This book equips undergraduates with the mathematical skills required for degree courses in economics, finance, management, and business studies. The fundamental ideas are described in the simplest mathematical terms, highlighting threads of common mathematical theory in the various topics. Coverage helps readers become confident and competent in the use of mathematical tools and techniques that can be applied to a range of problems.
9.16 Calculate the directional derivative of the Cobb–Douglas function (of two variables) given by at the vector (x, y) in the direction of the vector (μx, μy) (i.e. when the relevant line L passes through the origin).
An introduction to mathematical modelling in economics and finance.
This book is accompanied by a companion website that includes Excel examples presented in the book, exercises, and other supplementary materials that will further assist in understanding this useful framework.
This book can help overcome the widely observed math-phobia and math-aversion among undergraduate students in these subjects.
This book is designed to meet the requirements of a wide range of students, keeping in view the varied applications of mathematical techniques in different areas of Economics, Commerce, Finance and Management, at the Undergraduate and Post ...
This textbook presents students with all they need for advancing in mathematical economics. Higher level undergraduates as well as postgraduate students in mathematical economics will find this book extremely useful.
Mulvey, J. M., Rosenbaum, D. P., and Shetty, B., Strategic financial risk management and operations research, ... Shaw, W. T., Modelling Financial Derivatives with Mathematica®, Cambridge University Press, Cambridge, 1998.
Starting with a revision of basic mathematical principles the second half of the book introduces calculus, emphasising economic applications throughout.
1. Introduction -- 2.
Basic Mathematics for Economists, now in its 3rd edition, is a classic of its genre and this new edition builds on the success of previous editions.