Syllabus

Instructor: Professor Jae-Young Lim

Office: Life Science and Bio-technology East Building #209

Phone: 02-3290-3038

Office Hours: 10:00 – 11:00 AM, Tuesday and Thursday

Email: jylimecon@korea.ac.kr

Textbook:

Fundamental Methods of Mathematical Economics; Alpha C. Chiang; McGraw-Hall

Other references:

Understanding Mathematical Economics, Taewoong Kim, Shin-Young Press

Class Meetings:

12:15 –:01:30 PM, Monday and Wednesday, Life Science and Bio-technology East Bld. #101

TA:

YeonHee Hwang (Graduate student of department of food and resource economics)

Course web page:

EKU in Korea University Portal site

Important announcements and most course materials including my lecture notes will be posted in the course web, so, I strongly recommend students to visit the course web at least once a week. Students are responsible for getting lecture notes.

Description of this course

This course is aimed to teach mathematical reasoning and tools which are supposed to be applied in economic analysis. In the first half of semester, a basic level of calculus and linear algebra would be discussed and in the second half of semester, a couple of equilibrium analyses, such as static, comparative statics would be discussed.

Academic Goal of this course

The primary goals of this course are to enable the student to:

1.        Recognize the relevance of mathematics to economics and apply mathematical principles to related economic analysis.

2.        Understand the economic modelling using mathematical tools.

3.        Analyze economic issues by applying mathematical economics model.

Prerequisite

Introduction to economics

Grading policy:

Performance in this class will be evaluated on the basis of grades received on attendance, four problem sets, two quizzes, mid-term, and a cumulated final exam. Grades will be given by taking into consideration of the overall class performance and the food and resource economics department’s standards. Students must not ask the instructor to upgrade or downgrade their final grade except the case of grading error. Grades will be weighted as follows:

                           Attendance: 10%

                        Problem set and Quiz: 25%

                        Mid-term: 25%

                        Final: 40%

Exam rule:

There will be no make-up mid-term exam for any reason. A make-up final will be given, if necessary, for those with a substantial reason. Substantial is to be interpreted strictly. Excuses for missed exams must be pre-approved by the instructor. Students who make contact after the exam will have to document why they could not make contact prior to the exam. Any student who misses an exam due to physical illness will be required to provide documentation from a licensed physician indicating why the student was physically unable to take the exam.

Mid-term: 12:15 –01:45 p.m., Monday, April 19, 2010

Final exam: 12:15 –01:55 p.m. Wednesday, June 14, 2010