Teaching plan

  • Notice that some Maths 3 lectures are put up here, in order to offer you more teaching for the optimization part of the course. These Maths 3 lectures are indicated under the ?Place? heading (I do not have access to change headings). Maths 3 times are Tuesday 1015–1200, Wednesday 1215–1400, both in auditorium 2.

  • In the references to Lecture notes / comments English: the ?EMEA? abbreviation is to the English ?Essential Mathematics for Economic Analysis?, 3rd or 4th edition. The references in slanted font is for those who choose to use the Norwegian books: MA1 (med ref. til 7. og 8. utgave), MA2, LA.

  • This version October 28th, updated the October 29th lecture up past the November 1 message :-o
Updates (corrections and other) will be announced on the course home page http://www.uio.no/studier/emner/sv/oekonomi/ECON4120/h12/ .

Date Teacher Place Topic Lecture notes / comments
20.08.2012 BD? ? Introduction to the course; Exponential and logarithmic functions (review); Interest and present values ? exp and ln: Basic properties will be reviewed. Read: EMEA 4.9—4.10, 6.10—6.11 / MA1 3.9–3.10, 5.10–5.11.

Interest rates ('annual' vs 'monthly' rate, 'annual' vs 'monthly' accumulation): EMEA 10.1—10.3 / MA1 8.1–8.3 ?

23.08.2012 BD? ? Limits and continuity; Indefinite expressions.? Limits and continuity: EMEA 7.8—7.9 / MA1 6.1–6.3 .

Indefinite expressions (limits that tend to '0/0' etc.): EMEA 7.12 / MA1 6.4 (som var 6.5 i 7. utg).?

27.08.2012 BD? ? Elasticities. Elasticity of substitution. Finding elasticities of implicit functions.? EMEA 7.7, 11.8, 12.5 / MA1 5.12, 11.8, 12.5 (gml. utg.: 5.12–5.13, 11.11, 12.7)

Note: This topic used to be at the very end of the course, but is now moved due to needs of other courses. The precise content might have to be adjusted.?

30.08.2012 NCF? ? Maxima and minima. (Review.)? EMEA 8.1—8.7, 13.1—13.2 / MA1 9.1–9.7 (kort repetisjon), 13.1–13.5 (ikke 13.5 i gml. utg.) ?
03.09.2012 NCF? ? Constrained maxima and minima: Lagrange I (review.)? EMEA 14.1—14.4 / MA1 14.1–14.4 ?
06.09.2012 NCF? ? The extreme value theorem. Sufficiency with Lagrange's method? EMEA 13.5, 14.5—14.7 / MA1 13.5, 14.5–14.6, deler av MA2 8.7–8.8, 8.10–8.11

The ECON2200 conditions are of the 'necessary' type. There are some (not too strong!) sufficient conditions. Otherwise, we might try to apply the extreme value theorem to ensure existence. ?

10.09.2012 NCF? ? Nonlinear programming: optimization under inequality constraints? EMEA 14.8—14.9 (&14.10 in 4th ed.) / deler av MA2 8.7–8.8, 8.10–8.11

Kuhn--Tucker's necessary conditions give a bit more information than just solving for interior stationary points and then using Lagrange on the boundary.?

12.09.2012 NCF? *Maths 3 lecture – recommended*? Nonlinear programming? This Maths 3 lecture will elaborate on Kuhn–Tucker's conditions. Recommended for Maths 2 students.?
13.09.2012 NCF? ? Nonlinear programming: sufficient conditions and sensitivity? EMEA 14.8—14.9 (&14.10 in 4th ed.) / deler av MA2 8.7–8.8, 8.10–8.11

More Kuhn--Tucker. With sufficient conditions and sensitivity (the envelope theorem).?

17.09.2012 NCF? ? The intermediate value theorem; Introduction to integration.? If f(a)<0<f(b) and f is continuous on [a,b], then it has a zero somewhere between a and b -- without the need to find it. Read: EMEA 7.10 (not Newton's method) / MA1 6.5 (ikke Newtons metode)

Integration: If you know the function F', what is then F? References for this week: EMEA 9.1—9.6 / MA1 10.1–10.4, 10.6–10.7.?

18.09.2012 NCF? *Maths 3 lecture*? Nonlinear programming. The envelope theorem.? Maths 3 lecture. As previous Thursday, but more examples.?
20.09.2012 NCF? ? Integration and methods of integration. ? EMEA 9.1—9.6 / MA1 10.1–10.4, 10.6–10.7?
24.09.2012 NCF? ? Integration and methods of integration. ? EMEA 9.1—9.6 / MA1 10.1–10.4, 10.6–10.7?
27.09.2012 NCF? ? First-order differential equations (separable and linear)? EMEA 9.8, FMEA 5.1—5.4 / MA1 10.10, MA2 1.1–1.4?
01.10.2012 NCF? ? Differential equations cont'd? As Sep 27th?
04.10.2012 NCF? ? Differential equations cont'd.? Reading list as Sep. 27th; this lecture will also cover graphical representation.?

Week 41 is teaching-free. No lectures nor seminars this week.

The course will now switch to linear algebra topics.

Date Teacher Place Topic Lecture notes / comments
15.10.2012 BD? ? Vectors. Scalar products. Straight lines and planes w. applications to budget constraints. Possibly: introduction to matrices.? Vectors are introduced, first as 'lists of numbers' for book-keeping, then tools for manipulating. The scalar product as a total cost, and the hyperplane as a budget constraint.

EMEA 15.7—15.9 / LA 2.1–2.4, 2.6 (st?ttelitt.: FAMLA 1.1–1.2)?

18.10.2012 BD? ? Matrices and matrix operations. Linear equation systems.? EMEA 15.1—15.4 / LA 3.1–3.4 (st?ttelitt.: FAMLA 1.5–1.6)?
22.10.2012 BD? ? Linear equations: Gaussian elimination. A bit about the inverse.? EMEA 15.5—15.6 / LA 3.5, 4.1 (st?ttelitteratur: FAMLA 1.5–1.6, 4.1, 4.5)?
25.10.2012 BD? ? Gaussian elimination. Introduction to determinants? EMEA 15.5—15.6, 16.1—16.3 / LA 3.5, 4.1 , 5.1–5.3 (st?ttelitt.: FAMLA 4.1--4.4, 1.8 unntatt kryssprodukt/orientering) ?
29.10.2012 BD? ? Determinants. Inverse matrices. Possibly Cramér's rule? EMEA 16.1—16.8 _ / LA 5.1–5.5, 6.1–6.3 (st?ttelitt.: FAMLA 1.7, 1.8 unntatt orientering,, 4.5, 4.9; Cramers regel i oppgave 4.9.11)?

No lecture Nov. 1st.

Date Teacher Place Topic Lecture notes / comments
05.11.2012 BD? ? Cramér's rule. Remaining topics – if any – on equation systems and inverse matrices? ?

The course will now return to analysis topics, but some linear algebra will be utilized.

Date Teacher Place Topic Lecture notes / comments
08.11.2012 BD? ? Implicit differentiation. Slopes of level curves. (Review.) Chain rules and differentials.? EMEA 12.1—12.4 / MA1 12.3-4 (gml utg: 12.1–12.2) ?
12.11.2012 BD? ? Chain rules and differentials. Differentiation in equation systems. ? The objective of this lecture is to enable you to find derivatives of functions given implicitly by systems of equations. This is one core topic of the course, despite being only one double lecture.

EMEA 7.1—7.3, 12.8—12.11 / MA1 kap 12 (gml utg: 11.9–11.10, 12.4–12.6) ?

15.11.2012 BD? ? Linear and quadratic approximation. Taylor’s formula.? EMEA 7.4—7.6 / MA1 7.4–7.6 (gml.utg.: ogs? 7.3)?
19.11.2012 BD? ? Homogeneous and homothetic functions.? EMEA 12.6—12.7 / MA1 12.6-12.7 (gml.utg.: 11.12–11.13) ?
22.11.2012 NCF? ? Leftovers from homogeneous and homothetic functions + extensions of the integral concept.? The definite integral as we know it until now, is only well-defined 'inside a bounded box'. What happens if the function or the scope is unbounded?

EMEA 9.7 / MA1 10.9?

06.12.2012 ? ? Extra lecture: Review? I will put up some extra review lecture, but the time is up for discussion; the exam is 11th of December.?
Published June 19, 2012 1:44 PM - Last modified July 12, 2013 10:25 PM