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Problem Solving in Economics: A Quantitative Approach

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AuthorMonojit Chatterji
ISBN9798886130683
Published LanguageEnglish
Publication Year2024
PublisherWorld Scientific
BindingPaperback
Original Price$88.00
Pages304
Ships By3-4 days

Description

This book reinforces an understanding of Economics by showing how basic mathematics is used to construct models of the economy. By taking wide-ranging examples drawn for virtually all areas of economics, it shows how model-building is an indispensable aid to understanding economics.

The mathematical techniques used in the book are fairly rudimentary — optimisation methods and equation-solving are the primary tools used. A brief explanation of constrained optimisation using Lagrange multipliers is provided. Throughout, the emphasis is on how these techniques are fruitfully deployed in constructing economic models and solving economic problems. It bridges the gap between mathematical analysis and economic logic. For readers, it builds confidence in constructing their own models for purposes of analysis. The book is well-suited for self-study.

Additional information

Author

ISBN

Published Language

Publication Year

Publisher

Binding

Original Price

Pages

304

Ships By

3-4 days