MEC-003 Quantitative Methods for Economic Analysis

This is course of IGNOU (Indira Gandhi National Open University) MA Economics Course First Year.

Topics Covered

Introduction to Differential Calculus

• Functions, Limit and Continuity
• Derivatives
• Partial Differentiation

Extreme Values and Optimization

• Maxima and Minima
• Unconstrained Optimization
• Constrained Optimization

Integral Calculus and Economic Dynamics

• Integration and Applications in Economic Dynamics
• Difference Equations and Applications in Economic Dynamics

Linear Algebra and Economics Application
• Vector Analysis
• Linear Algebra
• Input-output Analysis
• Linear Programming

Statistical Methods-I
• Data Presentation and Descriptive

Statistics
• Correlation and Regression Analysis
• Probability Theory
• Probability Distribution

Statistical Methods-II
• Sampling Theory
• Sampling Distribution
• Statistical Inference

Who should attend

Students who have taken admission in IGNOU MA Economics Program

Pre-requisites

Basic understanding of mathematics

What you need to bring

None

Key Takeaways

Students will able to Quantitative methods of Economical Analysis.