Mathematical Economics

Aji Raditya
 PERATURAN MENTERI PENDIDIKAN DAN KEBUDAYAAN REPUBLIK
INDONESIA

NOMOR 49 TAHUN 2014

TENTANG STANDAR NASIONAL PENDIDIKAN TINGGI

Pasal 15 ayat 2
Satu sks setara dengan 160 (seratus enam puluh) menit kegiatan
belajar per minggu per semester.

Pasal 16 ayat 1
Satu sks pada bentuk pembelajaran kuliah, responsi dan tutorial,
mencakup:
a. kegiatan belajar dengan tatap muka 50 (lima puluh) menit per
minggu per semester;
b. kegiatan belajar dengan penugasan terstruktur 50 (lima puluh)
menit per minggu per semester; dan
c. kegiatan belajar mandiri 60 (enam puluh) menit per minggu per
semester.
 Mathematical Economics
- Lines and Functions
- Differentiation (one variable)
- Partial Differentiation (two variable)
- Linear Programing
 Simultaneous Equation
Two or more equations containing
common variable(s).

Linear Simultaneous of Equations

A simultaneous of equations in which
each equation is linear.
 Solving Simultaneous Equation
Solving two linear equation with two unknown:
1. Elimination by substitution Method
2. Elimination by addition Method
Ex:
Solution:
a. x = -2 and y = 2
b. .
Solution of Simultaneous Equation
A set of simultaneous equation may have:
1. A unique solution
2. No solution
3. Infinitely many solution
Application of Simultaneous Equation
Equilibrium
When the demand and supply curve of a
product are represented on the same coordinate
plane, the point (m,n) where the curve intersect
is called the point of equilibrium.

The price n, called the equilibrium price.

The quantity m, called the equilibrium quantity.

Example
The demand and supply equation, respectively:
1
𝑝𝑑 = − 𝑞𝑑 + 12
180
1
𝑝𝑠 = 𝑞𝑠 + 8
300
Calculate equilibrium price and quantity.
Application of Simultaneous Equation
Break Even
The break even point is the point at which total
revenue equal total cost (TR = TC).
The break even point is the point (m,n)
The quantity m, called break-even quantity.
The revenue n, called break-even revenue.
Example
A manufacturer sells a product $8 per unit,
selling all that is produced. Fixed cost $ 5000
and variable cost per unit is $ 22/9.
Find the total output and revenue at the break-
even point.
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