NEKG33 Mathematical methods for economists

Chapter 3 : Day 03: Equations

By Lund University

Who doesn't enjoy finding our x? Day 3 is equation day. Remember the pesky formula for solving quadratic equations? We will do this one and some other fun stuff like systems of equations. Lots of stuff today. If overwhelmed, focus on the lectures and get back to exercises when you have the time.

Equations: Rules and terminology

In this section, we will look at the basic terminology for equations and the rules that you can use to solve equations. We will look at the distinction between a variable and a constant in an equation and we will learn how to classify an equation allowing us to apply the appropriate methods to solve the equation.

Equivalent equations and inequalities

Equations, terminology

Equations, constants and variables

Classification of equations

Solving equations

Quadratic equations

Quadratic equations is an important class of equations. We will review the formula for solving a general quadratic equation and a reduced quadratic equation (which is a quadratic equation where the constant in front of the x-square term is one). In this section we will also look at how to factor a quadratic expression and learn how to completing the square of a quadratic expression.

Reduced quadratic equations

Quadratic equations

Factoring a reduced quadratic expression and completing the square

Factoring a quadratic expression and completing the square

Single equations: Problems

Exercises on quadratic equations and other equations

Problem: Solve linear and quadratic equations

Problem: Understanding the quadratic formula

Problem: Solve linear and nonlinear equations

Problem: Simplify by factoring

Problem: Solve equations

Problem: Factor expressions

Problem: Solve inequalities

Problem: Solve text-equations

Problem: Solve equations containing constants

Problem: Solve equations containing constants

Problem: Solve quadratic equations

Problem: Solve quadratic equations

Problem Solve quadratic text-equations

Problem: Solve equations containing square roots

Systems of linear equations

This section is an introduction to systems of linear equations. We will restrict the study to two linear equations and look at two methods for solving such a system. The first method is called the substitution method and the second is the elimination method.

Systems of equations

Problem: Solve systems of equations

Problem: Solve systems of equations

Problem: Solve systems of equations

Problem: Solve non-linear equations