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Fundamental Methods of Mathematical Economics

4th Edition
0071238239 · 9780071238236
It has been twenty years since the last edition of this classic book. 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 a… Read More
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  • Colour, print bound version of the complete text
PART 1 Introduction

Chapter 1: The Nature of Mathematical Economics

Chapter 2: Economic Models

PART 2 Static (or Equilibrium) Analysis

Chapter 3: Equilibrium Analysis in Economics

Chapter 4: Linear Models and Matrix Algebra

Chapter 5: Linear Models and Matrix Algebra (continued)

PART 3 Comparative-Static Analysis

Chapter 6: Comparative Statics and the Concept of the Derivative

Chapter 7: Rules of Differentiation and their use in Comparative Statics

Chapter 8: Comparative-Static Analysis of General-Function Models

PART 4 Optimization Problems

Chapter 9: Optimization: A Special Variety of Equilibrium Analysis

Chapter 10: Exponential and Logarithmic Functions

Chapter 11: The Case of More Than One Choice Variable

Chapter 12: Optimization with Equality Constraints

NEW Chapter 13: Further Topics in Optimization (includes Envelope Theorem and Duality

PART 5 Dynamic Analysis

Chapter 14 Economic Analysis and Integral Calculus

Chapter 15 Continuous Time: First Order Differential Equations

Chapter 16 Higher-Order Differential Equations

Chapter 17 DiscreteTime: First Order Difference Equations

Chapter 18 Higher Order Difference Equations

Chapter 19 Simultaneous Differential Equations and Difference Equations

NEW Chapter 20: Introduction to Optimal Control Theory

It has been twenty years since the last edition of this classic book. 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. Readers will find the wait was worthwhile.
Many new, innovative examples based on current economics.
Expanded applications, especially in chapters 8,11, and 12.New chapter covering envelope theorem, maximum value function, and duality.In part five add a new chapter on optimal control theory and modernize the models.Delete part 6 (Mathematical Programming) and move nonlinear programming (21) to follow Optimization with equality constraints (12).
Elegant Yet Lucid Writing Style: Chiangs strength is the eloquence of the writing and the manner in which it is developed. While the content of the text can be difficult, it is understandable.
Meshes Sophisticated with the Accessible: Sophisticated material is presented in the text, but not a lot of prior knowledge is assumed. The background needed for the course is there. The combination of depth of material and ease of exposition is the reason that graduate students and faculty alike have kept their copies of Chiang from their undergraduate days.
A Classic Text: Chiang literally wrote the book on the subject matter and is one of the most widely-respected Economics texts in the world.
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