MME I

Introductory Mathematical Methods for Economics (ECON 002)

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Introductory Mathematical Methods for Economics (ECON 002) for Economics (H) Semester I, UGCF 2022, University of Delhi

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The Introductory Mathematical Methods for Economics (ECON 002) Course for BA (Hons) Economics Semester I, UGCF 2022, Delhi University has been taught by Mr. Dheeraj Suri. The Video Lectures are based upon the books prescribed by the University of Delhi. The Duration of Video Lectures is approximately 50 Hours.

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Course Fee for Introductory MME : Rs. 6,000

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Demo Quiz

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Mean Value Theorem Test #1

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3. The Paper has ten Questions
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1 / 10

Rolle’s Theorem is a special case of

2 / 10

f (x) is differentiable for every x belongs to R and has two roots.

3 / 10

f(x) = ln (x^2 + 2). Find the point c belongs to (-1, 1) such that tangent at c is parallel to chord joining the point (-1, ln3) and (1, ln3)

4 / 10

Find the value of ‘a’ if f(x) = ax2 + 32x + 4 is continuous over [-4, 0] and differentiable over (-4, 0) and satisfy the Rolle’s theorem. Hence find the point ‘c’ in interval (-4,0) at which its slope of a tangent is zero

5 / 10

Rolle’s Theorem tells about the

6 / 10

Find the value of c if f(x) = x(x-3)e3x, is continuous over interval [0,3] and differentiable over interval (0, 3) and c ∈ (0,3)

7 / 10

Geometrically the mean value theorem ensures that there is at least one point on the curve f(x), whose abscissa lies in (a, b) at which the tangent is

8 / 10

f(x) = |x| defined on [-1, 1]

9 / 10

f (x) = ln(10 – x2), x = [-3, 3], find the point in interval [-3, 3] where slope of a tangent is zero,

10 / 10

Rolle’s theorem is applicable to the

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Reading List

Click Here for Reading List of Introductory Mathematical Methods for for Economics

Recommended Readings

Sydsaeter, K., Hammond, P. (2002). Mathematics for economic analysis. Pearson Education.

Demo Lectures for Introductory Mathematical Methods for Economics (MME)

Course Introduction

Chapter 1 : Preliminaries

Introductory MME Class #1
Introductory MME Class #2
Introductory MME Class #3
Introductory MME Class #4
Convex Sets

Chapter 4 : Limits, Continuity & Series

Asymptotes

Previous Year Question Papers : PYQ’s

Implications Previous Year Questions
Question Paper 2023 Q1(a) Solution

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Exam Pattern

The End Semester Question Paper will be of 90 Marks

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Course Content of Our Video Lectures

The Lectures are as per the Latest Syllabus Prescribed by DU for UGCF 2024- 25

Unit – I : Preliminaries

Chapter 1 : Preliminaries

Duration of Lectures : 379 Minutes

Number of Lectures : 11

Based Upon Hammond Chapter 1

Topics Covered

►Real Numbers, Natural Numbers, Integers, Rational Numbers, Irrational Numbers

►Intervals, Inequalities, Sign Diagram,

►Inequalities, Absolute Value

►Linear Inequalities in Two Variables.

►Proposition, Propositional Connectives, Implication, Bi implication, Necessary & Sufficient Conditions, Truth Tables

►Direct Proof, Indirect Proof, Proof by contradiction,

►Deductive and Inductive Reasoning

►Sets Introduction, Operations on Sets,

►Convex Sets,

►Cartesian Product of Sets,

►Relations,

Unit – 2 : Functions of One Real Variable

Chapter 2 : Functions of One Variable

Duration of Lectures : 452 Minutes

Number of Lectures : 10

Based Upon Hammond Chapter 2

Topics Covered

►Distance Formula, Section Formula, Area of a Triangle, Slope of a Line, Equation of a Line, Equation of Circle,

►Equation of Circle, Equation of Parabola,

►Rectangular Hyperbola

►Functions Introduction,

►Injection, Surjection, Bijection,

►Domain & Range of Functions,

►Linear and Quadratic Functions,

►Greatest Integer Function, Modulus Function, Rational Function, Signum Function,

►Graph of a Function,

►Inverse of a Function,

Chapter 3 : Polynomials, Powers & Exponentials

Duration of Lectures : 399 Minutes

Number of Lectures : 7

Based Upon Hammond Chapter 3

Topics Covered

►Quadratic Functions,

►Quadratic Optimization,

►Polynomials,

►Power Functions,

►Economic Application of Functions,

►Exponential & Logarithmic Functions,

►Applications of Exponential & Logarithmic Functions,

Chapter 4 : Single Variable Differentiation

Duration of Lectures : 170 Minutes

Number of Lectures : 5

Based Upon Hammond Chapter 4

Topics Covered

►Slope of Tangent to Curve & Differentiation, Newton Quotient,

►Simple Differentiation,

►Rates of change and their economic significance,

►A Dash of Limits,

►Second & Higher Order Derivatives,

Chapter 5 : More on Differentiation

Duration of Lectures : 290 Minutes

Number of Lectures : 8

Based Upon Hammond Chapter 5

Topics Covered

►Generalized Power Rule,

►Chain Rule,

►Implicit Differentiation,

►Linear Approximation,

►Polynomial Approximation,

►Taylors Rule, Newton Binomial Formula

►Elasticity of Functions,

►Elasticity of Demand, Elasticity of Supply, Elasticity of Cost,

Chapter 6 : Limits, Continuity & Series

Duration of Lectures : 575 Minutes

Number of Lectures : 12

Based Upon Hammond Chapter 6

Topics Covered

►Limits Introduction,

►Special Limits,

►Logarithmic Limits,

L’Hôpital’s Rule, Limits at Infinity,

►Sequences & Infinite Series, Convergence & Divergence,

►Present Value,

►Asymptotes, Horizontal Asymptotes, Vertical Asymptotes & Oblique Asymptotes

►One Sided Limits,

►Continuity,

►Differentiability

Chapter 7 : Implications of Continuity & Differentiability

Duration of Lectures : 280 Minutes

Number of Lectures : 7

Based Upon Hammond Chapter 7

Topics Covered

►Intermediate Value Theorem,

►Extreme Value Theorem,

►Mean Value Theorem,

Monotonic Functions,

►Equation of a Tangent and Normal,

►Taylor’s Formula & Newton Binomial Formula,

►Inverse Functions,

Chapter 8 : Exponential & Logarithmic Functions [330 Minutes]

Duration of Lectures : 330 Minutes

Number of Lectures : 9

Based Upon Hammond Chapter 8

Topics Covered

►The Natural Exponential Function,

►The Natural Logarithmic Function,

Logarithmic Differentiation,

►Differentiation of Infinite Series,

►Parametric Differentiation,

►Generalizations,

Applications of Exponentials & Logarithms,

►Compound Interest & Present Discounted Value,

Unit – 3 : Single Variable Optimization

Chapter 9 : Single Variable Optimization

Duration of Lectures : 520 Minutes

Number of Lectures : 14

Based Upon Hammond Chapter 9

Topics Covered

►Extreme Value Theorem,

►Absolute Maximum & Minimum,

Local Maxima & Minima,

►Global Maximum & Minimum,

►Curvature,

►Jensen’s Inequality,

Curve Sketching,

►Economic Applications of Maxima & Minima,

►Cost Functions, Revenue Functions,

►Cost Minimization, Revenue Maximization, Profit Maximization,

►Effect of Tax and Subsidy,

End of Syllabus

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