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49 ratings

Kirill Bukin

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Mathematics for economists

HSE University

About this Course

22,067 recent views

This course is an important part of the undergraduate stage in education for future economists. It's also useful for graduate students who would like to gain knowledge and skills in an important part of math. It gives students skills for implementation of the mathematical knowledge and expertise to the problems of economics. Its prerequisites are both the knowledge of the single variable calculus and the foundations of linear algebra including operations on matrices and the general theory of systems of simultaneous equations. Some knowledge of vector spaces would be beneficial for a student. 
The course covers several variable calculus, both constrained and unconstrained optimization. The course is aimed at teaching students to master comparative statics problems, optimization problems using the acquired mathematical tools. 
Home assignments will be provided on a weekly basis.

The objective of the course is to acquire the students’ knowledge in the field of mathematics and to make them ready to analyze simulated as well as real economic situations.

Students learn how to use and apply mathematics by working with concrete examples and exercises. Moreover this course is aimed at showing what constitutes a solid proof. The ability to present proofs can be trained and improved and in that respect the course is helpful. It will be shown that math is not reduced just to “cookbook recipes”. On the contrary  the deep knowledge of math concepts helps to understand real life situations.

Do you have technical problems? Write to us: coursera@hse.ru

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Intermediate Level

Approx. 26 hours to complete

English

Subtitles: Arabic, French, Portuguese (European), Italian, Vietnamese, German, Russian, English, Spanish

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Intermediate Level

Approx. 26 hours to complete

English

Subtitles: Arabic, French, Portuguese (European), Italian, Vietnamese, German, Russian, English, Spanish

Instructor

Instructor rating

4.28/5 (7 Ratings)

Kirill Bukin

Associate Professor, Candidate of sciences (phys.-math.)

Faculty of Economic Sciences, Department of Theoretical Economics

27,352 Learners

1 Course

Offered by

HSE University

HSE University is one of the top research universities in Russia. Established in 1992 to promote new research and teaching in economics and related disciplines, it now offers programs at all levels of university education across an extraordinary range of fields of study including business, sociology, cultural studies, philosophy, political science, international relations, law, Asian studies, media and communicamathematics, engineering, and more.

Syllabus - What you will learn from this course

Week

Week 1

4 hours to complete

The basics of the set theory. Functions in Rn

Week 1 of the Course is devoted to the main concepts of the set theory, operation on sets and functions in Rn. Of special attention will be level curves. Also in this week introduced definitions of sequences, bounded and compact sets, domain and limit of the function. Also from this week students will grasp the concept of continuous function.

4 hours to complete

12 videos (Total 117 min), 2 readings, 1 quiz

12 videos

About the University1m

Promo1m

1.1. Definitions and examples of sets14m

1.2. Operations on sets9m

1.3. Open balls in Rn9m

1.4. Sequences in Rn. Closed sets.10m

1.5. Bounded and compact sets10m

1.6. Functions and level curves in Rn16m

1.7. Domain and limit of a function. Continuous functions.13m

1.8. Continuity of a function. Weierstrass theorem.13m

1.9. Composite function.12m

1.10. Continuity of a composite function3m

2 readings

About University10m

Rules on the academic integrity in the course10m

Week

Week 2

4 hours to complete

Differentiation. Gradient. Hessian.

Week 2 of the Course is devoted to the main concepts of differentiation, gradient and Hessian.

4 hours to complete

13 videos (Total 115 min)

13 videos

2.1. Differentiation. Partial differentiation.7m

2.2. Example of differentiation. Cobb-Douglas function.9m

2.3. Tangent plane.7m

2.4. Total differential.7m

2.5. Chain rule for multivariate functions.8m

2.6. Gradient of the function.9m

2.7. Economic applications of the gradient.9m

2.8. Equation of a circumference. Smooth curves.13m

2.9. Chain rule for differentiation.10m

2.10. Linear approximation. Example of tangent plane for particular function.10m

2.11. Second-order derivatives.10m

2.12. Young's Theorem.5m

2.13. Hessian matrix.5m

1 practice exercise

Limits. Derivatives. Continuity1h

Week

Week 3

3 hours to complete

Implicit Function Theorems and their applications.

Week 3 of the Course is devoted to implicit function theorems. In this week three different

3 hours to complete

12 videos (Total 93 min)

12 videos

3.1. Implicit functions.7m

3.2. Implicit Function Theorem.5m

3.3. Applications of the Implicit Function Theorem (part 1).10m

3.4. Applications of the Implicit Function Theorem (part 2).7m

3.5. Gradient is perpendicular to a level curve of a function.11m

3.6. Implicit function theorem for the function of many variables.6m

3.7. Example of application of the IFT for the function of many variables.8m

3.8. Implicit Function Theorem for the system of implicit functions. Jacobian matrix.10m

3.9. Example of application IFT for the system of implicit functions (part 1).8m

3.10. Example of application IFT for the system of implicit functions (part 2).7m

3.11. Example of application in microeconomics.6m

3.12. Cramer's rule.2m

Week

Week 4

4 hours to complete

Unconstrained and constrained optimization.

Week 4 of the Course is devoted to the problems of constrained and unconstrained optimization.

4 hours to complete

15 videos (Total 112 min)

15 videos

4.1. Introduction in optimization.10m

4.2. Global max. Local max. Saddle point.9m

4.3. Unconstrained optimization.9m

4.4. Critical point. Taylor's formula.12m

4.5. Quadratic forms. Positive definiteness. Negative definiteness.7m

4.6. Sylvester's criterion (part 1).7m

4.7. Sylvester's criterion (part 2).5m

4.8. Examples of Hessians (part 1).7m

4.9. Example of Hessians (part 2).4m

4.10. Sufficient condition for a critical point to be a local maximum, a local minimum and neither of both.7m

4.11. Examples of finding and classification of critical points (part 1).6m

4.12. Examples of finding and classification of critical points (part 2).4m

4.13. Constrained optimization.9m

4.14. Lagrangian.5m

4.15. Example of constrained optimization problem.4m

1 practice exercise

Partial derivatives and unconstrained optimization.1h

Week

Week 5

3 hours to complete

Constrained optimization for n-dim space. Bordered Hessian.

Week 5 of the Course is devoted to the extension of the constrained optimization problem to the

3 hours to complete

13 videos (Total 99 min)

13 videos

5.1. Example of the solution of the constrained optimization.6m

5.2. Weierstrass theorem. Compact sets.7m

5.3. Bordered Hessian.9m

5.4. Constrained optimization in general case (part 1).5m

5.5. Constrained optimization in general case (part 2).6m

5.6. Application of the bordered Hessian in the constrained optimization.7m

5.7. Generalization of the constrained optimization problem for the n variables case.8m

5.8. Example of constrained optimization for the case of more than two variables (part 1).7m

5.9. Example of constrained optimization for the case of more than two variables (part 2).9m

5.10. Example of constrained optimization problem on non-compact set.5m

5.11. Theorem for determining definiteness (positive or negative) or indefiniteness of the bordered matrix.5m

5.12. Example of application bordered Hessian technique for the constrained optimization problem.8m

5.13. Example of violating NDCQ.10m

Week

Week 6

2 hours to complete

Envelope theorems. Concavity and convexity.

Week 6 of the Course is devoted to envelope theorems, concavity and convexity of functions.

2 hours to complete

11 videos (Total 85 min)

11 videos

6.1. Envelope Theorem.8m

6.2. Envelope Theorem for constrained optimization.4m

6.3. Examples of the Envelope Theorem application (part 1).7m

6.4. Examples of the Envelope Theorem application (part 2).6m

6.5. Interpretation of the Lagrangian multiplier.10m

6.6. Relaxing assumptions using second order conditions.8m

6.7. Concave and convex functions.7m

6.8. Concave and convex functions in n-dimensional case.7m

6.9. Inequality for concave function in n-dimensional space.9m

6.10. Criteria of concavity and convexity of the function in n-dimensional space.5m

6.11. Properties of concave functions.7m

Week

Week 7

3 hours to complete

Global extrema. Constrained optimization with inequality constraints.

Week 7 of the Course is devoted to identification of global extrema and constrained optimization

3 hours to complete

11 videos (Total 96 min)

11 videos

7.1. How to identify global extrema? (part 1)11m

7.2. How to identify global extrema? (part 2)10m

7.3. How to identify global extrema? (part 3)12m

7.4. How to identify global extrema? (part 4)10m

7.5. Constrained optimization with inequality constraints.8m

7.6. Binding constraints. Complementary slackness conditions.5m

7.7. Constrained optimization problem with inequalities for n-dimensional space.7m

7.8. Constrained optimization problem with inequalities. Theorem.6m

7.9. Example of solving constrained optimization problem with inequalities (part 1).9m

7.10. Example of solving constrained optimization problem with inequalities (part 2).10m

7.11. Example of solving constrained optimization problem with inequalities (part 3).3m

Week

Week 8

3 hours to complete

Kunh-Tucker conditions. Homogeneous functions.

Week 8 of the Course is devoted to Kuhn-Tucker conditions and homogenous functions. This

3 hours to complete

9 videos (Total 80 min)

9 videos

8.1. Kuhn-Tucker conditions.7m

8.2. Solving consumer choice problem using Kuhn-Tucker conditions (part 1).9m

8.3. Solving consumer choice problem using Kuhn-Tucker conditions (part 2).11m

8.4. Solving minimization costs problem using Kuhn-Tucker conditions (part 1).9m

8.5. Solving minimization costs problem using Kuhn-Tucker conditions (part 2).7m

8.6. Homogeneous functions.6m

8.7. Homogeneous functions. Two propositions.5m

8.8. Income-consumption curve.10m

8.9. Euler's Theorem.12m

1 practice exercise

Kuhn-Tucker conditions. Concavity, convexity.1h

Reviews

4.2

11 reviews

5 stars
61.22%
4 stars
18.36%
3 stars
6.12%
2 stars
4.08%
1 star
10.20%

TOP REVIEWS FROM MATHEMATICS FOR ECONOMISTS

by MIAug 31, 2019

The Best Course for Economists and Mathematicians and Coursera is an excellent platform for learners.

by CGDec 29, 2020

This course is very tough for me. I want to leave this course. Please, do the needful.

View all reviews

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Mathematics for economists

Mathematics for economists

About this Course

Instructor

Kirill Bukin

Offered by

HSE University

Syllabus - What you will learn from this course

Week 1

The basics of the set theory. Functions in Rn

Week 2

Differentiation. Gradient. Hessian.

Week 3

Implicit Function Theorems and their applications.

Week 4

Unconstrained and constrained optimization.

Week 5

Constrained optimization for n-dim space. Bordered Hessian.

Week 6

Envelope theorems. Concavity and convexity.

Week 7

Global extrema. Constrained optimization with inequality constraints.

Week 8

Kunh-Tucker conditions. Homogeneous functions.

Reviews

TOP REVIEWS FROM MATHEMATICS FOR ECONOMISTS

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Mathematics for economists

Mathematics for economists

About this Course

Instructor

Kirill Bukin

Offered by

HSE University

Syllabus - What you will learn from this course

Week 1

The basics of the set theory. Functions in Rn

Week 2

Differentiation. Gradient. Hessian.

Week 3

Implicit Function Theorems and their applications.

Week 4

Unconstrained and constrained optimization.

Week 5

Constrained optimization for n-dim space. Bordered Hessian.

Week 6

Envelope theorems. Concavity and convexity.

Week 7

Global extrema. Constrained optimization with inequality constraints.

Week 8

Kunh-Tucker conditions. Homogeneous functions.

Reviews

TOP REVIEWS FROM MATHEMATICS FOR ECONOMISTS

Frequently Asked Questions

Coursera Footer

Start or advance your career

Browse popular topics

Upskill your team

Earn a degree or certificate online

Coursera

Community

More