Mathematics for Economics and Finance: Methods and Modelling (Paperback)
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Short Description for Mathematics for Economics and Finance An introduction to mathematical modelling in economics and finance.
- Published: 13 July 1996
- Format: Paperback 407 pages
- ISBN 13: 9780521559133 ISBN 10: 0521559138
- Sales rank: 59,654
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Full description for Mathematics for Economics and Finance
Mathematics has become indispensable in the modelling of economics, finance, business and management. Without expecting any particular background of the reader, this book covers the following mathematical topics, with frequent reference to applications in economics and finance: functions, graphs and equations, recurrences (difference equations), differentiation, exponentials and logarithms, optimisation, partial differentiation, optimisation in several variables, vectors and matrices, linear equations, Lagrange multipliers, integration, first-order and second-order differential equations. The stress is on the relation of maths to economics, and this is illustrated with copious examples and exercises to foster depth of understanding. Each chapter has three parts: the main text, a section of further worked examples and a summary of the chapter together with a selection of problems for the reader to attempt. For students of economics, mathematics, or both, this book provides an introduction to mathematical methods in economics and finance that will be welcomed for its clarity and breadth.