Mathematical Economics pdf PDF

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Mathematical economics semester 2 complementary course for 2019...

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MATHEMATICAL ECONOMICS-II STUDY MATERIAL

SECOND SEMESTER

COMPLEMENTARY COURSE : MEC2C02

For B.Sc. MATHEMATICS (2019 ADMISSION)

UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION Calicut University P.O, Malappuram, Kerala, India 673635

19555

School of Distance Education

UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION

STUDY MATERIAL SECOND SEMESTER

B.Sc. MATHEMATICS (2019 ADMISSION)

COMPLEMENTARY COURSE :

MEC2C02 : MATHEMATICAL ECONOMICS - II

Prepared By : Kishor R, Assistant Professor on Contract, School of Distance Education.

Scrutinized By : Shihabudeen M T, Assistant Professor, Dept. of Economics, Farook College. .

Mathematical Economics - II

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Module 1 2 3 4

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MODULE 1

Income inequality is the disposing in the distribuIon of income or wealth. When income inequality there is a wide gap between the wealth of one populaIon segment to another segment.

5 Loerenz curve is the graphical representaIon of the distribuIon of income or wealth.It was developed by Max Lorenz.

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Steps 1. Collect data on populaIon and income 2. Sort the income distribuIon by income level 3. Find the proporIon of income owned by each individual and proporIon to total proporIon. 4. Calculate the cumulaIve proporIon of income and the cumulaIve proporIon of populaIon. 5. Represent proporIon of income on the axis and cumulaIve proporIon on x- axis 6. Draw the equality line CA diagonal line joining O on the x- axis with 100 on the y axis. 7. Plot cumulaIve percentage of populaIon on horizontal axis and cumulaIve proporIon of income on verIcal axis

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That is, Gini coefficiente =Shaded are A/Total area OXY

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MODULE 2

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MODULE 3

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IntroducIon The economic impact of one secIon of an economy is measured by input-output model. It provides a systemaIc structure of an economic system detailed dis aggregated view of the producIve process. It analyses how the final demand for output is related to the requirements ploded on individual industries. AssumpIons 1.There is a single process of producIon 2.Zero subsItuIon amend inputs 3.The industries are governed by constant returns to scale.

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Step 1

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