ECON 2P30 Lecture Notes - Disjoint Sets, Distributive Property, Venn Diagram
17 Jan 2013
School
Department
Course
Professor
Document Summary
Department of economics, brock uni- versity, 500 glenridge ave. , st. catharines, ontario, l2s 3a1, canada. This document was typeset with the latexdocumentation system using the xy-pic and the mnsymbol packages. Much of advanced economic theory is described using the notion of sets. For example, a consumer"s objective is to maximize his utility by choosing a bundle from the set of all a ordable bundles. Conversely, a player is to choose a strategy from the set of all possible strategies to maximize his expected payo in a game theoretical scenario. Due to the wide usage of sets across the discipline, any progress into an understanding of economic theory will require a clear and precise understanding of the fundamental concepts often used in set theory. The remainder of this chapter is organized as follows. Section 2 intro- duces the basic concepts used in set theory. Namely, the notion of elements, empty sets, subsets, and power sets will be discussed.
