Economics at Zero Marginal Cost

 

 

 

MATHEMATICAL METHODS FOR ECONOMICS - II  Unit - I: Linear Algebra Vector and vector space Matrix representation and types Elementary operations and their properties Determinants: Definition and properties Solution of linear equations: Matrix inverse method Cramer’s rule Rank of a matrix Unit - II: Functions of Several Variables and Multi-variable Optimization Differentiable functions Homogeneous and homothetic functions Implicit Function Theorem and application Unconstrained Optimization : Solution using calculus Application Constrained optimization with equality constraints: Lagrange multiplier Application Numerical Problems & Solutions: Extreme Values of a Function of Two Variables - Minimum Value and Saddle Point (2 Critical points) Extreme Values of a Function of Two Variables - Minimum Value (One Critical Point) Extreme Values of a Function of Two Variables - Maximum Value (One Critical Point) Unit - III: Differential and Difference...