Week 12-13: Calculus of Multivariable Functions in Economics
Marginal Productivity, Income determination, multipliers and comparative statics, Income and cross price elasticities of demand, differentials and incremental chnages, optimization of multivariable functions in economics, Constrained optimization of multivariable functions in economics, homogeneous production functions, returns to scale, optimazition of Cobb-Douglas Production Functions, optimization of constant elasticity of substitution production functions.
Course Material
- Week 1-2: Economics applications of graphs and Equations
- Week 3-4: Uses of derivative in Economics
- Week 5-6: Uses of Derivative in Economics
- Week 7-8: Exponential and Logarithmic Functions
- Week 9: Mid Term Exam
- Week 10-11: Calculus of Multivariable Functions in Economics
- Week 12-13: Calculus of Multivariable Functions in Economics
- Week 14-15: Matrices, Determinants and their use in Economics
- Week 16-17: Matrices, Determinants and their use in Economics
- Week 18: Final Exam
- Chapters 10
- Department Mathematics
- Teacher
Mr. Rajinder Parkash
