Words whose definition need not be memorized for exams.
You do not need to remember the definitions of the terms below,
but this does not mean that you will not be tested on the concepts to
which they refer. For example, you might be told the meaning of a
word in an exam, and then tested on it.
demand function, supply function, revenue function, cost function, profit function, difference quotient (Section 1.1)
abcissa, ordinate (Section 1.2)
secant line (Section 2.1)
relative and percentage rates of change (Section 2.2)
marginal cost, marginal analysis, marginal profit, differential of x,
Newton's method (Section 2.5)
isoquant, marginal rate of technical substitution (Section 2.6)
point of diminishing returns (Section 3.2)
marginal analysis criteria, elasticity (Section 3.4: we do not study these at all)
present value, effective interest rate (Section 4.1)
logarithmic differentiation (Section 4.3)
standard normal probability density function, learning curve, logistic curve,
carrying capacity (Section 4.4)
net excess profit, Lorentz curve, Gini index (Section 5.4)
The whole of Section 5.5.
dye dilution method (Section 5.6)
Logistic equation, carrying capacity (Section 6.2)
Probability density functions, expected value (Section 6.3)
The whole of Section 6.4.
Isoquant, utility function, indifference curve (Section 7.1)
Substitute commodities, complementary commodities (Section 7.2)
The whole of Section 7.4.
The whole of Section 7.6.