Integrals

Wolfgang Eichhorn and Winfried Gleißner
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Wolfgang Eichhorn: Karlsruhe Institute of Technology (KIT)
Winfried Gleißner: University of Applied Sciences Landshut

Chapter 10 in Mathematics and Methodology for Economics, 2016, pp 509-534 from Springer

Abstract: Abstract This chapter introduces integration as an operation which is the “inverse” of determining the derivative. It shows that the definite integral is the area between a continuous function and the x-axis. It also introduces some methods to calculate integrals: integration by parts, substitution, and partial fractions. An application of integration is the calculation of present values. Finally two types of improper integrals are discussed: the function value tends to infinity at some point, and one or both boundaries tend to infinity.

Keywords: Definite Integral; Present Value; Effective Annual Interest Rate; Payment Volume; Continuous Compounding (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-319-23353-6_10

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DOI: 10.1007/978-3-319-23353-6_10

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