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Mathematics for economics (UD)

Goals

- To develop logical thinking.
- To give the student a mathematical concepts necessary for a quantitative treatment of economic problems.

Syllabus

1. Functions of n variables
1.1. Examples: utility function, production function
1.2. Partial derivatives and its use (direct and indirect utility function, the profit function, production function)
1.3. Differential and its use
2. Taylor series for function of two variables (an approximation of the second and third order)
3. Analysis of functions of n variables
3.1. Hessian matrix (convexity, concavity)
3.2. Optimization and constrained optimization (maximization of utility , minimization of costs)
3.3. Karush-Kuhn-Tucker
3.4. Graphical solutions of linear programming
4. Integrals of functions of two variables (calculating consumer surplus, social welfare)
5. Matrix decomposition (eigenvalues and eigenvectors)

Contacts

Liljana Ferbar Tratar

Office hours

Monday at 12:00

room RZ-303

Business portrait of Liljana Ferbar Tratar in the green atrium of the School of Economics and Business on a sunny day in June 2024

Matjaž Koman

Office hours

Thursday at 11:15

room RZ-307

Dear students. I will have office hours only by prior appointment via email. Regards. Matjaž Koman

Business portrait of Matjaž Koman in the green atrium of the School of Economics and Business on a sunny day in June 2024