Basic Methods of Mathematical Economics (4th Edition)

Author: (USA) C. H. Wang, (Canada) Kelvin W. Whang
Publisher:
Publish Date: 2006-11-01
Features: Basic Methods of Mathematical Economics (4th Edition) (Hardcover) combines the application of mathematical methods in economics, explaining matrix algebra, derivatives and differentiation, calculus, differential and difference equations, and optimal control theory in a step-by-step manner. The book omits overly complex mathematical proofs and focuses on the economic applications of mathematical methods. It includes numerous examples and exercises, making it suitable for economics majors dedicated to learning fundamental mathematical methods, as well as for self-study. This is a classic textbook in mathematical economics, widely recognized by users both domestically and internationally since its first publication. The book covers the following main topics: static (equilibrium) analysis, comparative static analysis, optimization problems, and dynamic analysis. It explains the main mathematical methods used in economics, such as matrix algebra, derivatives and differentiation, calculus, differential and difference equations, and optimal control theory, in a step-by-step and progressive manner. The book omits overly complex mathematical proofs and focuses on the economic applications of mathematical methods, with numerous examples and exercises interspersed throughout, making it suitable for economics majors dedicated to learning fundamental mathematical methods, as well as for self-study. While maintaining the main purpose, style, and structure of previous editions, this edition (4th Edition) has made the following improvements: first, it places mathematical programming problems in Chapter 13 ("Optimization Problems"), naming it "Other Topics in Optimization Problems"; second, it adds new content on optimal control theory (Chapter 20); additionally, some exercises have been reorganized to better reinforce learning while boosting students' confidence and providing them with opportunities to perform better. The book explains the main mathematical methods used in economics, such as matrix algebra, derivatives and differentiation, calculus, differential and difference equations, and optimal control theory, in a step-by-step and progressive manner. The book omits overly complex mathematical proofs and focuses on the economic applications of mathematical methods, with numerous examples and exercises interspersed throughout, making it suitable for economics majors dedicated to learning fundamental mathematical methods, as well as for self-study.