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Mathematics of Economics and Business
 
 

Mathematics of Economics and Business [Paperback]

Frank Werner (Author), Yuri N. Sotskov (Author)
4.0 out of 5 stars  See all reviews (1 customer review)

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Book Description

0415332818 978-0415332811 April 14, 2006 New edition

For all students who wish to understand current economic and business literature, knowledge of mathematical methods has become a prerequisite.  Clear and concise, with precise definitions and theorems, Werner and Sotskov cover all the major topics required to gain a firm grounding in this subject including sequences, series, applications in finance, functions, differentiations, differentials and difference equations, optimizations with and without constraints, integrations and much more.

Containing exercises and worked examples, precise definitions and theorems as well as economic applications, this book provides the reader with a comprehensive understanding of the mathematical models and tools used in both economics and business.


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About the Author

Frank Werner is Extraordinary Professor of Mathematics at Otto-von-Guericke University in Magdeburg, Germany.

Yuri N. Sotskov is Professor at the United Institute of Informatics Problems, National Academy of Science of Belarus, Minsk.


Product Details

  • Paperback: 536 pages
  • Publisher: Routledge; New edition edition (April 14, 2006)
  • Language: English
  • ISBN-10: 0415332818
  • ISBN-13: 978-0415332811
  • Product Dimensions: 9.4 x 6.8 x 1.3 inches
  • Shipping Weight: 2.1 pounds (View shipping rates and policies)
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #3,104,916 in Books (See Top 100 in Books)

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2 of 4 people found the following review helpful:
4.0 out of 5 stars learn calculus, June 21, 2008
Somewhat unsure what the cover picture has to do with the subject. But anyhow... It's a readable exposition of the maths often used in economics. Basically, there is calculus and statistics. Calculus is really the dividing line. With it, applications like estimating time rates of change and of optimising become feasible as quantitative calculations. It is difficult to overemphasise the need to understand calculus.

There is also basic stuff, like matching supply-demand curves to find trading volumes. Obvious applications in stock markets. But also in the general case of you wanting to buy or sell something.
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Inside This Book (learn more)
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
amortization instalments, one variable arbitrarily, differential equation with separable variables, local extreme point, objective row, pivoting step, identity submatrix, pivoting procedure, kth year, redemption table, adjacent extreme point, basic feasible solution, linear homogeneous difference equation, leaving variable, optimal extreme point, pivot column, dual simplex algorithm, entering variable, leading principal minors, optimal tableau, local maximum point, following tableau, above tableau, pivot row, linear depreciation
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Applying Theorem, Introduction Definition, Applying Gaussian, Differentiation Example, Introduction Example
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Front Cover | Table of Contents | First Pages | Index | Surprise Me!
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