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Applications of Integration
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First
Applications of Integration |
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The Substitution Rule for Definite Integrals |
The contents of this unit include:
- The substitution rule for definite integrals
- Applying the substitution rule for definite integrals
- Integrals of symmetric functions
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The Area Between Curves
The contents of this unit include:
- Procedure of determining the area bounded by two graphs
- Interpretation as \( \Delta x \) or \( \Delta y \) regions
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Applications
of Integration in Economics |
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Net Excess Profit & Lorenz Curves |
The contents of this unit include:
- Excess profit and net excess profit
- Lorenz curves
- Gini index (index of income inequality)
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The Average Value of a Function
The contents of this unit include:
- The average value of a function and its geometric interpretation
- Rate interpretation of the average value
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Future Value and Present Value of an Income Flow
The contents of this unit include:
- Future value of an annuity
- Future value of an income stream
- Present value of an income stream
- Comparison of income streams
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Consumer Willingness to Spend & Consumer's Surplus
The contents of this unit include:
- The consumer willingness to spend
- Consumer's surplus
- Geometric interpretation of the consumer willingness to spend and the consumer's surplus
- Producer's surplus
- Connection between consumer's and producer's surplus
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Copyright Kutaisi International University — All Rights Reserved — Last Modified: 12/ 10/ 2022
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