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Maths for Economics

Geoff Renshaw

Price: £35.99 (Paperback)
ISBN-13: 978-0-19-926746-0
Publication date: 19 May 2005
908 pages, numerous line drawings, graphs, tables, halftones and mathematical examples, 246x189 mm

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Reviews
  • 'Thanks for re-instilling my confidence in maths again." Roy Feyer, student, University of Queensland' -
  • 'Geoff Renshaw's Maths for Economics is an important new text aimed at entry-level undergraduate students. It is a testament to the efforts of the author that reading the text is almost like listening to a classroom discussion, While students with a strong background in mathematics might want to find a more laconic exposition, it is hard to imagine a better text for those without such an advantage. ' - Arup Daripa, lecturer in economics, Birkbeck, University of London
  • 'Instructors of introductory undergraduate courses often face a trade-off between going over each step so that all students can keep up and ensuring adequate breadth of coverage across topics. In explaining each step thoroughly, this book should ease the problem and will surely feature as a principal text for introductory undergraduate mathematics courses in economics department across the world.' - Arup Daripa, lecturer in economics, Birkbeck, University of London

Description
  • Assumes very little prior mathematical knowledge, and no prior economics knowledge.
  • Provides students with the full range of mathematical techniques that they require to study economics.
  • Rebuilds self-confidence and motivation in many students who are bruised and de-motivated by their previous contact with mathematics.
  • Understanding is reinforced and consolidated at each step with numerous examples, exercises and self tests.
  • Aims to progress the student beyond mechanical exercises to the creative use of maths as a tool-kit for analysis in theoretical and applied economics.
Maths for Economics provides a solid foundation in mathematical principles and methods for economics and business students. It aims to build self-confidence in maths, by adopting a de-mystifying, user-friendly style and by reinforcing learning at each step through worked examples and test exercises. The book assumes little prior knowledge and its first section makes it suitable whether or not students have studies maths at A-level.

Part I revises and consolidates the basic skills in algebraic manipulation, solving equations and curve sketching at GCSE level. Better-qualified students can skip this and proceed directly to Parts II-IV, which develop and apply the core mathematical techniques required by typical first degree courses in economics. Part V contains some more specialised topics and some "tasters" of more advanced techniques.

This book will help students acquire the core mathematical skills that they will need to succeed in business and economics degrees.

ONLINE RESOURCE CENTRE
For lecturers: test exercises, graphs from the text and answers to the test exercises.

For students: 'ask the author' forum, a guide to using Excel, further exrecises and expanded solutions to progress exercises.

Readership: Undergraduate students on mathematics for economics courses taught as a core, compulsory module in most economics courses in the UK. Also business studies students taking economics options.

Contents
Part I: Foundations
1. Arithmetic
2. Algebra
3. Linear equations
4. Quadratic equations
5. Some further equations and techniques
Part II: Optimisation with one independent variable
6. Derivatives and differentiation
7. Derivatives in action
8. Economic applications of functions and derivatives
9. Elasticity
Part III: Mathematics of finance and growth
10. Compound growth and present discounted value
11. The exponential function and logarithms
12. Continuous growth and the natural exponential function
13. Derivatives of exponential and logarithmic functions and their applications
Part IV: Optimisation with two or more independent variables
14. Functions of two or more independent variables
15. Maximum and minimum values, the total differential and applications
16. Constrained maximum and minimum values
17. Returns to scale and homogeneous functions; partial elasticities; logarithmic scales; growth accounting
Part V: Some further topics
18. Integration
19. Matrix algebra
20. Difference and differential equations
21. Extensions and future directions (by Norman Ireland)

Authors, editors, and contributors


Geoff Renshaw, Department of Economics, University of Warwick

Contributors:Norman Ireland, University of Warwick

Links to web resources and related information
More in the same subject area:
Applied mathematics

The specification in this catalogue, including without limitation price, format, extent, number of illustrations, and month of publication, was as accurate as possible at the time the catalogue was compiled. Occasionally, due to the nature of some contractual restrictions, we are unable to ship a specific product to a particular territory. Jacket images are provisional and liable to change before publication.

 
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