Teaching Mathematics for Economists arxiv.org/abs/2505.22671

Teaching Mathematics for Economists

In this chapter, I discuss teaching mathematical tools specifically tailored for economics students. A typical one-semester course in this area seeks to blend a range of topics: from foundational elements of subjects such as linear algebra and multivariate calculus to intermediate areas like real and convex analysis and further into advanced topics such as dynamic optimization in both continuous and discrete time. This breadth of coverage corresponds to material usually spread across multiple years in traditional mathematics programs. Given the comprehensive nature of these courses, careful selection of topics is essential, balancing numerous trade-offs. I discuss potential course sequences and instructional design choices. I then focus on conceptualizing and explaining mathematical modeling in economics. I reflect on three years of teaching an advanced undergraduate course in mathematical methods online. The latter part of the chapter offers examples and visualizations I have found particularly beneficial for imparting intuition to economics students. They cover a range of topics at different degrees of difficulty and are meant as a resource for instructors in Mathematics for Economists. Among these, I use the Ramsey model as a recurring example, especially relevant when designing a mathematical tools course with an orientation towards preparing students for macroeconomic analysis.

arXiv.org

Aggregation of vortex structures in 2D: the blob-wave system and its role in zonal flows arxiv.org/abs/2505.22700

Departure time choice user equilibrium for public transport demand management arxiv.org/abs/2505.18202

Departure time choice user equilibrium for public transport demand management

Departure time management is an efficient way in addressing the peak-hour crowding in public transport by reducing the temporal imbalance between service supply and travel demand. From the demand management perspective, the problem is to determine an equilibrium distribution of departure times for which no user can reduce their generalized cost by changing their departure times unilaterally. This study introduces the departure time choice user equilibrium problem in public transport (DTUE-PT) for multi-line, schedule-based networks with hard train capacity constraints. We model the DTUE-PT problem as a Non-linear Mathematical Program problem (NMP) (minimizing the system gap) with a simulation model describing the complex system dynamics and passenger interactions. We develop an efficient, adaptive gap-based descent direction (AdaGDD) solution algorithm to solve the NMP problem. We validate the methodology on a multi-line public transport network with transfers by comparing with classical public transport assignment benchmark models, including Method of Successive Average (MSA) and day-to-day learning methods. The results show that the model can achieve a system gap ratio (the solution gap relative to the ideal least cost of an origin-destination option) of 0.1926, which significantly improves the solution performance from day-to-day learning (85%) and MSA (76%) algorithms. The sensitivity analysis highlights the solution stability of AdaGDD method over initial solution settings. The potential use of DTUE-PT model is demonstrated for evaluating the network design of Hong Kong mass transit railway network and can be easily extended to incorporate the route choice.

arXiv.org
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