Mathematical methods of economic analysis, Mathematics

Assignment Help:
I need answers for these 10 exam questions:
1.Input-output (Leontief) model: main assumptions and construction. Definition of productivity. Necessary condition of productivity of input-output model (proof). Inverse matrix (E-A)-1 in input-output model. How it is calculated by infinite series of Ak and what does it mean? Profitability of a model and what is the meaning of rows and columns of matrix (E-A)-1?
2.Solution of difference equations of the second order. Homogenous and non-homogenous case (proof of relevant formula).
3.Samuelson’s model of economic growth. Corresponding difference equation. Analysis of the model. Proof of convergence. Diagram for different pairs of a (accelerator) and ? (propensity to consume).
4.R.Solow growth model in discrete time. Corresponding difference equation. Existence of steady state. Convergence to steady state.
5.Problem of optimization. Classic approach. Necessary and sufficient conditions of minimum (maximum) in one – dimensional, n – dimensional constrained and non-constrained optimization cases. Application of the bordered Hessian.
6.Diamond-Samuelson overlapping generations model. Formulation, analysis and steady state.
7.Non-classic problem of optimization (problem of mathematical programming). Local and global minima. Convex set. Convex and concave function: definition and necessary and sufficient conditions of convexity. Necessary and sufficient condition of optimal solution of convex optimization problem. Cases when a set of feasible solutions is Rn , Rn+
8.Non-classic problem of optimization. Necessary and sufficient condition of optimal solution of convex optimization problem when a set of feasible solutions is defined by constraints g(x)=b. Lagrangian function, saddle point as sufficient condition of optimal solution (proof). Kuhn-Tucker theorem. Interpretation of dual variables.
9.Optimal control theory: the main problem in discrete time . R. Bellman’s principle of optimality. Recursive function.
10.McCall’s intertemporal job search model. Reservation wage.
Is it possible and how much does it cost?

Related Discussions:- Mathematical methods of economic analysis

Prerequisite, Is prerequisite multipcation or addition

Is prerequisite multipcation or addition

Draw tangent graph y = sec ( x ), G raph y = sec ( x ) Solution: As wi...

G raph y = sec ( x ) Solution: As with tangent we will have to avoid x's for which cosine is zero (recall that sec x =1/ cos x) Secant will not present at

Calculate the linear equation, Calculate the linear equation: Example...

Calculate the linear equation: Example: Solve the equation 4x + 3 = 19 by transposing. Solution: Step 1. Transpose the 3 from the left-hand to the right-hand si

DIFFERENTIAL EQUATIONS, WHICH LIFE PROBLEMS CAN BE SOLVED USING THE KNOWLED...

WHICH LIFE PROBLEMS CAN BE SOLVED USING THE KNOWLEDGE OF DIFFERNTIAL EQUATIONS?

Dora, dora and her family are driving to visit relatives for the holidays t...

dora and her family are driving to visit relatives for the holidays they travel 174 miles in 3 hours if they travel at a constant speed how many miles do they travel in one hourest

Algebra, please tell me what is algebra and how i can understand it

please tell me what is algebra and how i can understand it

Why is the steepness of a curve partially calculate, Can you explain why is...

Can you explain why is the steepness of a curve partially calculated by the units of measurement?

Calculus, need someone to log into my hawkes and complete homework due

need someone to log into my hawkes and complete homework due

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd