10.1 General information on the notation of functions

Designations:
Set of real numbers
+ Set of positive real numbers
M N M is a subset of N
M N M is a subset of N different from N
𝔻 Definition set
𝕎 Value set
f : 𝔻 𝕎 The function f maps the definition set 𝔻 to the value set 𝕎.

In the economic sciences, functions f : 𝔻 𝕎 of the following types frequently occur: Definition: A function f : 𝔻 𝕎 is a

  1. real function, if 𝔻 and 𝕎
  2. real-valued function (in n real variables), if 𝔻 n and 𝕎
  3. Rn-Rm-function, if 𝔻 n and 𝕎 m
Examples:
  1. f : 𝔻 𝕎,xx2 with 𝔻 = : We insert any real number into the function term f(x) = x2:
    f(2) = 22 = 4,f(7) = (7)2 = 49,f(3) = (3)2 = 3,f(0) = 02 = 0

    Thus, you get the number 0 or positive real numbers as function values. The value set 𝕎 results to be 𝕎 = 0+. Thus, you can also write

    f : 0+,xx2

    .

  2. f : 𝔻 𝕎, (x,y) x2 y4 with 𝔻 = 2: Here any pairs (x,y) 2 are inserted:
    f(2, 1) = 2214 = 5,f(1,2) = (1)2(2)4 = 116 = 17,f(0, 0) = 0204 = 0

    Here we get as function values the number 0 or negative real numbers. The value set 𝕎 results to be 𝕎 = 0. Thus, you can also write

    f : 2 0, (x,y) x2 y4

    .

  3. f : 3 2, x1 x2 x3 x1x2 + x32 x1 + x2 + x3


(c) by Christian Bauer
Prof. Dr. Christian Bauer
Chair of monetary economics
Trier University
D-54296 Trier
Tel.: +49 (0)651/201-2743
E-mail: Bauer@uni-trier.de
URL: https://www.cbauer.de