This text explains the basics of mathematics and how it can be used in economics. The book is an ideal introduction to mathematics for students of economics, whatever their mathematical background. The first part of the book deals with equation systems and their solutions. It draws the distinction between the structural and reduced forms of equation systems and this provides a recurring theme throughout the book. The middle section deals with differential and integral calculus with particular stress on constrained optimisation problems. There are separate chapters on the mathematical economics of the firm and the consumer, and the book concludes with introductions to dynamic analysis and matrix algebra.
A new section on basic algebra will be included at the beginning of the text, which will provide the mathematical prerequisites for a proper understanding of the rest of the book and would aim to remedy any mathematical deficiencies of students entering university.
More exercises will be added throughout the book, particularly examples involving comparative statics.
The chapter on matrix algebra will be expanded to involve determinants and more material on inverse matrices.
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Inside This Book
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Key Phrases - Statistically Improbable Phrases (SIPs):
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using mathematics, flow equilibrium values, full stock equilibrium, flow supply functions, net flow variable, flow demand function, excess market demand, excess flow demand, constant proportionate rate, equiproportionate changes, constrained maximisation problem, natural exponential function, single unique solution, labour curve, equilibrium price level, total revenue function, desired consumption, common intersection point, total cost function, desired sales, reduced form equations Key Phrases - Capitalized Phrases (CAPs): (learn more)
Economics Example, Economics Notice, Fundamental Methods of Mathematical Economics Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
using mathematics, flow equilibrium values, full stock equilibrium, flow supply functions, net flow variable, flow demand function, excess market demand, excess flow demand, constant proportionate rate, equiproportionate changes, constrained maximisation problem, natural exponential function, single unique solution, labour curve, equilibrium price level, total revenue function, desired consumption, common intersection point, total cost function, desired sales, reduced form equations Key Phrases - Capitalized Phrases (CAPs): (learn more)
Economics Example, Economics Notice, Fundamental Methods of Mathematical Economics Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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