NEKG33 Mathematical methods for economists
Chapter 8 : Day 08: Optimizing a function of one variable
By Lund University
We know how to differentiate a function. Let's use these mad skills to optimize a function.
Single variable optimization
We begin this section by looking at concepts related to single variable optimization. We distinguish between local extreme points and global extreme points and we introduced the concept stationary point (when the derivative is zero). We continue with necessary and sufficient conditions for max/min.
Single-variable optimization, definitions
Single-variable optimization, results
Single variable optimization: Problems
Exercises on single variable optimization