Using Mathematics in Economic Analysis
For undergraduate courses in Mathematical Economics where students have completed a first course in Calculus and Intermediate Microeconomic Theory and/or Intermediate Macroeconomic Theory. Also serves as a supplement to the standard Intermediate Microeconomic and Macroeconomic Theory courses, graduate programs in Economics, and Master's programs in Business and Public Policy.This text is designed to help students develop mathematical skills that will open up a new dimension of economic analysis, thereby enhancing their understanding of economic theories.
- Hardback | 604 pages
- 176.8 x 243.3 x 27.2mm | 1,070.49g
- 21 Aug 2001
- Pearson Education (US)
- Upper Saddle River, NJ, United States
- Revised and 1964/ Special and Updated to Include New Develop
Back cover copy
A first edition that offers a new perspective on mathematical economics. The emphasis throughout the text is not on mathematical theorems and formal proofs, but on how mathematics can enhance our understanding of the economic behavior under study. An efficient and effective writing style, placing a premium on clear explanation, builds confidence as students, move through the text.
Table of contents
1. Introduction to Economic Models. 2. A Review of Some Basic Mathematics. I. ANALYSIS OF MARKETS. 3. Perfectly Competitive Markets: Static Analysis. 4. Perfectly Competitive Markets: Dynamic Analysis. 5. Systems of Linear Equations and General Equilibrium. II. OPTIMIZATION. 6. Theory of the Firm: Short-Run Decision Rules. 7. Competition Among Many: Perfectly Competitive Firms and Monopolistically Competitive Firms. 8. Monopolies and Monopsonies. 9. Duopolies and Oligopolies. 10. Theory of the Firm: Constrained Optimization. 11. Theory of the Firm: Inequality Constraints. 12. Theory of Consumer Behavior. III. MACROECONOMIC ANALYSIS. 13. Basic Macroeconomic Models: Input-Output Analysis and a Simple Keynesian Model. 14. IS-LM and Aggregate Demand-Aggregate Supply Models. 15. Growth Rates and Growth Models.
"All the necessary tools and concepts are gradually built by looking at different markets ... Part 1 gives them the idea of the market interaction; Part II helps them understand the microstructure of the market; and in Part III they learn the macro aspect of the economy. With the many illustrations and numerical examples, students should be able to formulate firm or consumer behaviors, and solve basic equilibriums in the economy. This is very useful for them if they need to use their skills in real life ... The author has a very effective writing style. I have been looking for such a text for a long time." -- Kajal Mukhopadhyay, University of Notre Dame