Sumários
Continued with Chapter 4
6 Outubro 2022, 21:30 • Matthijs Oosterveen
Continued with Chapter 4 (cost minimization) and we discussed Lagrange and practiced with this constrained optimization method. I also introduced the interpretation for the lagrange multiplier as the shadow price.
Finished chapter 3 and started chapter 4
4 Outubro 2022, 18:00 • Matthijs Oosterveen
We finished Chapter 3 (profit function), discussed all the exercises, and started with Cost minimization (Chapter 4). Cost minimization includes constrained optimization, and the method of lagrange, which I will discuss in some detail.
Finised chapter 2 and started chapter 3
29 Setembro 2022, 21:30 • Matthijs Oosterveen
We finished all the exercises of chapter 2 (profit maximization) and started with chapter 3 (profit function). After the last lecture that clarified the first and second order conditions discussing the exercises was way easier.
Chapter 2 (profit maximization)
27 Setembro 2022, 18:00 • Matthijs Oosterveen
Finished the theoretical discussion on chapter 2 (profit maximization). I also explicitely discussed the first and second order conditions related to maximizing functions, which last week I assumed were known.
Chapter 2
22 Setembro 2022, 21:30 • Matthijs Oosterveen
We continued with chapter 2 (Profit Maximization). Students had difficulty with the first and second order conditions for maximizing functions, so chapter takes longer than expected.