Mathematics for Economics: An Integrated Approach

ISBN-13: 9780230278929 / Angielski / Miękka / 2013 / 544 str.

Mik Wisniewski

Opis

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.

Spis treści

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.

O autorze

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. 

Blurb

Mik Wisniewski's Mathematics for Economics introduces and develops the mathematical skills and techniques necessary for any serious study of economics. The approach taken throughout the book is integrative, showing how mathematical techniques are an essential part of economic analysis. In this way the author is able to effectively illustrate the useful insights into economic behaviour that only mathematics can bring.

The practical focus of the book is reflected in its modular structure, in which concepts are presented in student-friendly chunks. Each module first illustrates why economists need a particular mathematical skill or technique. Next, the key principles of that mathematical technique are developed and explained. Finally, we see how that technique can be applied to common economic situations in order to improve our understanding of economic principles and behaviour.
 
Key features of the third edition include:
• A clear focus on the practical usefulness of mathematics to economic analysis
• A gradual progression of mathematical material throughout the text
• Ideal for students who have a limited mathematical background, but provides pathways for students to proceed at their own pace
• Progress Check and Knowledge Check activities throughout each module, so that students can check their own understanding
• Fully-worked examples are integrated into the end of each module showing a more complete and complex application to the student
• New module on probability in economic analysis
 
Available to lecturers: Access to a companion website at http://www.palgrave.com/companion/Wisniewski-Mathematics-For-Economics-Third-Edition/, which includes PowerPoint slides and an instructor's resource manual containing fully worked solutions to end-of-module exercises, as well as additional exercises for each module.