List of Courses

Information
Description
Outcomes
Contents
Methodologies
Assessment
Books

Mathematical Economics 2

Course Code :
ECO 404
Level :
Undergraduate
Course Hours :
3.00 Hours
Department :
Department of Economics

Instructor information :

Area of Study :

This course relates mathematical techniques to economic analysis. It intends to provide a mathematical representation to economic theories. The course covers a variety of topics, for example: Game theory, Nash equilibrium, The Principal Agent Problem with Hidden Information, Bayes theory, Cournot's model and oligopolistic competition. It offers students with applications and case studies in several topics such as: price wars, externalities and public goods. Course Goals: • Provide students with the mathematical tools required for economic analysis. • Teach students how to apply the Lagrange multiplier approach to constrained optimization problems. • Acquaint students with solving economic problems in a matrix form and inform them with Cramer's rule. • Economic Applications using game theory. • Equip Students how to formulate economic problem in mathematical terms.

For further information :

Telephone: 16383 (16FUE)
E-mail: [email protected]

Mathematical Economics 2

For further information :

Telephone: 16383 (16FUE)
E-mail: [email protected]

Mathematical Economics 2

Course outcomes:

a. Knowledge and Understanding:

1-	Differentiate between different models of oligopolistic competition.
2-	Identify Homogeneous andHomothetic Functions, as well as explaining Concavity and Convexity.
3-	Define the basics of matrices, and their importance for economists.

b. Intellectual Skills:

1-	Appraise national and international company's situations using the concept of game theory and Nash equilibrium.
2-	Calculate costs, revenues and profits of real case studies using different oligopolistic competition models.

c. Professional and Practical Skills:

1-	Practice the Principal Agent Problem in real situations.
2-	Manipulate game theory and the use of Nash Equilibrium concept in solving economics problems.
3-	Apply mathematical, statistical and graphical techniques in an appropriate manner.

d. General and Transferable Skills:

1-	Encourage Innovation and knowing how to work towards the results.
2-	Use critical thinking methods for solving problems and decisions making.

For further information :

Telephone: 16383 (16FUE)
E-mail: [email protected]

Mathematical Economics 2

Course topics and contents:

Topic	No. of hours	Lecture
Introductory lecture and course outline Revision on matrices, differentiation, Integration and different types of functions	9	3
Game theory	6	2
Nash equilibrium	6	2
Midterm Exam		1
The Principal Agent Problem with Hidden Information	6	2
Cournot's model and oligopolistic competition	6	2
Economic Applications and Case studies	6	2
Final Exam		1

For further information :

Telephone: 16383 (16FUE)
E-mail: [email protected]

Mathematical Economics 2

Teaching And Learning Methodologies:

Teaching and learning methods
Data show and computer in lectures
Case studies Applications.
Group discussion and presentations.

For further information :

Telephone: 16383 (16FUE)
E-mail: [email protected]

Mathematical Economics 2

Course Assessment :

Methods of assessment	Relative weight %	Week No.	Assess What
Course Work (Attendance, Participation, Assignments, Quizzes, Research Paper…)	30.00		To assess understanding and to assess theoretical background of the intellectual and practical skills.
Final Exam	40.00	15	To assess knowledge and intellectual skills.
Midterm Exam	30.00	8	To assess professional skills.