Chapter 1

Matrices and Determinants Applications

Algebra of matrices

medium • 1 min read

Inverse of a matrix

medium • 2 min read

Solving linear equations using matrix inversion

medium • 3 min read

Cramer's rule

medium • 4 min read

Leontief Input-Output analysis

medium • 5 min read

Chapter 2

Basic Calculus and Applications in Business

Rules of differentiation

medium • 1 min read

Maxima and minima of functions of one variable

medium • 2 min read

Marginal cost and marginal revenue

medium • 3 min read

Elasticity of demand

medium • 4 min read

Integration concepts and consumer's surplus

medium • 5 min read

Chapter 3

Advanced Calculus (Partial Differentiation)

Partial derivatives of first and second order

medium • 1 min read

Homogeneous functions and Euler's theorem

medium • 2 min read

Maxima and minima of functions of two variables

medium • 3 min read

Lagrange's multiplier method

medium • 4 min read

Economic applications of partial differentiation

medium • 5 min read

Chapter 4

Mathematics of Finance (Compound Interest, Annuities)

Simple and compound interest

medium • 1 min read

Effective rate of interest

medium • 2 min read

Present and future value of annuities

medium • 3 min read

Sinking funds

medium • 4 min read

Amortization of loans

medium • 5 min read

Chapter 5

Linear Programming formulation and graphical method

Formulation of LPP

medium • 1 min read

Graphical method of solving LPP

medium • 2 min read

Feasible and optimal solutions

medium • 3 min read

Special cases in graphical method

medium • 4 min read

Importance of LPP in business decision making

medium • 5 min read