Billy Foster, PhD

Billy Foster

Clinical Assistant Professor of Economics at

Find me on:

           

Quotations

The state — or, to make matters more concrete, the government — consists of a gang of men exactly like you and me. They have, taking one with another, no special talent for the business of government; they have only a talent for getting and holding office. Their principal device to that end is to search out groups who pant and pine for something they can’t get, and to promise to give it to them. Nine times out of ten that promise is worth nothing. The tenth time it is made good by looting ‘A’ to satisfy ‘B’. In other words, government is a broker in pillage, and every election is a sort of advanced auction on stolen goods. — Henry Louis Mencken, Prejudices, First Series (1919)

Mathematical Economics

Introduction to Mathematical Economics
Course number:
UIC – ECON 345

FULL SYLLABUS (.pdf)

“As far as the laws of mathematics refer to reality, they are not certain; and as far as they are certain, they do not refer to reality.”

- Einstein, Albert (1923) from Sidelights on Relativity (Geometry and Experience)

INTRODUCTION

This class focuses on the mathematical analysis of microeconomic theory, specifically the mathematical treatment of price theory and the behavior of consumers and firms. Students in this course should have taken and understood both Finite Mathematics for Business and Intermediate Microeconomics.

REQUIRED TEXTS

Mathematics for Economics, Third Edition (March 4, 2011)
Michael Hoy et al.
Publisher: The MIT Press
ISBN-13: 978-0262015073

Schaum’s Outlines: Introduction to Mathematical Economics, Third Edition (August 30, 2000)
Edward Dowling
Publisher: McGraw-Hill
ISBN-13: 978-0071358965

Comments are closed.