Consortium for Mathematics and its Applications

Product ID: 99518
Supplementary Print
Undergraduate

An Application of Calculus in Economics: Oligopolistic Competition (UMAP)

Author: Donald R. Sherbert


In this module some of the elementary models for duopolies that utilize calculus are examined.

Table of Contents:

1. INTRODUCTION

2. THE COURNOT MODEL

3. THE CHAMBERLIN MODEL

4. DUOPOLIES, REACTION CURVES

5. THE LEADER-FOLLOWER MODEL

6. SAMPLE TEST

7. SOLUTIONS TO EXERCISES

8. SOLUTIONS TO SAMPLE TEST

REFERENCES

©1987 by COMAP, Inc.
UMAP Module
16 pages

Mathematics Topics:

  • Calculus

Application Areas:

  • Business & Economics

Prerequisites:

Partial derivatives; maximum values of functions of several variables.

You must have a Full Membership to download this resource.

If you're already a member, login here.

Not yet a member?


COMAP, Inc.

COMAP develops curriculum resources, professional development programs, and contest opportunities that are multidisciplinary, academically rigorous, and fun for educators and students. COMAP's educational philosophy is centered around mathematical modeling: using mathematical tools to explore real-world problems.


© 2023 COMAP, Inc.
All Rights Reserved.