

Wk 1

Ch. 1
top

2

The Nature of Mathematical Economics

Math 143

 Wk 1

 

 

 

 

 T

1.1

2

Mathematical versus Nonmathematical Economics

-

 

 

 

 

 

 T

1.2

4

Mathematical Economics versus Econometrics

-

 

 

 

 

 

 Wk 1

Ch. 2

5

Economic Models

 

 Wk 1

 

 

 

 

 T

2.1

5

Ingredients of a Mathematical Model

 

 

 

 

 

 

 T

2.2

7

The Real-Number System

 

 

 

 

 

 

 T

2.3

8

The Concept of Sets

 

 

14

2.3

1a, 3a, 3c, 3e, 8, 9

 

T

2.4

15

Relations and Functions

 

 

19

2.4

1a, 3, 5

 

 T

2.5

20

Types of Function

 

 Th

24

2.5

2a, 2b, 2c, 4, 5a, 6a

4

 T

2.6

25

Functions of Two or More Independent Variables

 

 

 

 

 

 

 T

2.7

27

Levels of Generality

 

 

 

 

 

 

Wk 1

Ch. 3
top

29

Static (or Equilibrium) Analysis

 

Wk 1

 

 

 

 

T

3.1

30

The Meaning of Equilibrium

 

 

 

 

 

 

 T

3.2

31

Partial Market Equilibrium - A Linear Model

 

 Th

34

3.2

1, 3, 5

1

 T

3.3

35

Partial Market Equilibrium - A Nonlinear Model

 

 Th

40

3.3

1a, 3a, 5a, 5c

1a, 3a,5a

 T

3.4

40

General Market Equilibrium

 

Th

45

3.4

3

3

 T

3.5

46

Equilibrium in National-Income Analysis

 

 Th

47

3.5

1b, 3

1a, 1b, 2a, 2c

Wk 2

Ch. 4
top

48

Linear Models & Matrix Algebra Linear

 

Wk 2

 

 

 

 

 T

4.1

49

Matrices and Vectors

 

 Th

51

4.1

1

1, 2, 5

 T

4.2

51

Matrix Operations

 

 Th

58

4.2

1a,1c,3,4b,4c, 6a, 6c, 7b, 7d

3, 4c

 T

4.3

59

Notes on Vector Operations

 

Th

65

4.3

1a,1c,1e,1g,  3a, 3b, 5a, 5c, 7a, 9c

3a, 3b

 T

4.4

67

Commutative, Associative, and Distributive Laws

 

Th

69

4.4

1a,2,4a

2

 T

4.5

70

Identity Matrices and Null Matrices

 

Th

72

4.5

1a, 1c, 3a, 3c, 4

1c 

T

4.6

73

Transposes and Inverses

 

Th

78

4.6

1, 3, 5

3
T 4.7

78

Finite Markov Chains

 

Th

81

4.7

 

1(a),1(b)(i),1(c)

Wk 3

Ch. 5
top

82

Linear Models & Matrix Algebra Linear

 

Wk 4

 

 

 

 

 Th

5.1

82

Conditions for Non-singularity of a Matrix

 

 T

87

5.1

1a, 1c, 1e, 3a, 3d, 5a, 5b

5b

 Th

5.2

88

Test of Non-singularity by Use of Determinant

 

 T

93

5.2

1a, 1c, 1e, 3, 4a, 5

4a

 Th

5.3

94

Basic Properties of Determinants

 

 T

98

5.3

3a, 3b, 4a, 4c, 5a, 5c, 7

4a, 4c, 7

 Th

5.4

99

Finding the Inverse Matrix

 

 T

102

5.4

1,3a, 3b, 4a, 4c

3a, 3b, 4a, 4c

Wk 4

Ch. 5
top

 

Linear Models & Matrix Algebra Linear

 

Wk 5

       

 Th

5.5

103

Cramer's Rule

 

T

107

5.5

1a, 1c, 2a, 2c, 3a, 3c, 4

3c

 Th

5.6

107

Application to Market and National-Income Models

 

 T

111

5.6

1a, 1b

1a, 1b, 3

 Th

5.7

112

Leontief Input-Output Models

 

 T

120

5.7

1, 3a, 3c, 4a

1, 2, 3a, 3c, 4a, 4d

 Th

5.8

120

Limitations of Static Analysis

 

 

 

 

 

 

Wk 6

Ch. 6
top

124

Comparative statics & the concept of derivatives

 

Wk 7

 

 

 

 

 Th

6.1

124

The Nature of Comparative Statics

 

 

 

 

 

 

 Th

6.2

125

Rate of Change and the Derivative

 

 T

127

6.2

1a, 1b, 1c, 3a

1b,3a

 Th

6.3

128

The Derivative and the Slope of a Curve

 

 

 

 

 

 

 Th

6.4

129

The Concept of Limit

 

 T

135

6.4

1, 3a, 3b

3a,3b

 Th

6.5

136

Digression on Inequalities and Absolute Values

 

 T

139

6.5

1a, 1c, 3a, 3c

1c,3b

 Th

6.6

139

Limit Theorems

 

 T

141

6.6

1a, 1c, 3a, 3c

1c,3c

 Th

6.7

141

Continuity and Differentiability of a Function

 

 T

146

6.7

2a, 2b, 2c, 3a, 3b, 3c, 6

2c,3b,3c,6

Wk 7

Ch. 7
top

148

Comparative statics & rules of differentiation

-

Wk 8

 

 

 

 

 Th

7.1

148

Rules of Differentiation for a Function of One Variable

 

 T

152

7.1

1a, 1c, 1e, 3a, 3c

3c

 Th

7.2

152

Rules of Differentiation Involving Two or More Functions of the Same Variable

-

 T

160

7.2

1,3a,3c, 3e, 4b, 7a, 7c, 8a, 8c

1, 4b, 10a

Th

7.3

161

Rules of Differentiation Involving Functions of Different Variables

-

 T

165

7.3

1,3a, 3c, 5

6a

Th

7.4

165

Partial Differentiation

-

 T

169

7.4

1a, 1c, 3a, 3c, 5a

4, 5a, 5b, 6a

 Th

7.5

170

Applications to Comparative-Static Analysis

-

 T

175

7.5

1, 2

1, 2

 Th

7.6

175

Note on Jacobian Determinants

-

 T

177

7.6

1a, 1b

1b

Wk 8

Ch. 8
top

187

Comparative statics of general function models

-

Wk 9

 

 

 

 

 Th

8.1

179

Differentials

-

 T

184

8.1

1a, 1c, 3a

3a,3b,6a,6b

 Th

8.2

184

Total Differentials

 

T

186

8.2

2a, 3a, 4, 6

2a,2b,4,6

 Th

8.3

187

Rules of Differentials

-

 T

189

8.3

3a, 4

1a,1b

 Th

8.4

189

Total Derivatives

-

 T

193

8.4

1a, 1c, 3, 4b

3,6

 Th

8.5

194

Derivatives of Implicit Functions

-

 T

204

8.5

5a, 5b, 7, 8

5a,5b,8

 Th

8.6

205

Comparative Statics of General-Function Models

-

T

217

8.6

1c, 3

1c,3,5

 Th

8.7

218

Limitations of Comparative Statics

-

 

 

 

 

 

Wk 10

Ch. 9
top

219

Optimization: special case of equilibrium analysis

 

Wk 11

 

 

 

 

 Th

9.1

221

Optimum Values and Extreme Values

-

 T

 

 

 

 

 Th

9.2

222

Relative Maximum and Minimum: First -Derivative Test

-

 T

226

9.2

1a, 1c, 2a, 4d

2a, 4d

Th

9.3

227

Second and Higher Derivatives

 

 T

233

9.3

1a, 1c, 3b, 5

3b, 5

 Th

9.4

233

Second-Derivative Test

-

 T

241

9.4

1a, 1c, 2, 3e, 3d, 5a, 5b, 5c, 7b

1c, 2, 3d, 3e, 7b

Th

9.5

242

Digression on Maclaurin and Taylor Series

-

T

250

9.5

1a, 1c, 1e, 2a, 3b

1e, 2a

 Th

9.6

250

Nth-Derivative Test for Relative Extremum of a Function of One Variable

-

 T

254

9.6

1a, 1c, 2b

1a, 2b

Wk 11 

Ch. 10
top

255

Exponential & Log Functions

Math 143
ch 5

Wk 12

 

 

 

 

 Th

10.1

256