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Mathematics for Economics and Finance: Methods and Modelling [Paperback]

Martin Anthony (Author), Norman Biggs (Author)
4.4 out of 5 stars  See all reviews (8 customer reviews)

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Book Description

July 13, 1996 0521559138 978-0521559133
Without expecting any particular background of the reader, this book covers graphs and relations, sequences and limits, partial derivatives, optimization, vectors, and matrix algebra. Throughout, the stress is firmly on how the mathematics relates to economics, and this is illustrated with copious examples and exercises that will foster depth of understanding.

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Mathematics for Economics and Finance: Methods and Modelling + New Cambridge Statistical Tables + Statistics for Business and Economics (7th Edition)
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Editorial Reviews

Review

'Throughout, the stress is firmly on how the mathematics relates to economics, and this is illustrated with copious examples and exercises that will foster depth of understanding.' L'Enseignement Mathématique

Book Description

Without expecting any particular background of the reader, this book covers graphs and relations, sequences and limits, partial derivatives, optimization, vectors and matrix algebra. Throughout, the stress is firmly on how the mathematics relates to economics.

Product Details

  • Paperback: 410 pages
  • Publisher: Cambridge University Press (July 13, 1996)
  • Language: English
  • ISBN-10: 0521559138
  • ISBN-13: 978-0521559133
  • Product Dimensions: 8.9 x 6.1 x 1 inches
  • Shipping Weight: 1.5 pounds (View shipping rates and policies)
  • Average Customer Review: 4.4 out of 5 stars  See all reviews (8 customer reviews)
  • Amazon Best Sellers Rank: #356,277 in Books (See Top 100 in Books)

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Customer Reviews

8 Reviews
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Average Customer Review
4.4 out of 5 stars (8 customer reviews)
 
 
 
 
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9 of 9 people found the following review helpful:
5.0 out of 5 stars Excellent for its indended audience, February 20, 2001
By A Customer
This review is from: Mathematics for Economics and Finance: Methods and Modelling (Paperback)
This book is great for undergraduate economics students who need to brush up on essential calculus and matrix algebra. It's absolutely packed with worked examples to get your problem solving skills up to speed. It's also a bargain in paperback. However, it is not a comprehensive mathematical economics textbook. I found it very useful up to the advanced undergraduate level, but for graduate level work in economics you will need something a bit more rigorous.
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9 of 9 people found the following review helpful:
5.0 out of 5 stars Should be Required Reading, February 25, 2004
By A Customer
This review is from: Mathematics for Economics and Finance: Methods and Modelling (Paperback)
I'm not going to pretend to be a stellar mathematician. Calc 1 was a breeze but multivariable calc was way beyond me (so beyond me that I dropped it). However, calculus is, unfortunately, crucial for economics (my major), and getting some supplementary literature was the best choice I made. I don't think this is going to help anyone learn about auction theory or give anyone a substantial understanding of the subject of economics. This is more like a fusion of math text and economics literature, guiding the reader through several practical, undergraduate-level problems. In my opinion, this makes the mathematics involved in economics digestible.
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9 of 9 people found the following review helpful:
4.0 out of 5 stars Good but not comprehensive, June 8, 2002
By A Customer
This review is from: Mathematics for Economics and Finance: Methods and Modelling (Paperback)
This is a good textbook on explaining mathematics for economics gradually. However, it does not contain enough further details on certain topics such as optimization, game theory, linear programming. But it is worth reading if you are starting your undergraduate program in Economics.
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Inside This Book (learn more)
First Sentence:
In this book we use the language of mathematics to describe situations which occur in economics. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
efficient small firm, composite function rule, startup point, using row operations, auxiliary equation, unit costs for capital, optimal bundle, cobweb model, using elementary row operations, following recurrence equation, equivalent annual rate, constrained optimisation problem, arbitrage portfolio, amount realised, inverse demand function, echelon form, augmented matrix, two distinct solutions, corresponding homogeneous equation, technology matrix, free unknowns, marginal cost function, typical contours
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Example Suppose, Exercises Exercise, Example Consider, Euler's Theorem
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