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Mathematics applied to economy

2023-2024

FrFaculté de Gestion, Economie & Sciences Licences ( FGES LICENCES )

Code Cours :

2324-FGES-MATH-EN-2002


Niveau Année de formation Période Langue d'enseignement 
S4FrAnglais
Professeur(s) responsable(s)Nohra HAGE
Intervenant(s)Pas d'autre intervenant

    Ce cours apparaît dans les formations suivantes :
  • Faculté de Gestion, Economie & Sciences - Licences & Prépas - Licence 2 Internationale d'Economie et de Gestion - S4 - 3 ECTS

Pré requis

Mathematics L1 IEG


Objectifs du cours

Introductory Course to Mathematical Analysis for Business and Economics.



  • Integration and differential Equations applied to Consumers’ and Producer’s Surplus, Growth and Decay models: Exponential and Logistic models

  • Linear Models related to Matrices and Systems of Linear Equations. Leontief Input Output Analysis

  • Introduction to Markov Chains.

  • Introduction to Linear Programming ?


Contenu du cours

4. Matrices (2) Systems with infinite many solutions (Section 6 Matrices) Inverse of a Matrix – Determinant (n=2 and n=3) Leontief’s Input Output Analysis


4.1 Systems of linear equations with no solution


4.2 System with infinitely many solutions. size of the solution Set (number of parameters)


4.3 Inverse of a Matrix.


4.4 Determinant (n=2 and n=3)


4.5 Leontief Model: Input Output analysis



5. Matrices (3) Introduction to Markov Chains


5.1 Short Review: Arithmetic and Geometric Progressions


5.2 Proof by induction applied to Sequences of Matrices


5.3 A situation of Markov Chain (Section 9.3)




  • Markov Chain, State transition rule, Tree diagram, Transition Matrix and its powers, State Vector,

  • Steady State Vector





6 linear programming (Section 7.1 to 7.4)


6.1 System of Linear inequalities in two variables


6.2.a Linear Programming of a linear function in two variables : graphical approach.


6.2.b Multiple optimum solutions


6.3 The simplex method



Modalités d'enseignement

Organisation du cours

Méthodes pédagogiques


    Évaluation


    Bibliographie

    • Recommended book: Introductory Mathematical Analysis for Business, Economics, and the Life and Social Sciences 13th Edition. Pearson New international Edition - 2014||


      • Internet resources:

        • Khan Academy

        • Miscellaneous, depending on the chapters.







     
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