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Search Results for "ECON 2070"

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)

Economics

https://catalog.iastate.edu/collegeofliberalartsandsciences/economics/
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.