Introduction to the Lagrange Multiplier

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Uploaded by on Jan 29, 2012

This video gives a conceptual introduction to the Lagrange multiplier method of solving constrained optimization problems. It explains why the method is sometimes necessary, outlines why the method works, and then walks through the steps needed to solve for an optimum.

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By Economists Do It With Models
http://www.economistsdoitwithmodels.com
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Twitter: http://www.twitter.com/jodiecongirl

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Uploader Comments (jodiecongirl)

  • Hi Jodi, your videos are very helpful and useful. Thanks for the great work. Any chance you would do a video on Hamiltonian?

  • @BraveNewWorldSH Wow- I had no idea that there would be such demand for the more advanced concepts. Yeah, I can do that, so stay tuned. :)

  • Jodiecongirl - how do you type your math up? The only system I have ever loved and learned is Design Science's Mathtype with Microsoft Word 2000. :)

  • @nahaymath Either LaTex or the "Insert Equation" feature in newer versions of Word. I find the latter to be sufficient for the vast majority of purposes, and it's easy to either copy and paste into PowerPoint or take a screen shot of and turn into an image.

  • You are some kind of math genius.

  • @TheArfdog Haha, nah, I just think about this stuff a lot. You should have seen me sprawled on the floor of my office with my iPad trying to come up with the best way to explain this.

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All Comments (9)

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  • @jodiecongirl It's an honors class. I am using the Acemoglu text and I can hardly get anything out of it. Thanks Jodi. Big fan!

  • @jodiecongirl I'm not gonna even entertain that thought. Anyways. Please do a video on what you think of current economic events! Sprawl on that.

  • Jodi, that was a clear description. Keep up the good work!

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