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economic_optimization's Introduction

Economic_Optimization

Course Objective

The purpose of the course is to study the applications of optimization models in economics. Our focus of study is to develop the ability to formulate economizing problems as well-defined optimization problems, solve them algebraically or with the aid of optimization software, and interpret the solutions. Theoretical development of optimization techniques is not emphasized in this course.

Reference Books

Mario J. Miranda and Paul L. Fackler. Applied Computational Economics and Finance. The MIT Press. 2002.

Simon, C. P. and L. Blume. Mathematics for Economists. W.W Norton & Company, Inc. 1994

Sundaram, R.K. A First Course in Optimization Theory. Cambridge University Press. 1996.

Winston, Wayne L. Operations Research: Applications and Algorithms. 4th edition: Thompson Publishing. 2004.

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