ECON 2070: Applied Economic Optimization
Credits: 3. Contact Hours: Lecture 2, Discussion 2.
Prereq: MATH 1510; MATH 1600; MATH 1650
Application of linear algebra, calculus and unconstrained and constrained optimization techniques to economic problems. Learning outcomes include the ability to (i) identify the objective, decision variables and constraints in economic decision problems, (ii) represent elements of an economic problem in simple mathematical models, (iii) identify and apply mathematical tools that can be used to solve the problems, (iv) identify the strengths and limitations of the solution method, and (v) interpret the economic meaning and implications of the solution.
(Typically Offered: Fall, Spring)