Books Science & Nature Mathematics For Economics And Finance: Methods And Modelling

Mathematics For Economics And Finance: Methods And Modelling.pdf

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Read online or download a free book: Mathematics For Economics And Finance: Methods And Modelling

Pages: 410

Language: English

Publisher: Cambridge University Press; First Edition edition (25 July 1996)

By: Martin Anthony(Author)

Book format: pdf doc docx mobi djvu epub ibooks (*An electronic version of a printed book that can be read on a computer or handheld device designed specifically for this purpose.)

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, first-order and second-order 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.

'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

Read online or download a free book: Mathematics For Economics And Finance: Methods And Modelling.pdf

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Customer reviews:

  • By Alex S on 17 June 2007

    I am a computer scientist with maths background (it's been a while since I graduated) who was looking to move into finance. I was therefore searching for an intermediate book but at the same time well-written and able to introduce both financial concepts and the underlying mathematics.This book does exactly that! Starts from basics, both in terms of maths and economics/finance and gradually introduces new concepts and mathematical formulas together with "how" they are deduced, does not simply come up as if by magic with it. There is a number of worked examples as well to reinforce and practice what one has learnt plus problems with hints/solutions in the end of the book.All in all, very well written, clear, concise, excellent introduction but also reference for those who want to fill in gaps.Although I'm not an expert (yet ;-)) in the field I think that you should complement this book with one more advanced if you are a very experienced analyst/economist and looking for something more than a good introduction.

  • By Guest on 14 May 2005

    This is currently the book used for the foundation part of LSE's Economics degree. I did A-level maths 10 years ago and I was rather worried that my maths was not up to scratch. I worked through this book alone (it took me about 2 months at a slow pace) and found nearly all of the explanations comprehensible. I recommend having an A-Level text book alongside to fill in the gaps and drill your technique. As maths books go this is, for me, one of the best ones written as it does not assume knowledge that you do not have and it does not do that common thing of starting at a really basic level and then suddenly jumping into something much more complex without careful step-by-step explanations. My only criticism would be even more explanations for some things: but that is a personal thing.

  • By Sarah on 5 September 2010

    I am currently studying Economics at Cambridge and this book is on the reading list. I am now roughly half-way through working through it. The basic structure and layout of each chapter is excellent. The worked examples are extremely useful along with the example's within each chapter's main text.That said I have been disappointed to find several mistakes in the answers so far. I have consulted others to check it wasn't just me making mistakes and found that everyone agrees with my answers to some of the questions whilst the answers in the back don't match up.Its a great and very useful book that i would recommend however if you get stuck and cannot get the same answer as in the back of the book don't panic! There are a couple of mistakes.

  • By King Kahuna on 23 May 2007

    There is no other book that purports to do what this book does that is better. If you have been away from maths for a while or never got that far with maths in the first place, and are entering into the study of economics or finance where you think you will need some maths, then this book is for you. There is nothing better.

  • By demola on 20 October 2009

    A really good book I think. Very concise yet very readable. It's difficult to get lost on any topic and the examples included are just as tough as the exercises so you can go back and check where you went wrong. Every so often there's a big jump in complexity without enough explanation (e.g. explaining integration techniques; homogenous functions) but thankfully these episodes are few. The authors can be very frank (e.g. the redundancy of learning matrix determinants and Cramer's rule when simpler techniques abound) which helps to avoid time-wasting. I would suggest you need a second book with even more examples plus a more detailed section on integration to go along with this e.g. Schaum's Calculus for Business, Economics and The Social Sciences.

  • By J. C. JONES on 15 December 2011

    This book is a good and fairly clear guide to mathematical applications in Economics and Finance. Plenty of explanations and worked examples in order to help the student solve problems. However, this is not a text for people who are completely unfamiliar with algebra, trigonometry and precalculus. If you are a complete mathematical noob (as I was), it is best to use this text in conjunction with books like Booth's 'Foundation Mathematics' or Bradley's 'Essential Mathematics for Economics and Business' in order to explore the basics better.

  • By Adam on 20 January 2014

    As a high school student who wanted to study Economics in university, I was curious to know what maths is useful for economics study. Then I found this book and bought it. Honestly, this book is slightly beyond my level, but I can promise that it is a very good book. I would recommend anyone who want to buy this book to use it jointly with some other pure mathematics books to further improve their understanding.

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