Course Title: Linear Algebra for Economists
Course Code: Econ 1012
Course Contents, Lecture hours and Reading materials
Course Contents Lecture Reference Materials
Hours
1. Matrix Algebra 12 hours Chiang (1984), p. 54-
1.1. Introduction 102
1.2. Matrix Operations Dowling (1980), p. 244-
1.3. Special Matrices 281, 287-289
1.4. Determinants Yamane (2002), p. 348-557
1.5. Matrix Inversion Bhardwaj (2005), p. 2.1-
1.6. Partitioned Matrices 2.40
2. Systems of Linear Equations 9 hours Chiang (1984), p.103-123
2.1. Matrix Representation of Linear Equations Bhardwaj (2005), p. 2.41-
2.2. Solving Systems of Linear Equations 2.74
2.2.1. Gaussian Elimination Sydaster, ch. 14 & ch. 15,
2.2.2. Gauss-Jordan Method p. 419-445
2.2.3. Inverse Method
2.2.4.
3. Special Cramer’s Rule
Determinants & Matrices in Economics 6 hours Sydaster, ch. 2, p. 27-40
3.1. Introduction Dowling (2001), p. 262-
3.2. The Jacobean Determinant 283
3.3. The Hessian Determinant
4. 3.4. Eigen vectors
Input-output and Eigen
analysis valuesProgramming
and Linear 21 hours Bhardwaj (2005) sec 2.74-
4.1. Input-output model (Leontief Model) 2.87, and 10.1-10.42
4.1.1. Introduction Chiang (1984), p. 121-130,
4.1.2. Assumptions of Input Output Models and p. 651-709
4.1.3. The Open Model Dowlig (1980), p. 286-287,
Course Policy:
Late coming is not allowed and no student is allowed to enter after class has started.
Duplication of assignments is strictly forbidden; it entails serious penalty.
Assignments are required to be submitted before or on the deadline.
Cheating during exam sessions results in a minimum of “F “grade while cheating in quizzes
and tests is subjected to a zero mark. All cheating cases will be reported to the department for
further considerations.
Students should switch off their cell phones while they are in class and must keep their cell
phones switched off during all kinds of exam sessions.
students must attend 80% of the class for the course. Failure to attend 80% of the class will
not allow the student to sit for the final exam.
Missing a quiz without convincing evidences will earn the students a grade of zero marks in
that specific quiz
References:
1. Chiang, Alpha C. (1984), FundamentalMethods of Mathematical Economics, McGraw-Hill,
Inc
2. Bhardwaj, R. S. (2005) Mathematics for Economics and Business, Excel Books.
3. Knut Sydæster and Peter Hammond: Mathematics Essentials for Economic analysis. Ethiopian
Edition
4. Knut sSdæster and Peter Hammond: Further Mathematics for Economists. Ethiopian Edition
5. Yamane, T. (2002), Mathematics for Economists: An Elementary Survey, 2nd ed., Prentice-
Hall.
6. Dowling, E.T., (1980), Mathematics for Economists (Schaum's Outline Series), Mc Graw-Hill
7. Kapoor,V. k. (2002), Introductory Mathematics for Business and Economics, Sultan & Sons:
New Delhi
8. Monga, G.S. (1972), Mathematics and Statistics for Economics, Vikas Publishing House.
9. Bowen, E.K., et al., (1987), Mathematics with Applications in Management and Economics,
6thed., Irwin Inc.
