Mathematics in Economics

Block 2 - Differential calculus


Keywords

function, derivative, extremes, monotonicity, marginal variables, revenue function, cost function.

You will learn

- how to determine functions' properties

- how to determine functions' extrema

- how to take first and second derivatives of elementary and more complex functions

- how to apply derivateves in economics.

You will achieve

- knowledge how to evaluate functions' properties

- ability to take derivatives and apply them to find extrema

- abililty to apply derivatives in the economic context.

Materials (lecture notes) from the in-person classes: