It has been 20 years since the last edition of this classic text. Kevin Wainwright, a long time user of the text (British Columbia University and Simon Fraser University), has executed the perfect revision—-he has updated examples, applications and theory without changing the elegant, precise presentation style of Alpha Chiang. Readers will find the wait was worthwhile.
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About the Author
Kevin Wainwright is a professor at the British Columbia Institute of Technology (Burnaby, BC,Canada).
Alpha C. Chiang is a professor at the University of Connecticut
Alpha C. Chiang is a professor at the University of Connecticut
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Most Helpful Customer Reviews
50 of 52 people found the following review helpful:
3.0 out of 5 stars
Best of Three,
By
This review is from: Fundamental methods of mathematical economics (Hardcover)
Chiang has written the best of the three mathematical economics books with which I'm familar. Unlike the book by Simon and Blume, and the book by de la Fuente, Chiang's book actually doesn't assume that you already think fluently in mathematics when trying to teach you math econ. It also contains one of the most pedagogically-sound (or, as we say in economics, efficient) teaching devices we know: exercises. Chiang even provides answers to selected exercises so that the student can test whether he or she has actually done the exercises correctly. Unlike the other two books, Chiang makes learning math econ, if not easy, at least possible. Before writing this review I cracked open Chiang and learned in literally two minutes something that two years with the other two books never taught me. If you're struggling to learn math econ, don't even open the other two books--just focus on Chiang.
29 of 30 people found the following review helpful:
5.0 out of 5 stars
A Wonderful Foundation,
This review is from: Fundamental Methods of Mathematical Economics, 3rd Edition (Hardcover)
Professor Chiang's "Fundamental Methods of Mathematical Economics" has become the classic preparatory text for students beginning a course of quantitative study in economics and finance. It has been in print for nearly a generation, and with good reason. Chiang's achievement is to have created a learning programme that can take a modestly numerate person all the way from basic matrix algebra through limits, continuity and derivatives past simple differential equations all the way to optimisation theory and linear programming. And all in one volume! Little prior training is required for this journey - all you need is basic algebra. The explication is admirably clear, there are plenty of good practice examples and the pace is moderate. "Mastering Chiang," as one of my old professors used to call it, provides an excellent foundation for the economics or finance student and will admirably equip him or her to deal with the more rigorous challenges ahead.
17 of 17 people found the following review helpful:
5.0 out of 5 stars
A must read for graduate students in economics,
By A Customer
This review is from: Fundamental Methods of Mathematical Economics, 3rd Edition (Hardcover)
Alpha Chiang's text should serve as the foundation for all quantitive analysis done in economic theory. It is an invaluable teaching tool for graduate students in economics and will help them better understand the mathematical techniques that have become so necessary for economic modeling.(p)I am not a highly quantitative person myself, but I found Chiang's book comprehensible and a useful reference guide in my gradaute economics classes. Along with Hal Varian's "Microeconomic Theory" and Jan Kmenta's "Econometrics", I would say that Chiang's "Fundamentals of Mathematical Economics" should serve as sacred literature for any prospective graduate student in economics.
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First Sentence:
Mathematical economics is not a distinct branch of economics in the sense that public finance or international trade is. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
determinantal test, convergent time path, qualifying arc, fixed input ratios, intertemporal equilibrium level, nonzero derivative value, demarcation curves, unique absolute maximum, packaging border, simultaneous dynamic equations, intertemporal equilibrium price, free extremum, more choice variables, bordered principal minors, marginal gross profit, isovalue curve, row independence, strict quasiconcavity, alien cofactors, sign definiteness, nonnegativity restrictions, equilibrium identity, alternative monetary rule, constraint border, arbitrary nonzero values Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Condition Maximum Minimum First-order, Constant Row New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Mathematical economics is not a distinct branch of economics in the sense that public finance or international trade is. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
determinantal test, convergent time path, qualifying arc, fixed input ratios, intertemporal equilibrium level, nonzero derivative value, demarcation curves, unique absolute maximum, packaging border, simultaneous dynamic equations, intertemporal equilibrium price, free extremum, more choice variables, bordered principal minors, marginal gross profit, isovalue curve, row independence, strict quasiconcavity, alien cofactors, sign definiteness, nonnegativity restrictions, equilibrium identity, alternative monetary rule, constraint border, arbitrary nonzero values Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Condition Maximum Minimum First-order, Constant Row New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 30
books:
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89
books
cite this book:
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- Differential and Integral Calculus (2 Volume Set) by Richard Courant on page 266, and Back Matter
- Foundations of Economic Analysis: Enlarged Edition (Harvard Economic Studies) by Paul Samuelson on page 544, and Back Matter
- Mathematical Theories of Economic Growth (Modern Revivals in Economics) by Edwin Burmeister in Back Matter
- Theory of Ordinary Differential Equations by Earl A. Coddington in Back Matter
- Income, Saving, and the Theory of Consumer Behavior (Economic Studies : No. 87) by James S. Duesenberry on page 6
See all 30 books this book cites
- Makroökonomik flexibler und fester Wechselkurse (Springer-Lehrbuch) (German Edition) by Manfred Gärtner on 6 pages
- Grundlagen der Mikroökonomik (Springer-Lehrbuch) (German Edition) by Susanne Wied-Nebbeling on 5 pages
- Economics With Calculus by Michael C. Lovell on 4 pages
- Business, Economics, and Finance with Matlab, GIS, and Simulation Models by Patrick L. Anderson on page 140, page 142, and page 221
- Makroökonomik und neue Makroökonomik (Springer-Lehrbuch) (German Edition) by Bernhard Felderer on page 452, and Back Matter
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