Further Mathematics for Economic Analysis
Editorial Reviews
Book Description
Further Mathematics for Economic Analysis Further Mathematics for Economic Analysis is intended for advanced undergraduate and graduate students of economics whose mathematical requirements go beyond the material usually taught in undergraduate courses. In particular, it presents most of the mathematical tools required for typical graduate courses in economic theory --- both micro and macro. This volume continues the mathematical treatment from the very successful basic undergraduate textbook, Essential Mathematics for Economic Analysis by the same authors. This advanced mathematics for economics text is demanding in level and broad ranging in content, whilst remaining accessible and interesting to its target audience. The book can be used by anybody who has a basic training in mathematical analysis and linear algebra. An important aspect of the book is its systematic treatment of dynamic programming, the calculus of variations, and optimal control theory. Some early chapters review and extend elementary matrix algebra, multivariable calculus, and static optimization. Other chapters present multiple integration, as well as ordinary difference and differential equations, including systems of equations. There is also a chapter on elementary topology in R^n, set-valued functions, and fixed-point theorems. Key Features Covers all topics appropriate for an advanced course in mathematics for economics. Each section of every chapter includes worked examples and problems for students to solve as exercises. Exercises range in level from more straightforward to challenging and suggested solutions to odd-numbered problems are provided. Includes a large selection of economic examples. Includes class tested material on optimal control theory. Includes a chapter on dynamic programming. Excellent approach and writing style - well tested. The website includes extra problems and proofs of some of the more technical results Instructor's manual includes answers to remaining questions.
From the Back Cover
Further Mathematics for Economic Analysis
By Sydsæter, Hammond, Seierstad and Strøm
Further Mathematics for Economic Analysis is a companion volume to the highly regarded Essential Mathematics for Economic Analysis by Knut Sydsæter and Peter Hammond. The new book is intended for advanced undergraduate and graduate economics students whose requirements go beyond the material usually taught in undergraduate mathematics courses for economists. It presents most of the mathematical tools that are required for advanced courses in economic theory — both micro and macro.
This second volume has the same qualities that made the previous volume so successful. These include mathematical reliability, an appropriate balance between mathematics and economic examples, an engaging writing style, and as much mathematical rigour as possible while avoiding unnecessary complications. Like the earlier book, each major section includes worked examples, as well as problems that range in difficulty from quite easy to more challenging. Suggested solutions to odd-numbered problems are provided.
Key Features
· Systematic treatment of the calculus of variations, optimal control theory and dynamic programming.
· Several early chapters review and extend material in the previous book on
elementary matrix algebra, multivariable calculus, and static optimization.
· Later chapters present multiple integration, as well as ordinary differential and difference equations, including systems of such equations.
· Other chapters include material on elementary topology in Euclidean space, correspondences, and fixed point theorems.
A website is available which will include solutions to even-numbered problems (available to instructors), as well as extra problems and proofs of some of the more technical results.
Peter Hammond is Professor of Economics at Stanford University. He is a prominent theorist whose many research publications extend over several different fields of economics. For many years he has taught courses in mathematics for economists and in mathematical economics at Stanford, as well as earlier at the University of Essex and the London School of Economics.
Knut Sydsæter, Atle Seierstad, and Arne Strøm all have extensive experience in teaching mathematics for economists in the Department of Economics at the University of Oslo. With Peter Berck at Berkeley, Knut Sydsæter and Arne Strøm have written a widely used formula book, Economists' Mathematical Manual (Springer, 2000). The 1987 North-Holland book Optimal Control Theory for Economists by Atle Seierstad and Knut Sydsæter is still a standard reference in the field.
Further Mathematics for Economic Analysis,Knut Sydsaeter,Peter Hammond,Atle Seierstad,Arne Strom,Prentice Hall,0273655760,Business & Economics,Business / Economics / Finance,Business Mathematics,Business/Economics,Econometrics,Economics - General,Economics, Mathematical,Business & Economics / Economics / General,Economic theory & philosophy,Mathematics
Hot Books:
Recommended Books