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The study of economics does not seem to

require any specialised gifts of an unusually

high order. Is it not, intellectually regarded, a
very easy subject compared with the higher
branches of philosophy and pure science?
Yet good, or even competent, economists
are the rarest of birds. An easy subject, at
which very few excel! The paradox finds its
explanation, perhaps, in that the mastereconomist must possess a rare combination of
gifts. He must reach a high standard in several
different directions and must combine talents
not often found together.

Economics 2
L Cagandahan Abueg
De La Salle University Manila
School of Economics

He must be mathematician,
historian, statesman, philosopherin
some degree. He must understand
symbols and speak in words. He
must contemplate the particular in
terms of the general, and touch
abstract and concrete in the same
flight of thought. He must study the
present in the light of the past for the
purposes of the future. No part of
man's nature or his institutions must
lie entirely outside his regard.

Me, myself, and I

Email addresses:

A. Marshall

Consultation details:
Department of
Economics, L207
by appointment
c/o Leslie Paule

J.M. Keynes

Keynes, J [1924] Alfred Marshall, 1842-1924.

Economic Journal 34(135).

About the course

Second of the two undergraduate
mathematical economics courses
for all degree programs of SOE
Course credit: 3 units
Mathematical Economics 1
Introduction to Macroeconomics

House rules
Three noncumulative examinations,
total of 75 points.
Homework, total of 25 points. Late
submissions will merit deductions, or
may not be accepted for submission.
All lectures will be uploaded (in
portable document format [pdf]):

Warning: I deduct significant points to

students with bad English.

Outline of topics1

Grading scale

minimum grade to
pass the course

Class standing
in total points
92.00 100.0
85.00 91.99
78.00 84.99
71.00 77.99
64.00 70.99
57.00 63.99
50.00 56.99
00.00 49.99

0. Mathematical preliminaries
(reading assignment)2
1. Elements of linear algebra
2. Input-output models
3. Linear programming
4. Nonlinear programming


Please see course syllabus for the details.

Yes, there is a chapter zero: same as in MATECO1.

Major references3

Details are to be found on the course syllabus; see also section on further
reading (of course, possible references are not limited by this list).

Index card
3 x 5 white (do not use other colors)
2 x 2 colored picture
Complete all necessary information
(a sample is shown in the next slide)
Index cards with incomplete
information or did not follow the
specifications will not be accepted
Deadline: one week after first day of
classes (to be submitted in class)

Rolando A Danao
Professor Emeritus
UP School of Economics

I cannot emphasize too

strongly the importance
of working out the
problems. It is an
invigorating mental
exercise whose rewards
include gains in
analytical power, correct
habits of mathematical
reasoning, and
protection against
unsafe application of

Index card

Luisito C. Abueg

course [program]

PhD Mathematics
mobile number

0916 123 4567



Please bear in mind the following:
i. NO incentives of whatever form
apart from those requirements
related to mathematical economics.
This is self-explanatory.
ii. NO extra work after the grand finals.
Also, all course requirements should
be submitted promptly.
Do not try to do anything for the
above to be reconsidered. Please.

Group output (homework)

All groups will have most six (6)
No one is allowed to transfer to
another group within the term.
All groups are fixed in terms of
member composition.
Any group member who does
not contribute significantly must
be reported immediately.