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Unformatted text preview: Syllabus EC720.01  Math for Economists Peter Ireland Boston College, Department of Economics Fall 2010 Tuesdays and Thursdays, 1:30  2:45 pm Carney Hall, Room 305 Course Description Economics studies the eﬃcient allocation of scarce resources. It follows almost immediately from this definition that while verbal and graphical analyses are often helpful too, economists derive their sharpest and most powerful results by setting up and solving constrained (because resources are “scarce”) optimization (because allocations should be “eﬃcient”) problems. Hence, this course, EC720, will introduce you to variety of techniques for doing just that: setting up and solving constrained optimization problems. Specific methods to be covered include those based on the KuhnTucker and envelope theorems, the maximum principle, and dynamic programming. Since this is a “math for economists course” as opposed to a “course in mathematical economics,” its emphasis will be not so much on stating and proving theorems but on developing an intuitve understanding of how and why each method works and determining when one particular approach may be easier or more convenient than all...
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This note was uploaded on 02/29/2012 for the course ECON 720 taught by Professor Ireland during the Fall '09 term at BC.
 Fall '09
 IRELAND
 Economics

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