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MATHEMATICAL ECONOMICS

MATHEMATICALECONOMICSSTUDY MATERIALVI SEMESTERCORE COURSE:ECO6 (2014 Admission onwards)UNIVERSITY OF CALICUTSCHOOL OF DISTANCE EDUCATIONC alicut University Malappuram, Kerala, India 673 635712 School of Distance EducationMathematical EconomicsPage2 UNIVERSITY OF CALICUTSCHOOL OF DISTANCE EDUCATIONSTUDY (2014 Admission onwards)CORE COURSE:ECO6 B12:MathematicalEconomicsPrepared by:ModulesI& II:Dr. Chacko Jose PAssociate professorDepartment of EconomicsSacred Heart CollegeChalakudyThrissur 680307 Module III& V:Fathimath Sajna,Research Assistant,KSHEC Research Project,Govt. College KodancheryModule IV:Rajimol. ,HoD of ECONOMICS ,NMSM Govt. College, KalpattaEditor:Dr. C. KrishnanPrincipal,Government College Kodanchery,Kozhikode 673 Computer Section, SDE ReservedSchool of Distance EducationMathematical EconomicsPage3 CONTENTSPAGE IIntroduction to MATHEMATICAL ECONOMICS -5 Module IIMarginal Concepts-15 Module IIIO ptimisation-26 Module IVProduction Function,Linear ProgrammingAnd Input Output Analysis-32 Module VMarket Equilibrium-56 Syllabus-67 School of Distance EducationMathematical EconomicsPage4 School of Distance EducationMathematical EconomicsPage5 MODULE 1 INTRODUCTION TO MATHEMATICAL ECONOMICSM athematical ECONOMICS :Meaningand Importance,M

He set out to translate pure theory into pure mathematics. After the pioneering work of Jevons (1871 ) and Walras (1874 ), the use of mathematics in economics progressed at very slow pace for a number of years. The first of the latter group is F. Y. Edgeworth. His contribution to

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