For a vector space VV over KK and k1k\ge1, its kk-th exterior power is a vector space ΛkV\Lambda^k V equipped with an

ι:VkΛkV,(v1,,vk)v1vk,\iota:V^k\to\Lambda^kV,\qquad (v_1,\ldots,v_k)\mapsto v_1\wedge\cdots\wedge v_k,

satisfying the universal property: for every vector space WW and alternating multilinear map f:VkWf:V^k\to W, there exists a unique f~:ΛkVW\widetilde f:\Lambda^kV\to W with f=f~ιf=\widetilde f\circ\iota. Set Λ0V=K\Lambda^0V=K.

Basis and low degrees

If e1,,ene_1,\ldots,e_n is a basis of VV, the wedges ei1eike_{i_1}\wedge\cdots\wedge e_{i_k} with i1<<iki_1<\cdots<i_k form a basis of ΛkV\Lambda^kV. Thus dimΛkV=(nk)\dim\Lambda^kV=\binom nk, and ΛkV=0\Lambda^kV=0 for k>nk>n. There is a canonical identification Λ1V=V\Lambda^1V=V.

Relation to the exterior algebra

These spaces are the graded pieces of the of VV. The universal property determines each exterior power up to the unique isomorphism preserving its distinguished alternating map.

References
  1. Bernhard Leeb, Some multilinear algebra, 2020, §§1.1, 1.4 and 2.3.