The Differential Calculus

Byron D. Eastman
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Byron D. Eastman: Laurentian University

Chapter 3 in Interpreting Mathematical Economics and Econometrics, 1984, pp 19-31 from Palgrave Macmillan

Abstract: Abstract Calculus is concerned with rates of change and as such, its primary interest is in variables as opposed to constants. Suppose, for example, it is observed that an increase in the amount of money spent on advertising results in an increase in the sales of a firm. The hypothesis is that advertising increases sales, or, symbolically, sales is a function of advertising: 3.1 S A L E S = f ( A D V E R T I S I N G ) ]]

Keywords: Partial Derivative; Production Function; Price Level; Marginal Product; Differential Calculus (search for similar items in EconPapers)
Date: 1984
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DOI: 10.1007/978-1-349-17702-8_3

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