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.
General
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