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Economics uses many subfields of mathematics to model human behavior. Here, we provide an introduction to Calculus and Probability Theory
Calculus
Calculus
Calculus provides a framework for modeling systems in which there is change, and a way to deduce the predictions of such models. Human behavior is a system subject to changes.
Calculus.pptxCrash course
Crash course
Sequences and series
Sequences and series
A "sequence" is an ordered list of numbers called "elements" or "terms" of the sequence. A "series" is what you get when you add up all the terms of a sequence. For instance, "1, 2, 3, 4" is a sequence, with terms "1", "2", "3", and "4"; the corresponding series is the sum "1 + 2 + 3 + 4", and the value of the series is 10. Sequences and series are extremely useful is real life. Here are some examples of them, their history and some applications.
Probabilities
Probabilities
Economic events can rarely be predicted with certainty. Modeling economic choices and outcomes often requires to resort to probability theory.
Probas.pptxCrash course
Crash course
Operations on Random Variables.pdfRandom variables
Random variables
(quick formula)
NormalDistr.pdfNormal Distribution
Normal Distribution
Law of Large Numbers.pdfLaw of Large Numbers
Law of Large Numbers
Central Limit Theorem.pdfCentral Limit Theorem
Central Limit Theorem
BinomialDistr.pdfBinomial Distribution
Binomial Distribution
GeometricDistr.pdfGeometric Distribution
Geometric Distribution
To visualize probability and statistics: Seeing Theory
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