NEKG33 Mathematical methods for economists

Chapter 25 : Day 25: Function of several variables.

By Lund University

We have been working with functions of two variables a bit. But wait, there is more!

Functions of several variables

We begin this section by looking at functions of two variables in more detail. The graph of a function of two variables will be a three dimensional figure. We extend this idea to functions with an arbitrary number of variables.

Functions of two variables

Graph of a function of two variables

Functions of several variables

Functions of several variables: Problems

Exercises on functions of several variables

Problem: Find the natural domain of a function of two variables

Problem: Level curves

Problem: Intersection of level curves

Partial derivatives

The first lecture is a review. We look at the formal definition of partial derivatives and how to collect second order partial derivatives into a Hessian. In the final lecture, we will look at the chain rule for functions of several variables.

Partial derivatives, rough introduction

Partial derivatives

Hessian

Chain rule for functions of two variables

Partial derivatives: Problems

Exercises on partial derivatives and Hessian

Problem: Hessian and its determinant

Problem: Concave function of two variables

Problem: Chain rule

Problem: Chain rule

Problem: Chain rule

Problem: Chain rule

Problem: Slope of a level curve

Problem: Slope of a level curve