Google Answers Logo
View Question
 
Q: Microeconomic Theory - Andreu Mas-Colell.. math pre-requisite questions?? ( Answered,   0 Comments )
Question  
Subject: Microeconomic Theory - Andreu Mas-Colell.. math pre-requisite questions??
Category: Business and Money > Economics
Asked by: buddy80-ga
List Price: $10.00
Posted: 12 Dec 2003 09:01 PST
Expires: 11 Jan 2004 09:01 PST
Question ID: 286360
Hi all
I'll be starting an advanced microeconomics course next semester using
the Microeconomic theory book by Andreu Mas-Colell

I want to brush up on the math needed to do this course, however I
have no clue what topics in math (or where to find them) are needed
for this course.
(I havent recieved the the textbook yet either, I have completed
calculus courses previously, so im familliar with calc)

So if anyone who has done a similar course can provide me the topics
of math to study and possible links to examples or lessons on the web,
i would be most appreciative!!!!

Thanks!
Answer  
Subject: Re: Microeconomic Theory - Andreu Mas-Colell.. math pre-requisite questions??
Answered By: hibiscus-ga on 12 Dec 2003 15:01 PST
 
Hi Buddy80, 

I see from a previous question of yours that you are a third year econ
student.  I hope it's going well for you.

Advanced Micro is a difficult course, there's no denying it.  In the
econ program I was in it was considered to be the hardest course in
the degree.  It's not really an issue of the difficulty of the math,
but more one of figuring out how to apply it to the models you know
already.

While I'm not familiar with that particular text I have briefly looked
through the table of contents and a few of the pages and it looks
quite similar to the one I used.  You shouldn't encounter anything
more than what you would know from a couple of basic calculus courses,
and maybe some linear algebra would be useful.  A large part of the
course will involve constrained optimizations using Lagrangians, so
you may want to brush up on that.  Once you have the hang of them it's
really quite easy.  You will probably also do some analysis of risk
and uncertainty but this shouldn't require anything more than you
already know.

There are some comments specific to this book at Amazon.com here:
http://www.amazon.com/exec/obidos/tg/detail/-/0195073401/ref=pd_cart_beg/searchengin07-20/103-2772523-6923848?v=glance&hmac=eYlZmASL/Ay+b3V4uTuOxIwQM98=&dev-t=D3640U3GS53SRF
that basically agree with my view that the math you need isn't hard. 
There is a huge amount of math in the course, so it's not easy, but
it's really the application part that's hardest, not the math itself. 
I took the course with a group of math majors and they had a hard time
because they couldn't figure out how to apply the math to the
problems.  Once the problems were laid out for them they breezed
through them.

I wish you the best of luck with the course.  I hope you have an
easier time of things than I did!

Hibiscus

Request for Answer Clarification by buddy80-ga on 14 Dec 2003 09:58 PST
okay so it would be

multivariate calculus 
is this what i should know for multivariable calc?
http://www.math.gatech.edu/~cain/notes/calculus.html
im looking for a bit more of an explanation since its a big subject

linear algebra 
set theory 
Kuhn-Tucker theorem

Clarification of Answer by hibiscus-ga on 14 Dec 2003 15:43 PST
The things you need for Advanced Micro are nothing like as complicated
as what are listed on the link you provided.  Basically you need to
know differentiation, both full and partial, optimization, and maybe
some simple integration.  You are unlikely to need more than that.  If
you've done first year calculus you won't have any trouble.

As I say, the one thing that may be new to you are constrained
optimizations using Lagrangians.  If you've taken a Math Econ course
you're probably familiar with this already, but a brief explanation
can be found here: http://www.ex.ac.uk/~dgbalken/micro/imen8.pdf

I hope this helps you out.

Hibiscus
Comments  
There are no comments at this time.

Important Disclaimer: Answers and comments provided on Google Answers are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Google does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. Please read carefully the Google Answers Terms of Service.

If you feel that you have found inappropriate content, please let us know by emailing us at answers-support@google.com with the question ID listed above. Thank you.
Search Google Answers for
Google Answers  


Google Home - Answers FAQ - Terms of Service - Privacy Policy