Category Archives: Math for Economists

Basic Math for Economists – Logs

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LOGARITHMS

We have learnt indices or exponents in the algebra material. If you haven’t check then, we recommend you to do so. We will need those concepts for progressing with logs. The idea of logarithms (or simply logs) is based on indices. In fact, as you will find out very soon, the rules for logarithms are very similar to the rules for indices. Therefore, a recap of the concept of indices will be useful for us to understand how logarithms works.

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