This text offers the ideal approach for economics and business students seeking to understand the mathematics relevant to them. Each chapter demonstrates basic mathematical techniques, while also explaining the economic analysis and business context where each is used. By following the worked examples and tackling the practice problems, students will discover how to use and apply each of these techniques. Now in its second edition, the text features expanded summaries of economic analysis, new sections on matrix algebra and linear programming, and additional demonstrations of economics applications. Along with these new features, the book continues to separate mathematical methods and economics applications into discrete sections, allowing the student to learn the mathematics needed, or to proceed immediately to the economics examples. Although the book is complete in itself, it also encourages students to develop their understanding of both mathematics and economics by using the interactive CD-ROM in the back of the book.
This CD-ROM includes the award-winning MathEcon software, Excel files, Powerpoint slides, all definitions and 'remember' boxes, and additional practice questions. In its flexibility, comprehensiveness, and readable format, this text will continue to serve as an essential resource for students in this area.
Table of Contents
Preface.Features of the Book.List of MathEcon Screens.List of Excel Worksheets.1. Functions in Economics.2. Equations in Economics.3. Macroeconomic Models.4. Changes, Rates, Finance and Series.5. Differentiation in Economics.6. Maximum and Minimum Values.7. Further Rules of Differentiation.8. Partial Differentiation in Economics.9. Constrained Maxima and Minima.10. Integration in Economics.11. Linear Programming.12. Matrices in Economics.Index
Jean Soper is Lecturer in Economics at the University of Leicester and is involved in the Executive Committee responsible for the continuing development of WinEcon.