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Minimal_Math_Concepts_for_Economists_v3

Minimal_Math_Concepts_for_Economists_v3 - OVERVIEW OF Math...

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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. 1
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