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Economics 214 Lecture 19 Univariate Calculus
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At the Margin There is a direct correspondence between the mathematical concept of the derivative and the economic concept of considering decisions made “at the margin,” the point where the last unit is produced or consumed. This correspondence makes differentiation, which is the evaluation of a derivative, one of the core mathematical techniques in economics.
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Derivative Univariate Function
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Sum-Difference Rule
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Proof of Sum-Difference Rule
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Example Sum-Difference Rule
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Scalar Rule
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Example Scalar Rule
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Product Rule
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Example Product Rule
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Extension of Product Rule
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Power Rule
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Examples of power Rule
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Exponential Function Rule
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Critical limit
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Derivate of e x
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Growth Rate
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