First Internal Exam - 15th June, 2021
Second Internal Exam - 23rd July, 2021 -Answerscript
Final Question Paper - 2021 , 2022, 2023
Mathematical Economics 2- 2022 -Link
Course completion-13th June, 2021
Syllabus
Concepts of Scalar, Vector and Matrices –– Some specific Matrices: Diagonal, Triangular, Identity, Null , Symmetric, Idempotent – Matrix operations ; Addition, Subtraction and Multiplication of Matrices – Transpose and Inverse of Matrices- Determinants-Minor and Cofactor- Properties of Determinants- Bordered Hessian Determinant – Technique of solving Simultaneous Equations by Cramer’s Rule.
Lecture - 1 - Matrix Introduction - Youtube Video Link , Reading , Question set 1 , Sol 1 , Notes , Practice set1 ,Question set 2.1 , Sol 2.1
Lecture 2 - Finding out Determinants of Matrices. - Youtube Video link , Question set 2.2 with solution
Lecture 3 - Finding the Inverse of a Matrix - Youtube Video Link , Question set 2.3 , Solution 2.3
Lecture -4 Solving System of Linear equation using Inverse Matrix method - Youtube Link , Question set 3., Solution set 3
Lecture -5 Solving System of Linear equation using Cramer's Rule - Youtube Video Link
Lecture- 6 Solving System of Equation Using three methods
Lecture- 7 Bordered hessian determinant
Class task 2 Submission - Date 27th April, 2021
Class task-3 (Submission date 6th May before 3 pm) - Question set 1, 2.1, 2.2,2.3 and Practice set 1. Solve Question set 3 and 4 using inverse matrix method, Cramer's rule and guassian elimination methods .
Class task 3 - submission date extended
Basic Concept of Input-Output Analysis – Assumptions and structure of the Leontief Static Open Model (2 ×2 Case) – Solution in such a Model – Hawkins – Simon condition and its Economic Interpretation – Price System in LSOM (2×2 Case) with Economic Implications.
Lecture 2.1 -Leontief 2x2 Input Output Analysis -Video
Lecture 2.2 - Leonteif I-O Analysis with Price System and Numerical - Video
Question set-5 , Question set - 6 , Question set - 7
Class task 4 - Complete Lecture video 2.1, 2.2, Question set 5,6,7 - Submission date 24th May before 9 am - Submission link
Basic Concepts and Assumptions of Game Theory – Two Person – Zero – Sum Game with and without Saddle Point – Concept of Dominance – Elements of Non – Zero – Sum Game – Prisoner’s Dilemma – Concept of Dominant Strategy equilibrium and Nash Equilibrium – Sub-game Perfect Nash Equilibrium- Applications.
Lecture 3.1 Zero Sum Game Video
Lecture 3.2 Pure strategy Non – Zero – Sum Game
(Concept of Dominant Strategy equilibrium and Nash Equilibrium)
Lecture 3.4 Sub-game Perfect Nash Equilibrium
Class task-5 : Game theory video + Class practice problems of 24th May + Final exam Question no. 6,7,8 - 27th May before 9 am - Submission Link
Class task 6 -All problems done in Class of Dominant Strategy equilibrium and Nash Equilibrium with proper explanation, Mixed Strategy, Sub-game perfect Nash equilibrium - Submission link
Linear Programming Technique as a Tool of optimization – General Formulation of the LP Problem – Applications in Economics – Graphical solution of some standard problems (Maximization and Minimization) – Concepts of Slack Variable, Basic Feasible Solution. Solution of some simple problems by Simplex Method (Maximization case only)- The Dual problem – Economic Interpretation of Duality.
Conversion of Primal to Dual Problem-video
Simplex method maximization 1-Reading
Simplex method maximization 2- Reading
Simplex method-Maximization -video - Notes
Simplex method -Maximization - video2 - Notes
Additional reading
Linear Optimization with Applications
Class task - 7 Submission link - 18th June, 3 pm
Final exam submission link
Core Paper 10 Mathematical Economics - II Date of Exam:11/08/2021 (Wednesday, 2 pm to 4 pm, 30 minutes extra for creating pdf, renaming pdf and submission in Google form), Submit before 4.30 pm. Marks will be deducted for late submission
Rename pdf - < Your Name, C-10, Registration number>
Submission Link
https://docs.google.com/forms/d/e/1FAIpQLSeyMvQQNGGZAku0UiFu-2_tNmNtAg3JIGT0eeURyYnqshzNhw/viewform
After submission check submission successful message for confirmation. In case you face difficulty in submission then by 4.15 pm send one copy of answer script in whatapp and most importantly email me at sssir2021batch@gmail.com
Note : check your Pdf properly before making final submission. Make sure all pages, graphs are visible and there is no cut out part in pages.
Suggested Readings:
1 . W. J .Baumol : Economic Theory and Operation Analysis, Prentice Hall.
2. Drofman , Samuelson and Solow : Linear Programming and Game Theory : An Economic Analysis
3. N. D . Vora : Quantitative Techniques in Management, Tata McGraw Hill.
4. Sharma : Operation Research , Theory and Applications, Macmillan India Ltd.
5. Taro Yamane : Mathematics for Economist- An Elementary Survey.