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FUNDAMENTALS METHODS OF MATHEMATICAL ECONOMICS 4TH EDITION

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The book is oriented towards students who already have a solid grasp of calculus and would like to make a revision or use it as a referece book. I read every chapter except the last one carefully and did all the exercises whenever there are answers for them. You can change your choices at any time by visiting Cookie preferences, as described in the Cookie notice. Economic topics of equilibrium analysis, comparative-static analysis, economic dynamics and optimization are covered using mathematical techniques such as matrix algebra, differential equations, convex sets and mathematical programming in their solution.

I used this book (in Spanish) at the university and haven't come across any better one despite the years. Through a complete integration of mathematics and economics along with a very patient exposition, the author attempts to maintain the emphasis on economics. Spielerisch führt er den Leser durch die Thematik und bevor man sich versieht, hat man Kuhn-Tucker bewiesen oder dynamische Gleichungen verstanden. These mathematical methods are introduced: matrix algebra, differential and integral calculus, differential equations, difference equations, and convex sets.What struck me the most with this book is how Professor Chiang takes such care and effort to explain everything in words, as clearly as possible. This book is unique because it makes this link and reveals the beauty of maths not as abstract concepts, but as a useful tool to solve every day problems. The exercises follows each session is a good examination for the important definitions and theory, clearing any misunderstanding in understand the book, which reveals that the author is really good at teaching.

Many mathematical economics books are very heavy to follow, and don´t actually aim to the main goal: making the student fully understand the context and mathematics behind it. Kevin Wainwright (British Columbia University and Simon Fraser University), a long time user of the text, has executed the perfect revision: he has updated examples, applications and theory without changing the elegant, precise presentation style of Alpha Chiang.The best-selling, best known text in Mathematical Economics course, Chiang teaches the basic mathematical methods indispensable for understanding current economic literature. Really recommend it for graduate students , especially those like myself with a history of math-phobia! Ein kleines Manko ist, dass nach mehr als 500 Seiten kein Platz mehr ist für mehrdimensionale Systeme. These mathematical methods are matrix algebra, differential and integral calculus, differential equations, difference equations, and convex sets. These major types of economic analysis are covered: statics, comparative statics, optimization problems, dynamics, and mathematical programming.

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