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Mathematics for Economics 3ed

by Michael Hoy, John Livernois, Chris McKenna, Ray Rees and Thanasis Stengos The MIT Press
Pub Date:
Pbk 974 pages
AU$159.00 NZ$166.96
Product Status: Out of stock. Not available to order.
This text offers a comprehensive presentation of the mathematics required to tackle problems in economic analysis. To give a better understanding of the mathematical concepts, the text follows the logic of the development of mathematics rather than that of an economics course. The only prerequisite is high school algebra, but the book goes on to cover all the mathematics needed for undergraduate economics. It is also a useful reference for graduate students. After a review of the fundamentals of sets, numbers, and functions, the book covers limits and continuity, the calculus of functions of one variable, linear algebra, multivariate calculus, and dynamics. To develop the student’s problem-solving skills, the book works through a large number of examples and economic applications.

This streamlined third edition offers an array of new and updated examples. [Some of the lengthier proofs and examples have been moved to the book’s Web site. This combination of formats allows the authors to add content without expanding the physical size of the book. The book and the Web material are integral to each other; examples and figures on the Web are cross-referenced in the text. A student solutions manual will be available in e-book form. Instructors will be able to access online instructor’s material that includes Power Point slides.

Preface / Part I Introduction and Fundamentals / Chapter 1 Introduction / Chapter 2 Review of Fundamentals / Chapter 3 Sequences, Series, and Limits / Part II Univariate Calculus and Optimization / Chapter 4 Continuity of Functions / Chapter 5 The Derivative and Differential for Functions of One Variable / Chapter 6 Optimization of Functions of One Variable / Part III Linear Algebra / Chapter 7 Systems of Linear Equations / Chapter 8 Matrices / Chapter 9 Determinants and the Inverse Matrix / Chapter 10 Some Advanced Topics in Linear Algebra / Part IV Multivariate Calculus / Chapter 11 Calculus for Functions of n-Variables / Chapter 12 Optimization of Functions of n-Variables / Chapter 13 Constrained Optimization / Chapter 14 Comparative Statics / Chapter 15 Concave Programming and the Kuhn-Tucker Conditions / Part V Integration and Dynamic Methods / Chapter 16 Integration / Chapter 17 An Introduction to Mathematics for Economic Dynamics / Chapter 18 Linear, First-Order Difference Equations / Chapter 19 Nonlinear, First-Order Difference Equations / Chapter 20 Linear, Second-Order Difference Equations / Chapter 21 Linear, First-Order Differential Equations / Chapter 22 Nonlinear, First-Order Differential Equations / Chapter 23 Linear, Second-Order Differential Equations / Chapter 24 Simultaneous Systems of Differential and Difference Equations / Chapter 25 Optimal Control Theory / Answers / Index.

Michael Hoy is a faculty member in the Economics Department at the University of Guelph, Ontario.

John Livernois is a faculty member in the Economics Department at the University of Guelph, Ontario.

Chris McKenna is a faculty member in the Economics Department at the University of Guelph, Ontario.

Ray Rees is a faculty member at the Ludwig Maximilians University, Munich.

Thanasis Stengos is a faculty member in the Economics Department at the University of Guelph, Ontario

Suitable for undergraduate economics students and graduate students.