MATHEMATICAL ECONOMICS

Course Information
TitleΜΑΘΗΜΑΤΙΚΗ ΟΙΚΟΝΟΜΙΚΗ / MATHEMATICAL ECONOMICS
Code12ΕΕ05
FacultyEconomic and Political Sciences
SchoolEconomics
Cycle / Level1st / Undergraduate
Teaching PeriodWinter
CoordinatorEvangelos Ioannidis
CommonYes
StatusActive
Course ID100001484

Programme of Study: UPS School of Economics (2013-today)

Registered students: 180
OrientationAttendance TypeSemesterYearECTS
OIKONOMIASElective Course belonging to the selected specialization (Elective Specialization Course)533
DIOIKĪSĪ EPICΗEIRĪSEŌNSpecial Election533

Class Information
Academic Year2020 – 2021
Class PeriodWinter
Instructors from Other Categories
Weekly Hours3
Class ID
600177955
Course Type 2021
Specialization / Direction
Course Type 2016-2020
  • Scientific Area
Course Type 2011-2015
Specific Foundation / Core
Mode of Delivery
  • Distance learning
Language of Instruction
  • Greek (Instruction, Examination)
Learning Outcomes
After the successful completion of the course, students will be able to know the required basic tools of Dynamic Analysis (Equations of Difference / Differential Equations) in order to understand and build Dynamic Models in Economics. More specifically, they will be able to solve Mathematics exercises using the above tools, as well as to model and solve Economic Problems using the above mathematical tools successfully.
General Competences
  • Apply knowledge in practice
  • Retrieve, analyse and synthesise data and information, with the use of necessary technologies
  • Make decisions
  • Work autonomously
  • Advance free, creative and causative thinking
Course Content (Syllabus)
Mathematical Economics Introduction to Mathematics for Economics Dynamics Modeling time. Linear, first and second-order difference equations. Nonlinear, first-order difference equations. Phase Diagram and qualitative analysis. Steady-state equilibrium.The steady-state and convergence. Cycles and Chaos. Linear, first and second-order differential equations. Nonlinear, first-order differential equations. Qualitative analysis. Simultaneous systems of differential and difference equations. Economic models.
Keywords
Economic models, differential equations, difference equations, qualitative analysis, steady-state equilibrium
Use of Information and Communication Technologies
Use of ICT
  • Use of ICT in Course Teaching
  • Use of ICT in Communication with Students
Course Organization
ActivitiesWorkloadECTSIndividualTeamworkErasmus
Lectures822.9
Exams20.1
Total843
Student Assessment
Student Assessment methods
  • Written Exam with Short Answer Questions (Summative)
  • Written Exam with Extended Answer Questions (Summative)
Bibliography
Course Bibliography (Eudoxus)
MATHEMATICS for ECONOMICS. Hoy Michael, Livernois John, McKenna Chris, Stengos Thanasis (MIT Press) ΠΡΟΣΚΛΗΣΗ ΣΤΑ ΜΑΘΗΜΑΤΙΚΑ ΟΙΚΟΝΟΜΙΚΩΝ & ΔΙΟΙΚΗΤΙΚΩΝ ΕΠΙΣΤΗΜΩΝ (Τόμος B').Λουκάκης Μαν
Additional bibliography for study
ΜΑΘΗΜΑΤΙΚΕΣ ΜΕΘΟΔΟΙ ΟΙΚΟΝΟΜΙΚΗΣ ΑΝΑΛΥΣΗΣ. Alpha C. Chiang & Kevin Wainwright
Last Update
12-12-2021