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    ECON262-Mathematical Applications For Economics: Section A

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    Haider Haroon
    This document outlines the details of Assignment 1 for the course ECON262 - Mathematical Applications for Economics. The assignment is due on February 17th at 4PM and is worth a total of 140 marks. Section A involves solving practice problems from the textbook. Section B involves solving two systems of equations using Gaussian elimination and matrix inversion, and discussing the computational advantages of each method. Section C involves working with elementary matrices and using a graphical example to illustrate the five properties of the determinant.

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    ECON262-Mathematical Applications For Economics: Section A

    Uploaded by

    Haider Haroon
    20 views3 pages
    This document outlines the details of Assignment 1 for the course ECON262 - Mathematical Applications for Economics. The assignment is due on February 17th at 4PM and is worth a total of 140 marks. Section A involves solving practice problems from the textbook. Section B involves solving two systems of equations using Gaussian elimination and matrix inversion, and discussing the computational advantages of each method. Section C involves working with elementary matrices and using a graphical example to illustrate the five properties of the determinant.

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    ECON262+-+Assignment+1 (1)

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    This document outlines the details of Assignment 1 for the course ECON262 - Mathematical Applications for Economics. The assignment is due on February 17th at 4PM and is worth a total of 140 marks. Section A involves solving practice problems from the textbook. Section B involves solving two systems of equations using Gaussian elimination and matrix inversion, and discussing the computational advantages of each method. Section C involves working with elementary matrices and using a graphical example to illustrate the five properties of the determinant.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    20 views3 pages

    ECON262-Mathematical Applications For Economics: Section A

    Uploaded by

    Haider Haroon
    This document outlines the details of Assignment 1 for the course ECON262 - Mathematical Applications for Economics. The assignment is due on February 17th at 4PM and is worth a total of 140 marks. Section A involves solving practice problems from the textbook. Section B involves solving two systems of equations using Gaussian elimination and matrix inversion, and discussing the computational advantages of each method. Section C involves working with elementary matrices and using a graphical example to illustrate the five properties of the determinant.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    ECON262- Mathematical Applications for Economics

    Assignment 1

    Submission: 17th February 4PM

    Total marks: 140

    Section A

    1. Do the following questions from Alpha C. Chiang and Kevin Wainwright. Fundamental Methods of
    Mathematical Economics. 4th Edition: (60 marks)

    o Exercise 2.3 – 3, 8
    o Exercise 2.4 – 2, 3
    o Exercise 2.5- 1, 2

    o Exercise 3.4 – 3
    o Exercise 3.5 – 1, 2
    o Exercise 4.1 – 3 ,4, 5
    o Exercise 4.2 – 3 ,6, 8
    o Exercise 4.3 – 2 ,7
    o Exercise 4.6 – 2 ,3, 6
    o Exercise 5.3 – 1, 2, 4, 5, 6, 7
    o Exercise 5.5 – 3
    o Exercise5.6 – 2

    Page 1 of 3
    Section B

    1. Solve the following system of equations using (30 marks)

    a. Gaussian Elimination with back substitution or Gauss-Jordan elimination


    b. Matrix inversion

    a+b+6d= 9
    3a+3b-2c+d=0
    9a-2b+c+7d= 3
    a+b+3c-d=7

    Now solve the following system of equations (look carefully at the equations) using
    c. Gaussian Elimination with back substitution or Gauss Jordan elimination
    d. Matrix inversion
    a+b+6d= 2
    3a+3b-2c+d=2
    9a-2b+c+7d= 0
    a+b+3c-d=2

    You may state results found in previous parts to skip steps in subsequent parts.
    Given your operations what computational advantage might matrix inversion have over Gaussian
    or Gauss-Jordan elimination?

    2. The following are examples of what are known as Elementary Matrices. Elementary matrices
    can be used to carry out elementary row operations. (30 marks)

    a. Pre-multiply each one with and state what effect it has on it.
    b. Express the Gaussian elimination in question 1a in terms of elementary matrices.

    Page 2 of 3
    0.5 2
    3. Using the matrix (−1 1)
    as an example and the explanation of the determinant given in the

    video shared on LMS (as the area of the transformed unit square). Graphically show how the 5
    properties of the determinant given in Section 5.3 (Page 94-6) make sense. (20 marks)

    Page 3 of 3

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