Mathematical economics: Difference between revisions
wikademia>Remi see also - school - economics |
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[[Category:Economics]] | [[Category:Economics]] | ||
[[Category:Mathematics]] | [[Category:Mathematics]] | ||
== External links == | |||
[http://www.elsevier.com/cgi-bin/cas/tree/store/mateco/cas_free/browse/browse.cgi?key=mkwa Keyword list from Journal of Mathematical Economics] | |||
*[http://www.ma.hw.ac.uk/~des/HWM00-26.pdf Wealth Condensation in Pareto Macro-Economies] | |||
Revision as of 02:34, 17 March 2008
The Mathematics and Economics are totally linked, One uses Differentiation and Integration to find the Elasticities of Demand and Supply.
Following are few Examples:
If the total cost of the firm is given by TC(x) = x3 + 5x + 6 and the target is find the Marginal Cost.
Then use derivative of C with respect to x i.e. d(TC)/dx = 3x2 + 5.