I am having trouble with a problem in my textbook that is asking for the maximum and minimum values of
$f(x,y) = x^2 +4y^2 -x + 2y$ bounded by the ellipse $x^2 +4y^2 = 1$
I know how to find the extreme and saddle points of a function, but am unsure of how to proceed when a boundry is added.
I started by setting $fx$ and $fy$ of $f(x,y) = 0$ and found the point $P(1/2,-1/4)$ using the discriminant. I found that this point is a minimum equal to
$$f(1/2,-1/4) = -1/2$$
now I am not sure how the boundaries factor in. I graphed both functions in a graphing tool and $f(x,y)$ is an elliptical parabaloid, and the ellipse is going vertically through the parabaloid 
now im assuming that the first point that I found is the very bottom of $f(x,y)$, but there are places where the cylinder crosses the function. the intersection near the bottom cant be lower than the minimum point P of the function, so I know I am only looking for a max point where the two functions intersect.
aside from finding out how to find the max point, I would appreciate a way for me to find out how many critical points I am looking for when I dont have a graphing calculator available during a test.


Use Lagrange Multipliers, the theorem says that if $P$ is a maximum or minimum of $f$ restricted to the level surface $g$ then there exists $\lambda \in \mathbb{R}$ such that $\nabla f_P=\lambda \nabla g_P$.
Applying this on your problem you get $2x-1=2x\lambda$ and $4y+1=4y\lambda$.
And playing a bit with these you get $x=-2y$. And then you can use that $(x,y)$ is a point of the ellipse. And there you got your candidates.
To check whether they are minimum or maximum just evaluate of $f$