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Mathematics for Economics

Author

Listed:
  • Michael Hoy

    (University of Guelph)

  • John Livernois

    (University of Guelph)

  • Chris McKenna

    (University of Guelph)

  • Ray Rees

    (Ludwig Maximilians University)

  • Thanasis Stengos

    (University of Guelph)

Abstract

This text offers a comprehensive presentation of the mathematics required to tackle problems in economic analyses. To give a better understanding of the mathematical concepts, the text follows the logic of the development of mathematics rather than that of an economics course. The only prerequisite is high school algebra, but the book goes on to cover all the mathematics needed for undergraduate economics. It is also a useful reference for graduate students. After a review of the fundamentals of sets, numbers, and functions, the book covers limits and continuity, the calculus of functions of one variable, linear algebra, multivariate calculus, and dynamics. To develop the student’s problem-solving skills, the book works through a large number of examples and economic applications. This streamlined third edition offers an array of new and updated examples. Additionally, lengthier proofs and examples are provided on the book’s website. The book and the Web material are cross-referenced in the text. A Student Solutions Manual is available in e-book form, and instructors are able to access online the Instructor’s Manual, which includes PowerPoint slides.

Suggested Citation

  • Michael Hoy & John Livernois & Chris McKenna & Ray Rees & Thanasis Stengos, 2011. "Mathematics for Economics," MIT Press Books, The MIT Press, edition 3, volume 1, number 0262015072, December.
    • Handle: RePEc:mtp:titles:0262015072
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    Citations

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    Cited by:

    1. Goyal, Ashima & Tripathi, Shruti, 2014. "Stability and Transitions in Emerging Market Policy Rules," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 49(2), pages 153-172.
    2. Zrinka Lukač, 2023. "Optimal tax policy for single homogeneous commodity on n markets with export costs as a Stackelberg game," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 31(3), pages 873-890, September.
    3. Ebrahim, M. Shahid, 2009. "Can an Islamic model of housing finance cooperative elevate the economic status of the underprivileged?," Journal of Economic Behavior & Organization, Elsevier, vol. 72(3), pages 864-883, December.
    4. World Bank, 2004. "Guinea Bissau - The Challenge of Restoring Budgetary Discipline : A Public Expenditure Review," World Bank Publications - Reports 14682, The World Bank Group.
    5. Firdous Ahmad Mala, 2022. "Kam Yu, Mathematical economics: prelude to the neoclassical model," Journal of Economics, Springer, vol. 136(1), pages 93-96, June.
    6. John Revesz, 2020. "A Model of the Optimal Tax Mix Including Capital Taxation," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 48(3), pages 387-402, September.
    7. Noman Arshed & Rukhsana Kalim, 2021. "Modelling demand and supply of Islamic banking deposits," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 2813-2831, April.
    8. Takemura, Ryo, 2020. "Economic reasoning with demand and supply graphs," Mathematical Social Sciences, Elsevier, vol. 103(C), pages 25-35.
    9. Miloš Hitka & Lenka Ližbetinová, 2023. "Human potential of talents in agriculture and forestry in context of Agriculture 4.0," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 69(6), pages 223-233.
    10. Mathias Kifmann, 2008. "Age-Dependent Taxation and the Optimal Retirement Benefit Formula," German Economic Review, Verein für Socialpolitik, vol. 9, pages 41-64, February.

    More about this item

    Keywords

    mathematics;

    JEL classification:

    • C0 - Mathematical and Quantitative Methods - - General

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