Foundations

Core mathematical skills essential for microeconomic reasoning: the arithmetic, optimization, probability and logic of STEER, extended with basic calculus such as single-variable derivatives and linear systems of equations.

Modules

1. 1.1Optimization

   Much economic reasoning depends on the primitive operation of identifying the best choice among a set of alternatives, sometimes given constraints.

   0 elements

2. 1.2Systems of Equations

   Many of the later elements end in the same step: several conditions must hold at once, and the answer is the point that satisfies all of them.

   1 element: Linear Systems of Equations

3. 1.3Derivatives and Homotheticity

   Marginal reasoning is differentiation: marginal utility, marginal product and marginal cost are all derivatives.

   2 elements: Derivatives, Exponents

4. 1.sShared with STEER

   Elements that belong to STEER and are part of STEER-ME's Foundations as well.

   3 elements: Addition and Subtraction, Multiplication and Division, Compute Expectations