Certificate Course in Mathematics for Economic analysis

Understanding the growing demand for data analysis skills in the field of economics, finance, insurance & corporate sector, Department of Economics has designed the certificate course on Mathematics for Economic Analysis. This course will cover the concepts of mathematics that are used by economists.

The course will be taught in an intuitive manner, encouraging students to learn mathematics as a language that is used to express economic phenomena. The course will cover a number of problems and real world applications of concepts. Students will be expected to submit assignments at frequent intervals during the course as well as a final project at the end of the course.

  • Open to all with a curiosity to learn mathematics & its applications, particularly in Economics
  • Minimum qualification is 12th standard pass from any stream

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Key Information


Admission :First Come first serve basis

No of credits :2 {Credits (along with certificate)will be granted only to the students of K J Somaiya college of Arts & Commerce, Vidyavihar, Outside participant will be given certificate of participation after successful completion of the course}

Duration : 30 Hours

Seats : 50 Maximum

Timings for the Course :TBA

Course Coordinator :Dr. Shubhangi B. Patil

Learning Outcomes

By the end of the course learner will be able to
  • CO1. Understand basic rules of mathematics with reference to economics
  • CO2. Understanding economics that is presented in a mathematical fashion as well as expressing their own ideas in a mathematical form.
  • CO3. Comprehend mathematical tools for economic analysis
  • CO4. Apply mathematical tools to a number of economic theories such as the basic laws of demand and supply, price elasticity, income distribution and optimization problems.


Module I- Introduction (3 Hours) Module II: Single Variable Functions (5 Hours)
Why economists use mathematics; use of symbols in mathematics, the real number system, Basic rules in mathematics- exponents, powers, logs, etc. Single variable functions- Concept of a function, Linear functions, Graphs of linear functions, Applications of functions in Economics and Optimization problems
Module III: Multivariable functions (9 Hours) Module IV: Single Variable Differentiation (6 Hours)
Quadratic functions, Polynomials, Power functions, Exponential functions, Logarithmic functions- Concept, graphs and applications of all functions in Economics Geometric concept of differentiation, Basic Rules of Differentiation, Second and higher order derivatives; Applications of Derivatives Economics- finding maxima/minima, convex and concave functions, elasticities etc.
Module V: Advanced Differentiation and Partial Derivatives (6 Hours) Module VI: Integration (5 Hours)
The Chain rule in differentiation, Differentiation of log and exponentials, Partial Derivatives and its applications in Economics Concept of Integrations, Basic Rules of integration, Applications of Integration in Economics, Income Distribution and Lorenz curve

Yamane Taro “Mathematics for economists”

Mathematics for Economists by C.P. Simon.

Chiang A.C. and Wainwright K. “Fundamental Methods of Mathematical Economics”

Method of Evaluation

  • Attendance requirements: 90% minimum
  • Assignment: 1 Pre-evaluation, 1 post evaluation
  • Project: Case study and live project with industry
Certificate will be issued to only those candidates who will meet attendance requirements and completed the assignments and projects.