Fundamental Methods of Mathematical Economics by Alpha C. ChiangAs in the previous edition, the purpose of this text is to introduce mathematical techniques to economics students. Through a complete integration of mathematics and economics along with a very patient exposition, the author attempts to maintain the emphasis on economics. Economic topics of equilibrium analysis, comparative-static analysis, economic dynamics and optimization are covered using mathematical techniques such as matrix algebra, differential equations, convex sets and mathematical programming in their solution.
Fundamental Methods of Mathematical Economics
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The best-selling, best known text in Mathematical Economics course, Chiang teaches the basic mathematical methods indispensable for understanding current economic literature. To underscore the relevance of mathematics to economics, the author allows the economist's analytical needs to motivate the study of related mathematical techniques; he then illustrates these techniques with appropriate economics models. Graphic illustrations often visually reinforce algebraic results. Many exercise problems serve as drills and help bolster student confidence. These major types of economic analysis are covered: statics, comparative statics, optimization problems, dynamics, and mathematical programming. These mathematical methods are introduced: matrix algebra, differential and integral calculus, differential equations, difference equations, and convex sets. Convert currency.
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