Mathematics for Economics and Finance
Methods and Modelling
 Authors:
 Martin Anthony, London School of Economics and Political Science
 Norman Biggs, London School of Economics and Political Science
 Date Published: July 1996
 availability: In stock
 format: Paperback
 isbn: 9780521559133
Paperback

Mathematics has become indispensable in the modelling of economics, finance, business and management. Without expecting any particular background of the reader, this book covers the following mathematical topics, with frequent reference to applications in economics and finance: functions, graphs and equations, recurrences (difference equations), differentiation, exponentials and logarithms, optimisation, partial differentiation, optimisation in several variables, vectors and matrices, linear equations, Lagrange multipliers, integration, firstorder and secondorder differential equations. The stress is on the relation of maths to economics, and this is illustrated with copious examples and exercises to foster depth of understanding. Each chapter has three parts: the main text, a section of further worked examples and a summary of the chapter together with a selection of problems for the reader to attempt. For students of economics, mathematics, or both, this book provides an introduction to mathematical methods in economics and finance that will be welcomed for its clarity and breadth.
Read more Authors have been teaching this at LSE for several years
 Very broad coverage of topics
 No mathematical fudging yet clear presentation
 Suitable for both maths and economics backgrounds
Reviews & endorsements
'Throughout, the stress is firmly on how the mathematics relates to economics, and this is illustrated with copious examples and exercises that will foster depth of understanding.' L'Enseignement Mathématique
Customer reviews
31st Jul 2013 by 140394
perfect and simplified excellently wow!
Review was not posted due to profanity
×Product details
 Date Published: July 1996
 format: Paperback
 isbn: 9780521559133
 length: 407 pages
 dimensions: 228 x 152 x 23 mm
 weight: 0.658kg
 availability: In stock
Table of Contents
1. Mathematical models in economics
2. Mathematical terms and notations
3. Sequences, recurrences and limits
4. Elements of finance
5. The cobweb model
6. Introduction to calculus
7. Some special functions
8. Introduction to optimisation
9. The derivative in economics I
10. The derivative in economics II
11. Partial derivatives
12. Applications of partial derivatives
13. Optimisation in two variables
14. Vectors, preferences and convexity
15. Matrix algebra
16. Linear equations I
17. Linear equations II
18. Inverse matrices
19. The input output model
20. Determinants
21. Constrained optimisation
22. Lagrangians and the consumer
23. Secondorder recurrence equations
24. Macroeconomic applications
25. Areas and integrals
26. Techniques of integration
27. Firstorder differential equations
28. Secondorder differential equations
Selected solutions.Instructors have used or reviewed this title for the following courses
 Business Mathematics
 Fundamental Methods of Mathematical Economics
 Intro to Linear Algebra
 Intro to Mathematical Economics
 Linear Algebra
 Math for Social Sciences
 Mathematics for Finance
 Quantitative Methods for Economics and Business
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