OVERVIEW OF
Math Concepts that All Economics Students
Should Know
After Completing Math 1309
And Preparing to Enter
ECO 3301: Intermediate Microeconomics
Compiled by
Professors Tom Fomby, Santanu Roy, and Shlomo Weber
of the Department of Economics
and
Professor Gary Moskowitz
Cox School of Business
May 27, 2009
The list of topics covered here is not meant to be exhaustive.
They represent an intermediate level
of knowledge in basic
math and calculus that is needed for a beginning level
of
understanding for students taking a rigorous Intermediate
Microeconomics course (ECO 3301).
More advanced
microeconomic concepts, for example, level curves, isoquants,
indifference curves, iso-profit curves, constrained optimization,
Lagrangian multipliers, equi-marginal principles of
consumption and production, expansion paths, indirect utility,
and Shephard’s lemma are topics for later study in
intermediate and advanced microeconomics.
However, given
knowledge of the basic mathematical topics discussed below,
the above mentioned advanced microeconomic topics can
easily be presented and discussed in the Intermediate
Microeconomics course proper.
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