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 | |
|---|---|---|
| 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) |