Mathematical Economics

Doon University, Dehradun and CEC via Swayam

Overview

Welcome Dear Learner!It is a pleasure to welcome you to the course Mathematical Economics.This course has been designed to make the study of Economics using Mathematics simple and easy to understand.Apart from Economics, this course will be beneficial to solve problems in Engineering, Architecture, Medicine, Finance, Management, Policy-making and Analytics.Objectives of the course:Build models by expressing words in symbols, numbers and equationsExplore techniques to solve complex problemsMeasure the effect of change and discover techniques to improve your decision-making processExplore Economic dynamicsSkills you will gain:Scientific Thinking Logical ThinkingCritical ThinkingAnalytical ThinkingPre-requisites:Elementary EconomicsElementary Mathematics

Syllabus

Week 1:Number Systems, Set Theory andFunctionsWeek 2:Economic ModelsWeek 3:Utility andPartial Equilibrium Market ModelWeek 4:MatrixAlgebra
Week 5: Application ofMatrix in Market Model andNational Income ModelWeek 6:Input-Output Analysis
Week 7:DifferentiationWeek 8:Linear ProgrammingWeek 9: Duality in Linear ProgrammingWeek 10: Integration and its ApplicationsWeek 11:Differential Equations Week 12: ExactDifferential Equations and Second Order Differential EquationsWeek 13:Difference Equations
Week 14:Applications of Difference Equations in EconomicsWeek 15:Computational Economics

Detailed Syllabus: Click here

Taught by

Ms. Sikha Ahmad and Mr. Ishteyaaq Ahmad

Reviews

4.8 rating, based on 212 Class Central reviews

Start your review of Mathematical Economics

Ramu Shaw @ramushawbsps

It is really one of the best course. I am a continuous learner from swayam nptel. I have done courses orgsnised by mooc of IIT KGP, IIT KANPUR, IIT MADRAS, IIMB, IISC BANGALORE, IIT ROORKIE etc. I found this one is the best among them in terms of syllabus, delivery, course outcomes and quality.
Shubhangi B. Patil

I really liked the course.the course is very well organised and upto the mark. Along with videos on mathematical economics, I also liked the last video on how to communicate in mooc discussion forum.The coordinator and her team must have put lot of efforts and made proper planning before starting this course. I am a assistant professor in economics always wanted to learn econometrics n mathematical economics, but could not get time , the foreign course on same were difficult to understand due to their language pronouciation, but this Indian course is very very good and easy to understand.looking forward to you for a series of such courses taking us from basic to advanced learning of the subject. Shikha mam, I have become your fan.thank you.
Akash Tiwari

This is one of the best course I have ever seen. They take the concept in a nice manner. The method of analysing, explaining are top in their shelves. Moreover Swayam doing great with offering some exceptional courses for free and it's offers weekly assessment and questions of practice. Their was well supported team for guidance....

All about it is best free course given by swayam.

Thanks a lot swayam
Lorran Rodrigues Palheta

O curso é ótimo, consegui adquirir novos conhecimentos essenciais para o dia a dia.O curso online nos ajuda a adquirir práticas e fórmulas para desenvolver a economia matemática
Bharath HB

Bharath H B Taken Mathematical Economics course from Swayam Why I have taken this course? I am Pursuing MA in economics from IGNOU. As I had a keen interest in learning Mathematical economics, my couriosity made me to take up this wonderful cours…

Bharath H B

Taken Mathematical Economics course from Swayam

Why I have taken this course?

I am Pursuing MA in economics from IGNOU. As I had a keen interest in learning Mathematical economics, my couriosity made me to take up this wonderful course in Swayam

How is my learning?

I completed 10 weeks of course and every week I involue in

- Learning through videos with goals set

- Making notes from e-Text material

- Attending Quizes

- Discussing/Anwering in Discussion forum and Whatsapp group

- Summarising by the end of week and eagerly waiting for next set

How is teaching?

Sikha Ahmad and Ishteyaaq Ahmad are teachers of this course. They along with their team make short, sweet, interseting, lovely videos of the topic with relevant examples and provide e-text. They wonderfully make this course to be a self learning.

My Subjective Opinion

I liked teachers and their team effort in making this course a full fledged well planned interesting Online learning program

I liked the initiatives taken by teachers in making Quizes, Assignments, Tasks and Challenges, giving guidlines etc.

I liked their efforts in promoting 21st century skill set - Enjoy life and Keep learning.

They are true Nation Builders

Finally, for a person like me who cannot afford conventional college learning, this course from me is complete. So 5 star
Anonymous

Credit goes to Sikha madam, Ishteyaaq sir and the complete team of Mathematical Economics Swayam course for delivering the academics as per the need and aspirations of learners. Credit also goes to the advisors and resource persons. Thank you all.…

Credit goes to Sikha madam, Ishteyaaq sir and the complete team of Mathematical Economics Swayam course for delivering the academics as per the need and aspirations of learners. Credit also goes to the advisors and resource persons. Thank you all.

Course contents are systematically arranged from simple to complex. It covered from the very beginning of number system, function, variable to difference equation, linear programming etc. Thanks for your all efforts to make the course attractive by making videos, quizzes and E-texts. Videos are beautiful made. The most special thing I found in the course is that it nicely explained the history of development of each contents. E-text materials are well written and up to the mark. Graded assignments are well arranged. Ungraded assignments invited learners participation in discussing the contents through Whatsapp groups. External online examination paper was not easy and tough at all, specially arranged looking into the nature of multidisciplinary learners. Thanks once again to the team behind the course. Hope they will put more effort to develop new course in future days to come.

Dr. Trailokya Deka
Anonymous

The course Mathematical Economics was really helpful. The video contents are very attractive and easily understandable. Really it was a beautiful journey of learning.
The way of explaining and presenting the subject were excellent and contents were also good.

Thanks you very much.

Awaiting for same kind of other economics courses from you.
Anonymous

In today's world, an economist cannot shy away from mathematics. This course is very good for giving a mathematical basis to an economist. I am an engineer by profession and therefore I was already familiar with mathematics but this course gave me a…

In today's world, an economist cannot shy away from mathematics. This course is very good for giving a mathematical basis to an economist. I am an engineer by profession and therefore I was already familiar with mathematics but this course gave me an insight into how mathematics could be applied to economic problems. I especially liked the topics on input output analysis and economic growth theories based on differential equations. Professor Shikha Ahmed deserves full credit for excellent lecture delivery and organisation of the course. Thanks to the able guidance of the teachers, I passed the examination with 96 marks out of 100 .I hope to apply knowledge gained in this course for solving practical problems with real data.
Dr. Shyamkant Limaye
Francis Obeng

This program has actually enlightened me to understand more about Mathematics. It gives meaning to every Maths expressions or equations. I'm a Maths student but have come to appreciate Maths more because of economics. I have now understood that ever…

This program has actually enlightened me to understand more about Mathematics. It gives meaning to every Maths expressions or equations. I'm a Maths student but have come to appreciate Maths more because of economics. I have now understood that every Maths question is a real life challenge in disguised form. I love to pursue Mathematical Economics to the highest level.

How I wish I could get a scholarship assistance to pursue this program either in or outside my country.

I really recommend this course to all and sundry.

Thanks to the President of Ghana for introducing SWAYAM to all NABCO beneficiaries. We're grateful.

Love to be in Indian one day... Bravo to Ms. Sikha and her team for such wonderful hardwork and delivery.

God bless you all, keep it up.
Anonymous

First, I like to congratulate and appreciate the effort put on by Prof.Sikha Ahmad and her team. I have done two courses on mathematics and statistics in my UG and PG,(long back......) but since I have to reequip myself, I registered for this course…

First, I like to congratulate and appreciate the effort put on by Prof.Sikha Ahmad and her team. I have done two courses on mathematics and statistics in my UG and PG,(long back......) but since I have to reequip myself, I registered for this course, ..... and to tell the fact, it seemed like I am listening for the first time everything in a well organized method of teaching. The pedagogy followed is simply superb. The e-notes is easy to follow. I never thought that learning through on-line would be so enthusiastic. I have to thank Prof. Sikha Ahmad for her wonderful delivery in making me understand and realize the richness of Economics and Mathematics. I expect more like this from Prof. Sikha Ahmad. And I also want the thank Swayam for bringing this into everybody's home.
Sarahzaki Ansari

The course is really something to look upto,for its simplicity and design.Something which is not too hard hitting and heavy,easy to comprehend and engaging at the same time.

Never thought that graduates too could learn in a fun way!It comes in small doses,to be absorbed and assimilated,one concept at a time.True wisdom is making something complex,as easy as possible,and the creators of the course have succeeded in doing so.While Maths and Economics are generally assumed(at least i do so)to be all complex stuff ,the course makes you believe you are going through a text book meant for a child,with pictures and games and lots of colors ,contrary to the black and white endless pages of equations and complex notations.
Anonymous

Dear teachers, thank you so much for your constant attempt to make us learning mathematical economics. The course as of now has been quite helpful. You have made the concepts and theories easy to understand. It has been made so simple to understand that even a non-mathmatical background student can find easy to grasp after a little efforts. Mathmatics in economics these days are very essential, this could help us to express theories and model in concise form. We all believe that each and every student of economics need to analyse economic theory and models in mathematical form. They must also understand the theory very clearly. I believe your enthusiastic training will help everyone to achieve their goals. Thank you once again.
Anonymous

I have taken other courses on the swayam platform last semester and currently am also taking other courses apart from ME. As a matter of sincerity, the presentation, the course content and the practicality of the course make it one of the best courses I have taken on swayam.

Although, before the course started I anticipated a more mathematically rigorous course, because I have a background in mathematics with economics, that has not been the case.

I really appreciate Sikha's authority over the subject matter and her presentation skills.

It's a good course, and I will recommend for anyone who wants to have insight into mathematical economics.

Thanks.
Shyamkant Limaye

This was a wonderful course. Prof. Sikha Ahmad's lectures were very easy to understand.
As I am an engineer, I was already familiar with mathematics but I didn't know how it could be applied to economic problems. I especially liked the material on input output tables and use of differential equations to solve economic growth problems.
I would like to do some more work using real data from CSO, CMIE and RBI.
Anonymous

This course is easily understandable even for one who hails from humanities background like me. Maths was once a monster for me.. after I joined this course, I can now feel a better version of myself in dealing with mathematical economics. The creative explanation of this staff made this course more interesting. The surprises show their passion for the development of skills in the students. Thank you 'Swayam' for making me meet this amazing teachers.
Anonymous

This is the best course for me. Because it offers high-quality learning resources including study materials and video lectures.The mathematical economics course is fantastic! The teachers are authorities in their domains, and the courses are organized with efficiency. The learning process is made more in-depth by the interactive tests and discussion boards.
Gyanesh Nanore

The course has given me new perspective to look at the subject of Mathematical Methods of Economics.

The video lectures are made interesting by using different graphics and helps in engaging you with the subject without distraction.

The thorough explanation of subject is helpful even if you are starting from scratch. With mathematical methods the basic concept of Economics is also explained as and when required so that you wont lack the idea when solving the problems.

Thanks

Gyanesh Nanore
Prabhjot Kaur

This is the BEST online course I 've taken ....

I really appreciate the care taken to script each and every topic and I also like the animation that had made this course more attractive too . The Coordinators are great,explains the material clearly with plenty of real life examples.Even the whatsApp group had been made to clear our each & every doubts .

Overall, I consider this a great course, with the great Coordinators and I would recommend it to everyone!
Anonymous

Dear Ma'am,
I am Kala from bangalore. And I am working as a lecturer in pu college. I have joined this course by July 21st.
Really I am enjoying my subject mam with maths combination.
Your explanation are awesome with examples.
I loved the demand, supply and price relationships with triangle love story. Set theory (restaurant example ).
I can assure that whoever join this course will enjoy learning and will try to improve themselves.
Thank you very mam
Anonymous

Course content needs some improvement. Some ungraded assignment questions are not discussed in the material provided. References need to be provided in every etext. Use of familiar concepts, terms and definitions would be more helpful. Eg in case of demand and supply curves the convention is to measure price on y axis and quantity on X axis. The reverse presentation may be confusing for undergraduate students.