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University of Rhode Island — Environmental & Natural Resource Economics

EEC 518 – Mathematics for Economists
Course Information

Professor: Dr. Simona Trandafir
Semester: Fall
Credits: 2
Prerequisites: ECN 328 and MTH 131 or equivalent or permission of instructor

Catalog Description: Introduction to mathematical methods in economics and business. Economic applications of constrained and unconstrained optimization, matrix algebra, with illustrations from economics, finance, and environmental and natural resource economics

Course Goals & Outcomes

Mathematics is an important tool for all fields of study and all professions. In environmental economics, mathematics is essential in exploring new theoretical concepts and gaining insights into economic models. The primary goal of this course is to provide students with the much needed mathematical tools that will ultimately help them develop solutions to contemporary environmental problems.

By the end of the semester students will be able to:

• Have a strong command of matrix algebra, exponents, logarithms and calculus
• Apply these mathematical tools to optimization problems to be used in the core curriculum of graduate programs in economics, environmental and natural resource economics, finance, and statistics.
Course Syllabus

Class topics:

• Economic models
• Mathematical basics
• One-variable calculus: basics
• One-variable calculus: application
• Exponents and logarithms
• Calculus of several variables
• Matrix algebra
• Unconstrained optimization
• Constrained optimization

Dr. Simona Trandafir
Visiting Assistant Professor
Department of Environmental and Natural Resource Economics
211 Kingston Coastal Institute
Office: 401-874-2471
Fax: 401-782-4766
Email: simona@uri.edu

Dr. Trandafir is an environmental economist who specializes in transportation economics. Her current research interests are:

• container port competition;
• highway externalities and congestion pricing; and
• climate change.
Reasons To Take This Course

This course will provide you with the mathematical skills necessary for most graduate courses in economic theory, applications, and econometric methods.

This course is a requirement for the environmental and natural resource economics graduate program.