SCHOOL OF BUSINESS AND ECONOMICS

Department of Economics
Course Name:

Applied Mathematics - I

Course Code
& Section No:
Semester:

ECO 134, SECTION 3

SUMMER 2015
INSTRUCTOR AND DEPARTMENT INFORMATION

1. Instructor SIFAT ADIYA

Name:
2. Office Room
NAC 826
3. Office
Hours:
4. Office Phone
Extension
No:
5. Email
Address:
6. Department:

ST: 9:30 am - 1:00 pm; MW: 2:30 pm - 4:20 pm; Thursday: By Appointment
only
1818

7. Links:

North South University Website: http://www.northsouth.edu

Department of Economics website:
http://www.northsouth.edu/academic/sob/economics.html

sifat.adiya@northsouth.edu, sifat.adi@gmail.com
Economics

COURSE INFORMATION
Class Time &
Location

ST: 08:00 am 09:30 am, NAC 402

Course
Prerequisite(s)
Course Credit
Hours
Course
Description

ECO 101

Study Learning
Outcomes

3:0
The Applied Mathematics I course is designed to help students understand
mathematical theories and principles that may range from basic to
intermediate level of difficulty. Major topics will include building economic
models and interpreting results, graphs of different functions, matrix
algebra, continuity and differentiability of a function, differential calculus
and so on. Along with building the foundation on general mathematical
principles, the course will try to apply the principles in real world scenarios,
particularly relevant to Economics and Business students.
On completion of this course, students should be able to:
Sketch graphs for the following types of functions: linear, quadratic,
cubic, exponential, logarithmic and rational
Have basic understanding of set theory and the real number system
Be able to solve for partial market equilibrium both for linear and
non-linear models
Be able to solve for general market equilibrium two goods market
with complement and substitute goods
Represent a linear system of equations in matrix form

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Find the rank of 2x2 and 3x3 matrices using row echelon
Identify linear independence (non-singularity) using rank of a matrix
Find determinant of 2x2 and 3x3 matrices using La Place expansion
Identify linear independence (non-singularity) using determinant of a
matrix
Solve a linear system of equations using matrix inversion or
Cramers rule
Identify limits of continuous and discontinuous functions
Find derivatives of polynomials and rational functions using power
rule, product rule, quotient rule and chain rule
Evaluate partial derivatives of functions with two or more
independent variables
Find total differentiation and total derivatives for functions with two
or more independent variables

TEXT BOOK (S)

Fundamental Methods of Mathematical Economics, 3 rd or 4th edition, by Alpha C.
Chiang and Kevin Wainwright.
I would encourage all the students to get a copy of this book and bring the book everyday in
class.
Supplementary Reading: Students can also refer to the following books for extra practice and a
better understanding on certain topics of the syllabus:
Schaums Outline Series Introduction to Mathematical Economics, (2 nd or 3rd Edition)
by Edward T. Dowling: The book is available in NSU library and any bookshop. It will be used
extensively for practice questions in every topic of this course after Mid-term I.

TEACHING STRATEGY
I will aim to finish 1 topic in 3 lectures. The lectures will be completely based on board work that
will be followed up by practice worksheets and assignments. It is up to the student to make the
notes from the board and understand the math done in class. Furthermore, it is expected that
students will be active academically in class, generating questions that will enable discussion and
exchange of ideas. There will be 3 compulsory assignments that each student must submit
individually. In addition, there will be 2 quiz exams taken of which the best score will be
considered for the final mark. To help you better understand the mathematical theories, there will
be practice questions on the more advanced topics. Students are expected to solve these practice
worksheets to be better prepared for the examinations. The tentative syllabus to be followed in
each class is given below:
N
O.

TOPICS

Lecture

REFERENC
E

1.

Introduction to Mathematical Models

1, 2

2.

Economic Models

2,3,4,5,6

Chiang Ch 2

3.

Equilibrium Analysis in Economics

6, 7, 8

Chiang Ch 3

9, 10, 11

Chiang Ch 4

12, 13, 14

Chiang Ch 5
Dowling Ch
11

NB: QUIZ 1 WILL BE HELD DURING CLASS TIME ON THE

DAY LECTURE 7 IS HELD
MID TERM I

4.
5.

MID 1 WILL BE HELD IN THE WEEKEND FOLLOWING

COMPLETION OF THE ABOVE 3 TOPICS
Models and Matrix Algebra: Vector and matrix Operations
Linear Models and Matrix Algebra: Determinants of matrix
and finding solutions to linear equation system

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NB: QUIZ 2 WILL BE HELD DURING CLASS TIME ON THE

DAY LECTURE 14 TAKES PLACE
MID TERM II

6.

MID 2 WILL BE HELD IN THE WEEKEND FOLLOWING

COMPLETION OF TOPICS 4 & 5
Comparative Statics and the Concept of Derivative

15, 16, 17

Chiang Ch 6

7.

Rules of Differentiation and Their use in Comparative Statics

17, 18, 19, 20

8.

Comparative Static Analysis of General Function models

21, 22, 23, 24

Chiang Ch 7
Dowling Ch
4
Chiang Ch 8

9.

Review

24

FINAL EXAMINATION
FINAL EXAM WILL BE HELD ON TOPICS 6, 7 & 8
Note: The instructor reserves the right to make changes to the syllabus if necessary.

COURSE EVALUATION
ASSESSMENT STRATEGY

AND

GRADING SCHEME

Grading tool
Assignments
Quiz

% contributing towards the final mark

10%

Mid Term I

12% ( Among the two quiz marks, only the better score will be
considered for compiling the final mark)
15%

Mid Term II

25%

Final

35%

Class Attendance

3%

The syllabus and question paper pattern for each examination will be mentioned during the class as we
approach nearer to the examination date.

LATE ASSIGNMENT SUBMISSION POLICY

I DO NOT accept late submission of assignments. However, sometimes due to unavoidable
circumstances, if a student is unable to submit assignment in due time, his/her assignment will be
accepted but with a penalty of 50% marks deduction from the score obtained in the assignment.

MISSED MID-TERM MAKE UP POLICY

Make-Up Examinations are normally not considered for my course. However, if there is a major
circumstance which prevents a student from undertaking either Mid Term I or Mid Term II (but not
both), an opportunity to appear in a make-up midterm examination MAY be allowed. Students
must provide me with official documents that prove their reason for missing the Midterm
examination. If permission is granted, the timing and date of the make-up exam shall be fixed by
the instructor. THERE WILL BE NO MAKE UPS FOR QUIZ OR THE FINAL EXAM.

CLASSROOM RULES

OF

CONDUCT

1. You may use your laptops in the class for class related work. Do not use your laptop for nonclass related work or in any manner that will be distracting to other students or the instructor.
2. Use of cell phones in class is not permitted.
3. Academic Integrity Policy:
School of Business does not tolerate academic dishonesty by its students. At minimum,
students must not be involved in cheating, copyright infringement, submitting the same work
in multiple courses, significant collaboration with other individuals outside of sanctioned group
activities, and fabrications.

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Students are advised that violations of the Student Integrity Code will be treated seriously,
with special attention given to repeated offences.
PLEASE REFER TO NSU STUDENT CODE OF CONDUCT
OF-CONDUCT.HTML

AT WWW.NORTHSOUTH.EDU/STUDENT-CODE-

ATTENDANCE POLICY
Students are required and expected to attend all classes and participate in class discussions. If a
student is absent in 25% or more of the classes ( that is misses 6 or more classes out of total 24
classes), then North South University mandates to fail such students, even if such absences have
occurred due to genuine reasons.
APPROPRIATE USE POLICY
All members of the North South University community must use electronic communications in a
responsible manner. The University may restrict the use of its computers and network systems for
electronic communications subject to violations of university policies/codes or local laws or
national laws. Also, the university reserves the right to limit access to its networks through
university-owned or other computers, and to remove or limit access to material posted on
university-owned computers.

SOME FINAL TIPS

Remember students, this is a mathematical course that demands a good grasp of theories and
constant practice from the students side. Hence, I would urge all the students to follow the
classes properly and have a clear understanding of the theories and practice questions whenever
possible. Attempt to solve all the assignments and worksheets yourselves and whenever you face
a difficulty in any topic visit me in my office hours and clear your confusions/problems. Try to take
out at least 2 hours of personal time for ECO 134 every week and that should keep you in a good
academic position in this course.

Good luck for this semester!

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