ECO604

Mathematical Economics
Instructor: Prof Shulin Liu
Office: #726 Keyan Bld
Phone: 64494081
Email: slliu258@163.com
Office Hours: Thursday 15:30~16:30;
Friday 14:00~16:00

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 Content
Textbook
Alpha C. Chiang and Kevin Wainwright,
Fundamental Methods of Mathematical
Economics (4th Edition).
We will cover only the first four parts including
Chapter 1 to Chapter 12
We learn the Comparative-Static analysis,
and optimization. We will cover the
dynamic analysis if we have enough time

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 Teaching activity
will send all the lecture notes (pdf files) to
the public email box: mephd@hotmail.com
Username: mephd@hotmail.com;
pw: phdme2017
For each class, you are supposed to sigh
your name during the break time and/or
after the class.
1 point for one signature
The contribution of your 13 attendances are
13 points.
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 Teaching activity
I will record if you submit your homework for
each section and send your homework back to
you.
The homework for each section is supposed to be
completed and submitted at the end of that section
No make-up homework will be permitted
I will correct your homework for each section.
Each submitted homework for each section is
worth 4 points.
6 homework for six sections = 24 points.

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 Grading Procedure
24 points for the Homework = 6 homework
* 4 point
13 points for all the attendance
32 points for the Mid exam
31 points for the Final exam
No make-up mid or final exam is permitted

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 What can you do to maximize your chances
for success?

Top five
1. Understand in addition to memorize
2. Ask why, not how
3. See every problem as a challenge
4. Learn techniques, not results
5. Make sure you understand each topic
before going on to the next

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 What is Mathematical Economics
Mathematical economics (abbreviated as ME)
will use some mathematical techniques to solve
or study some economic problems, and to
answer some why question. For example, why
MR = MC is a necessary condition for profit
maximization of a firm
In my opinion, ME is a bridge connecting
mathematics and economics

Mathematical economics

mathematics economics
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 Structure of this course
We always follow the following steps
First learn some relevant mathematical
techniques,
then demonstrate applications of the
mathematical techniques to
some advanced mathematical problems
some economic problems, especially
microeconomic problems and macroeconomic
problems in PhD level.

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 Last thing to say
I will try my best to give good lecture to you.
After each lecture, I suggest you to review my
lecture note (and the textbook) first, and then do
the homework in time by yourself, following the
examples in the class.
It is ESSENTIAL to your success in the course
that you do the homework regularly, and on time
I hope everyone will enjoy the course study, have
a good score, and have a good time in the fall
term.

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