Mathematics for Economics and Finance
Methods and Modelling
2nd Edition
Published on 23. May 2024
978-1-108-69372-1 (ISBN)
Description
Accessible, concise, and interactive, this book introduces the mathematical methods that are indispensable in economics and finance. Fully updated to be as student friendly as possible, this edition contains extensive problems, worked examples and exercises (with full solutions at the end of the book). Two brand new chapters cover coupled systems of recurrence/differential equations, and matrix diagonalisation. All topics are motivated by problems from economics and finance, demonstrating to students how they can apply the mathematical techniques covered. For undergraduate students of economics, mathematics, or both, this book will be welcomed for its clarity and breadth and the many opportunities it provides for readers to practise and test their understanding.
Reviews / Votes
Review of the first edition: '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 Mathematique 'This is a very good book for building foundational skills in the topic. I highly recommend this to any student looking to build their mathematical skills and also as a quick reference to brush up skills if you are out-of-practice.' Manoj Kulchania, Wayne State UniversityMore details
Edition
2nd Revised edition
Language
English
Place of publication
Cambridge
United Kingdom
Edition type
Revised edition
Illustrations
Worked examples or Exercises
File size
8,79 MB
ISBN-13
978-1-108-69372-1 (9781108693721)
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Schweitzer Classification
Other editions
Additional editions
Book
05/2024
2nd Edition
Cambridge University Press
€147.50
Shipment within 15-20 days
Book
05/2024
2nd Edition
Cambridge University Press
€62.50
Shipment within 15-20 days
Persons
Content
Preface to second edition; Preface to first edition; 1. Mathematical models in economics; 2. Mathematical terms and notations; 3. Sequences, recurrences, limits; 4. The elements of finance; 5. The cobweb model; 6. Introduction to calculus; 7. Some special functions; 8. Introduction to optimisation; 9. The derivative in economics - I; 10. The derivative in economics - II; 11. Partial derivatives; 12. Applications of partial derivatives; 13. Optimisation in two variables; 14. Vectors, preferences, and convexity; 15. Matrix algebra; 16. Linear equations - I; 17. Linear equations - II; 18. Inverse matrices; 19. The input-output model; 20. Determinants; 21. Constrained optimisation; 22. Lagrangians and the consumer; 23. Second-order recurrence equations; 24. Macroeconomic applications; 25. Areas and integrals; 26. Techniques of integration; 27. First-order differential equations; 28. Second-order differential equations; 29. Coupled systems and diagonalisation; 30. Applications of diagonalisation; Appendix A. Solutions to exercises; Appendix B. Answers to problems; Index.
