Mathematics for Economics
An integrated approach
3rd Edition
Published on 15. March 2013
Book
Paperback/Softback
544 pages
978-0-230-27892-9 (ISBN)
Description
This book shows how mathematics is used in developing economic theory and in applied economic analysis. The text gradually develops the mathematical skills needed by students and allows them to progress at their own pace. A wide variety of examples shows how, and why, the application of mathematics has become essential to economists.
Reviews / Votes
"In my several years of teaching mathematical methods in undergraduate economics I have found that what the students find particularly hard and difficult to grasp is not the mathematics itself but how to make mathematics "sing" economics. This book does a great job by teaching how mathematics used in economic models both reveals and is enlivened by economic intuition." - Sujoy Mukerji, Oxford University, UK "Maths is necessary to learn and understand modern economic theory: Wisniewski's book is ideal for economics and business students that do not want to get lost in mathematical technicalities but aim at fully understanding the economic mechanisms behind it. The book covers a wide range of topics, the incremental structure allows students to start from the very basics to gradually reach the appropriate level, and all the instruments are presented simply and intuitively with an eye always on the economic applications." Carlo Reggiani, The University of Manchester, UKMore details
Edition
3rd ed. 2013
Language
English
Place of publication
London
United Kingdom
Publishing group
Bloomsbury Publishing PLC
Target group
College/higher education
Dimensions
Height: 246 mm
Width: 189 mm
Thickness: 29 mm
Weight
1032 gr
ISBN-13
978-0-230-27892-9 (9780230278929)
DOI
10.1007/978-1-137-01546-4
Schweitzer Classification
Person
Mik Wisniewski is a Senior Research Fellow at the University of Strathclyde Business School, UK where he has specific research interests in performance measurement and performance management, particularly for public sector organisations. His research expertise relates to benchmarking, process mapping and the use of the balanced scorecard as well as business analysis and modelling. He has extensive teaching and consultancy experience across the UK, Europe, Africa and the Middle East in the areas of economic analysis, modelling and forecasting. He has worked with companies such as British Energy, British Gas, Shell, Scottish Power and with a variety of public sector organisations.
Content
Introduction.- PART I: THE BUILDING BLOCKS OF ECONOMIC ANALYSIS.- Tools of the Trade: the Basics of Algebra.- Linear Relationships in Economic Analysis.- Non-linear Relationships in Economic Analysis.- PART II: LINEAR MODELS IN ECONOMIC ANALYSIS.- The Principles of Linear Models.- Market Supply and Demand Models.- National Income Models.- Matrix Algebra the Basics.- Matrix Algebra the Matrix Inverse.- Economic Analysis with Matrix Algebra.- Economic Analysis with Matrix Algebra: Input-output Analysis.- PART III: OPTIMIZATION IN ECONOMIC ANALYSIS.- Quadratic Functions in Economic Analysis.- The Derivative and the Rules of Differentiation.- Derivatives and Economic Analysis.- The Principles of Optimization.- Optimization in Economic Analysis.- Optimization in Production Theory.- PART IV: OPTIMIZATION WITH MULTIPLE VARIABLES.- Functions of More Than Two Variables.- Analysis of Multi-variable Economic Models.- Unconstrained Optimization.- Constrained Optimization.- PART V: FURTHER TOPICS IN ECONOMIC ANALYSIS.- Integration and Economic Analysis.- Financial Analysis in Economics I: Interest and Present Value.- Financial Analysis in Economics II: Annuities, Sinking Funds and Growth Models.- An Introduction to Dynamics.- Probability and Economic Analysis.- Appendices.- The Greek Alphabet.- Solutions to the Learning Check Activities.- Solutions to the Progress Check Activities.- Outline Solutions to the End-of-module Exercises.