11.203 | Fall 2010 | Graduate
Microeconomics

Math Review

The following documents were used during math review sessions, led by teaching assistants each week to help students get a better understanding of the math used in the course. (Courtesy of Shiva Prakash. Used with permission.)

HANDOUT # TOPICS PDF
1

Production possibility frontier

Supply and demand

Elasticity

(PDF)
2

Utility functions

Indifference curves

Changes in the shape of the indifference curve

Budget constraints

Changes in budget constraints

Maximizing utility subject to budget constraint

(PDF)
3

Income and substitution effects

Supply and demand

Elasticity

Utility maximization

Derivatives

(PDF)
5

Production functions

Isoquants and isocot lines

Increasing, decreasing and constant returns to scale

Costs (average, marginal, total)

Perfect competition and profit maximization

(PDF)
6

Consumer and producer surplus

Concepts of marginal revenue

Profit maximization in a monopoly

(PDF)
7

Comparing perfect competition and monopoly

Elasticity and monopoly

Oligopoly-Kinked demand curve facing the firm

(PDF)
Course Info
Instructor
As Taught In
Fall 2010
Level
Learning Resource Types
assignment_turned_in Problem Sets with Solutions
grading Exams with Solutions