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Essential Mathematics for Economic Analysis (2nd Edition), by Knut Sydsaeter, Peter Hammond
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The book is by far the best choice one can make for a course on mathematics for economists. It is exemplary in finding the right balance between mathematics and economic examples. Dr Roelof J Stroeker, Erasmus University, Rotterdam. The writing style is superb it manages to allow intuitive understanding whilst not sacrificing mathematical precision and rigour. Dr Steven Cook, University of Wales Swansea Essential Mathematics for Economic Analysis provides an invaluable introduction to mathematical analysis and linear algebra for economists. Its main purpose is to help students acquire the mathematical skills they need in order to read the less technical literature associated with economic problems. The coverage is comprehensive, ranging from elementary algebra to more advanced material, whilst focusing on all the core topics usually taught in undergraduate courses on mathematics for economists.
- Sales Rank: #1392255 in Books
- Published on: 2005-09-30
- Ingredients: Example Ingredients
- Original language: English
- Number of items: 1
- Dimensions: 9.75" h x .98" w x 7.52" l,
- Binding: Paperback
- 728 pages
From the Back Cover
Essential Mathematics for Economic Analysis, 2nd Edition
Essential Mathematics for Economic Analysis, 2nd Edition, provides an invaluable introduction to the mathematical tools that undergraduate economists need. The coverage is comprehensive, ranging from elementary algebra to more advanced material, whilst focusing on all the core topics that are usually taught in undergraduate courses on mathematics for economists.
FEATURES
An intelligent approach to teaching mathematics, based on years of experience.
Mathematical rigour and a strong focus on mathematical reasoning.
Large selection of worked examples throughout the book. These are not just specific to economics, as most topics are first dealt with from a purely mathematical point of view before providing economic insight.
Large number of problems for students to solve. Answers to selected questions included in the back of the book.
CHANGES TO THIS EDITION
New Chapter 17 on linear programming.
All chapters revised and updated.
Even more economic examples and problem material added.
Extensive resources for students and lecturers on the companion website.
'The book is by far the best choice one can make for a course on mathematics for economists. It is exemplary in finding the right balance between mathematics and economic examples.'
Dr. Roelof J. Stroeker, Erasmus University, Rotterdam.
'The writing style is superb. I found that the style of writing promotes interest and manages to allow intuitive understanding whilst not sacrificing mathematical precision and rigour.'
Dr. Steven Cook, University of Wales, Swansea
Knut Sydsæter is a Professor of Mathematics in the Economics Department at the University of Oslo, where, since 1965, he has had extensive experience in teaching mathematics for economists. He has also given graduate courses in dynamic optimization at Berkeley and Gothenborg. He has written and co-authored a number of books, of which several have been translated into many languages. In recent years he has been engaged in an attempt to improve the teaching of mathematics for economists in several African universities.
Peter Hammond is a Professor of Economics at Stanford University, where he moved in 1979 after holding the same position at the University of Essex. He completed a BA in Mathematics and a PhD in Economics at the University of Cambridge. He has been an editor of the Review of Economic Studies, of the Econometric Society Monograph Series, and served on the editorial boards of Social Choice and Welfare and the Journal of Public Economic Theory. He has published more than 90 academic papers in journals and books, mostly on economic theory and mathematical economics.
Also available:
Further Mathematics for Economic Analysis
by Sydsæter, Hammond, Seierstad and Strøm (ISBN 0 273 65576 0)
Further Mathematics for Economic Analysis is a companion volume to Essential Mathematics for Economic Analysis. It 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.
About the Author
PREFACE 1. INTRODUCTORY TOPICS I: ALGEBRA2. INTRODUCTORY TOPICS II: EQUATIONS3. INTRODUCTORY TOPICS III: MISCELLANEOUS4. FUNCTIONS OF ONE VARIABLE5. PROPERTIES OF FUNCTIONS6. DIFFERENTIATION7. DERIVATIVES IN USE8. SINGLE-VARIABLE OPTIMIZATION9. INTEGRATION10. INTEREST RATES AND PRESENT VALUES11. FUNCTIONS OF MANY VARIABLES12. TOOLS FOR COMPARATIVE STATICS13. MULTIVARIABLE OPTIMIZATION14. CONSTRAINED OPTIMIZATION15. MATRIX AND VECTOR ALGEBRA16. DETERMINANTS AND INVERSE MATRICES17. LINEAR PROGRAMMING APPENDIX: GEOMETRYTHE GREEK ALPHABETANSWERS ODD-NUMBERED PROBLEMSINDEX
Most helpful customer reviews
12 of 14 people found the following review helpful.
Fundamental Mathematical Skills
By JUAN C. GUTIERREZ B.
This book help students acquire mathematical and economic intuition at the same time. There are numerous end of chapter examples and Excel Supplement with exercises. The ordering of the chapters gives to the students the chance to get started learnig first principles of mathematical analysis: Algebra, equations, functions of one variable, differentiation, derivatives, single variable optimization, multivariable optimization, linear algebra & linear programming. The only omission is the absence of eigenvector math.
4 of 5 people found the following review helpful.
Best available choice
By pauldrei
The publisher claims that ``Essential Mathematics for Economic Analysis'' 3.ed, is the market leading text in Europe, hence one picks up this book with some expectations. The topics covered ranges from some very elementary material in the introductory chapters to linear and nonlinear programming. The introductions to first-order differential and difference equations are very useful, but probably less than what even some undergraduate students would need. The treatment of envelope theory is better than in most books I have seen. (It is even the standard reference in Wikipedia.) One other feature which sets it out compared to most of its competitors (like Chiang's book) is the relative abundance of good examples and problems, many of them with an economic background. The answer section is almost 80 pages and in addition there is a Student's Manual with extensive answers to selected problems. Compared to other books in the area it has a somewhat formalistic style. This may scare some students, but I think it is useful if one later needs to check the precise formulation of a certain result. I find the book very useful, but as an economist I sometimes would like to see even more detailed economic applications.
3 of 4 people found the following review helpful.
A very useful tool for students in economics
By Martin Harry Vargas Barrenechea
The book develops calculus in one variable and calculus in several variables, students that are planning to do courses in undergraduate microeconomic analysis or other subject of economic theory should find the book very useful.
Tools needed in economic theory have relevance in the book and are specially covered, ie: optimization (with constrains), concave-convex functions and comparative statics, differentiation and integration are also included.
The exercises are quite nice and were developed for students start to think mathematically, classical cases in economics are used to ilustrate mathematical techniques. Clearly the book is focused in the mathematical functions more used for economists are polynomials, power, exponetial and natural logaritms.
Graphical intuition is developed within the book, point that I really enjoy because in this way topics as optimization are natural and it clarifies the machinery behind lagrange and KT conditions.
There are solutions for a big group of exercises in the end of the book, and are specially useful the three first chapters for students with low level in mathematics, there basic algebra and logic is developed.
I have used the book to teach maths for several years, hope some day a brazilian portuguese version will be available and our students can enjoy this wonderful book here.
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