NEKG33 Mathematical methods for economists
Chapter 7 : Day 07: Higher order derivatives
By Lund University
Derivatives are fun so let's go one step further and do derivatives of derivatives. Convex and concave functions will also fit nicely into todays program.
Higher order derivatives
By differentiating the derivative of a function we get what is called the second derivative. The same idea can be extended to higher order derivatives. In this section we also look at the relationship between second derivatives and whether the function is convex or concave.