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ECON 207: Applied Economic Optimization

(2-2) Cr. 3. F.S.

Prereq: MATH 151, MATH 160, MATH 165 or equivalent
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.


Economics teaches the ability to reason clearly and to address complex issues using tools and decision-making models from economics, mathematics, and statistics, as well as concepts from the biological, physical, and social sciences. The study of economics also helps students to: develop an understanding of the interactions of technology, human activity, and the environment; apply systematic approaches to making optimal choices; analyze quantitative information; and communicate concepts and findings to industry professionals, organizations, governments, and the general public. 

Ivy College of Business

...take MATH 160 Survey of Calculus and ECON 207 Applied Economic Optimization instead of MATH...

Actuarial Science

...ACCT 284, ECON 101, FIN 301, MATH 165, MATH 166, MATH 265, MATH 207 or...

Business Economics

...Business Economic majors take MATH 160 and ECON 207 instead of MATH 150 and MATH...

Computing Applications Certificate

...302 Research Methods for the Social Sciences ECON 207 Applied Economic Optimization Any course at...