
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

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
