Math Review for Economics
A comprehensive overview of math topics for incoming Master of Science in Economics Students
Format
- Each session below contains a video covering the listed topics.
- Each video has homework problems you should attempt after watching the video.
Workshop Content
Linear Functions
- Different forms for the equation of a line
- Graphs and properties of lines
- Slope of lines
- Solving linear equations
- Solving systems of two linear equations
- Properties of exponents applied to power and exponential expressions
- Multiplying and simplifying power expressions and exponential expressions
- Nested exponents and distributing exponents across multiplication and division
- Simplifying expressions with power and exponential functions
- Explaining the basic terminology and rules of logarithms
- Explaining the basic properties of logarithmic functions such as the graph, domain, range, end behavior, asymptotes, and đť‘Ą-intercepts
- Expanding or condensing logarithmic expressions using the logarithm rules
- Rules for derivatives
- Power rule
- Product and Quotient Rule
- Chain Rule
- Finding the derivatives of functions with the natural exponential function and general exponential functions
- Derivatives of logarithmic functions including the natural logarithm
- Combining the derivative rules for logarithmic functions with the other derivative rules such as the product, quotient, and chain rule
- The definition of a function of two variables
- The graph of a function of two variables with domain D and range R
- The level curves of a function of two variables
- The definition the partial derivative of \(f(x,y)\) with respect to \(x\) and \(y\)
- The geometric interpretation of the partial derivative
- Higher order partial derivatives and Clairaut’s Theorem
- Using the first derivative to determine where a function is increasing and decreasing
- Using the First Derivative Test to find the local maximums and local minimums of a function
- Using the second derivative to determine where a function is concave upward and concave downward and to find all inflection points
- Using the Second Derivative Test to find the local maximums and local minimums of a function
- The Second Derivative Test for Local Extrema
- Local and absolute extrema of a function \(z=f(x,y)\)
- Extreme Value Theorem for Functions of Two Variables
- Using the first derivative to determine where a function is increasing and decreasing
- Using the First Derivative Test to find the local maximums and local minimums of a function
- Using the second derivative to determine where a function is concave upward and concave downward and to find all inflection points
- Using the Second Derivative Test to find the local maximums and local minimums of a function
- Finding an antiderivative
- Solving an indefinite integral
- Finding a function from its derivative and a given function value
- Properties of definite integrals
- Integral comparison properties
- The Fundamental Theorem of Calculus
- Evaluating definite integrals
- Finding the area between curves
- The Substitution Rule
- The Substitution Rule for definite integrals
- Integrating symmetric functions
- Using integration by parts to solve integrals
- Using integration by parts multiple times and possibly having the original integral reappear in the solution
- Kolmogorov’s Axioms
- Discrete Uniform Probability Spaces
- Complement Rule
- Monotonic Property and Inclusion & Exclusion
- Conditional Probability
- Law of Total Probability
- Bayes' Formula
- Independence of Two Events
- Complement of Independent Events Conceptual
- Independence of Events
- Bernoulli Trials
- Discrete Random Variable
- Probability Distribution and Probability Mass Function
- Functions of Random Variables
- Cumulative Distribution Function
- Expectation
- Variance and Standard Deviation
- Properties of Expectation and Variance
- Continuous Random Variable and Probability Density Function
- Probability Density Function
- Expectation of Continuous Random Variable
- Uniform Probability Density Function