THE UNIVERSITY OF HONG KONG
FACULTY OF BUSINESS AND ECONOMICS
Course Template for the Learning Outcomes System
School of Economics and Finance
ECON0703/ECON2285 Mathematical Economics
Instructor: Dr. J. Wu
Chapter I. Static Equilibrium Models, Optimization in Mathematics & Economics and Linear Algebra
(economic applications as illustration)
Review of equilibrium models (S & D curves) and math preliminaries including differentiation for
Dr. Joseph Wu
Email address: email@example.com
Office hours: 12:45-13:25 Tuesdays
Room 904 KKL Building
Telephone: 2850-6305 (any time 0900 1800)
Are there any math prerequisites for this
Chapter 0. Introduction and Development of Mathematical Economics
A. A philosophical viewpoint: calculus of variations to inter-connect nature, mathematics and economics
You are taking MTH EC?! hats that, in fact, hats ECMICS?
STANDARD TEXTBOOK ANSWERS:
Chapter IV. Economics of information, risks and uncertainty
A. Brief review of stochastic concepts and probability theory.
(stochastic models in Econ of Finance; risks transference, Law of Large Numbers and
CLT in the study of insurance).
Chapter II. Main Micro Econ Issues within the Mathematical Economics Framework
Price Theory: the main microecon theory dealing with the efficient resource allocation using market
mechanism based on dam Smiths Inisible Hand Thm.
Main theme: A1) dam Smit
Math Econ take-home mid-term exam 2014
[Please show all your work]
1. Given present value PV, discount rate per period, please derive the formula for n > 0 periods:
A) Future Value (FVn) based on discrete compounding;
B) FVn by continuous compounding.
For reference only. Note formula and theorems not required to memorize will be shown in the final exams under Hint
[from 2009 finals]
1. A) i) Explain Kuhn-Tucker condition for the following optimization with inequality constraint: Max f(x) subject to x0
Chapter V. Goedels Incompleteness (1931) Theorem in math logic to complete our course.
(no exam questions)
A. Our comprehensive coverage included all major topics in Math Econ. Based on the math & econ
knowledge acquired in the course, students should be