ECON 7170 - [Mathematical Economics]

Fall. Next Offered: 2019-2020. 4 credits. Student option grading.

Prerequisite: ECON 6090-ECON 6100 (or equivalent training in micro theory) and MATH 4130-MATH 4140 (or equivalent training in analysis).

Staff.

The primary theme of this course is to explore the role of prices in achieving an efficient allocation of resources in dynamic economies. Some of the classical results on static equilibrium theory and welfare economics on attaining optimal allocation through decentralized organizations are examined through an axiomatic approach. Some basic issues on capital theory are also analyzed.