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

Limit, limit x APProaches infinity (1+1/x)x=e

limit x APProaches infinity (1+1/x)x=e

Functions, find the derived functions

find the derived functions

Fractions, what is the lowest term of 11/121

what is the lowest term of 11/121

Evaluate indefinite integrals, Evaluate following indefinite integrals. ...

Evaluate following indefinite integrals.  (a) ∫ 5t 3 -10t -6 + 4 dt  (b) ∫ dy Solution  (a) ∫ 5t 3 -10t -6 + 4 dt There's not whole lot to do here other than u

Find out the surface area of the solid, Find out the surface area of the so...

Find out the surface area of the solid acquired by rotating y = √ (9-x 2 ), - 2 x 2 about the x-axis. Solution The formula that we'll be using here is, S = ∫ 2Πyds

What is plotting points, What is Plotting Points ? How would you go abo...

What is Plotting Points ? How would you go about drawing the graph of y = x2 ? One way to do it is by plotting points. (Your graphing calculator uses this method.) This is

Solve 4 cos(t )= 3 on[-8, Solve 4 cos(t )= 3 on[-8,10]. Solution : Here...

Solve 4 cos(t )= 3 on[-8,10]. Solution : Here the first step is identical to the problems in the previous section. First we need to isolate the cosine on one side by itself & t

How many relations are possible from a set, How many relations are possible...

How many relations are possible from a set A of 'm' elements to another set B of 'n' elements?     Ans: A relation R from a set A to other set B is specified as any subset of A

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