Page 37 - BEc_Handbook_2024_2025

EIA2012 MATHEMATICAL ECONOMICS
3 Credits

Pre-requisite Passed EIA1012 Mathematics

Learning At the end of the course, students are able to:
Outcomes
1. Recognize mathematical logics and tools for formal economic analysis.
2. Present economic theory using mathematical equations and/or models.
3. Apply appropriate mathematical techniques to solve economic problems.

Synopsis This course introduces students to the mathematical tools and concepts that are most
frequently used in economic models of the firm and consumer behavior. The course
focuses on mathematical representations of optimizing individuals in a wide variety of
"choice settings." The models can be used to analyze decision making in any setting in
which individuals have reasonably clear goals (objective functions) and confront
reasonably clear constraints. The methods developed can be used to analyze traditional
economic decisions by firms and consumers.

Medium of English
Instruction

Assessment Continuous Assessment : 40%
Weightage Final Examination : 60%

EIA2013 ECONOMETRICS I
3 Credits

Pre-requisite Passed EIA2017 Statistics II

Learning At the end of the course, students are able to:
Outcomes
1. Explain the econometric concepts based on linear regression.
2. Apply regression analysis and related techniques for quantifying economic
relationships.
3. Report the results of estimation and hypothesis testing.
4. Perform diagnostic tests of the assumptions of classical linear regression model.

Synopsis This course introduces the concepts and use of basic econometrics technique to enforce
intuitive understanding about regression analysis for estimation, prediction and inference.
Topics covered are simple regression, parameter estimation, confidence intervals,
hypothesis testing, model fit and diagnostics; multiple regression (including dummy
variables and quantitative dependent variable), independent variables selection and
model selection; functional forms; and classical assumption problems.

Medium of English
Instruction

Assessment Continuous assessment : 50%
Weightage Final examination : 50%