Billy Foster, PhD

Billy Foster

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Quotations

Ask a physicist how long it would take a bowling ball to land if you dropped it from the roof of your house. He will happily assume that your house is located in a vacuum, and then proceed to calculate the right answer. Ask an engineer to predict the path of a billiard ball after it is struck at a certain angle. He will assume that there is no such thing as friction, and the accuracy of his prediction will give him no cause for regret. Ask an economist to predict the effects of a rise in the gasoline tax. He will assume that all people are rational and give you a pretty accurate response. — Steven E. Landsburg, The Armchair Economist (1993)

Posts Tagged ‘mathematical economics’

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

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