Description

This is a fully revised edition of the successful text, Introductory Mathematics for Economists. Updated throughout, it covers the essential mathematics required by students of economics and business. The emphasis is on applying mathematics rather than providing theorems, and a wide range of applications are covered with detailed answers provided for many of the exercises.

The book is structured, and the material deliberately selected, to increase in difficulty as the book progresses. Subjects covered include: algebra; linear equations, with immediate applications in simple economic models of markets and the national economy; natural generalizations of elementary matrix algebra and non-linear equations; applications in finance; the groundwork for calculus; profit maximization for a firm, simple inventory models, and other applications of marginal concepts; integration covering both standard analytical techniques and numerical methods; partial differentiation; linear programming; and dynamic relationships in continuous terms and in discrete terms. Three appendices provide extensive treatment of trigonometric functions, an introduction to set theory, and detailed answers to all exercises provided.