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Fundamental Methods of Mathematical Economics 3/e Hardcover – 1 Jul 1984

4.5 out of 5 stars 23 customer reviews

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Product details

  • Hardcover: 785 pages
  • Publisher: McGraw-Hill Publishing Co.; 3Rev Ed edition (1 July 1984)
  • Language: English
  • ISBN-10: 0070662193
  • ISBN-13: 978-0070662193
  • Package Dimensions: 21.2 x 15.2 x 4.5 cm
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (23 customer reviews)
  • Amazon Bestsellers Rank: 698,742 in Books (See Top 100 in Books)
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Product description

Book Description

As in the previous edition, the purpose of this text is to introduce mathematical techniques to economics students. Through a complete integration of mathematics and economics along with a very patient exposition, the author attempts to maintain the emphasis on economics. Economic topics of equilibrium analysis, comparative-static analysis, economic dynamics and optimization are covered using mathematical techniques such as matrix algebra, differential equations, convex sets and mathematical programming in their solution. --This text refers to an out of print or unavailable edition of this title.

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Customer Reviews

4.5 out of 5 stars
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Top Customer Reviews

Format: Paperback Verified Purchase
Great book. Rigorous examples and exercises.
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Format: Paperback
Yes, sometimes it is embarrassing easy ("f(x) doesn't mean f multiplied by x" !!), but a book - differently than a video - allows you to run quick on the pages where you feel comfortable and take your time on the ones that you find harder. So no problem if the requirements are "easy", what it matter is the math "output" provided.
Overall it covers most of the math required in standard economic courses and let you to develop a solid base that you can use to further study individual topics of interest.
A side but not less important note: even if this is a "cheap" international edition the editing is good: clear graphic, quality paper, nice layout..

Edited: While reading this book (I'm now at ch. 11) I am compiling an errata of the fourth edition: https://booksforum.org/content/fundamental-methods-mathematical-economics (tab "discussions", type "errata"). I have to say that still errors are very rare.. that's the good of studying a book that it's out from over 40 years...
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Format: Paperback
The only reason why I'm giving it 4 stars and not 5 is that the very things criticized in the preface about other mathematical books being like "bitter-tasting medicine", well, Mathematical Economics is pretty much that too. The structure is great: Intro, Exposition, Examples, Economic Application. But frankly I only got through the first two-thirds because I already knew some calculus so I made some sense of the dense text. There's way too much notation for any beginning and possibly intermediate student but perhaps just perfect for the aspiring Ph.D. But then surely they won't need all the intro to calculus stuff. So the book suffers from a serious identity crisis: it's too complicated for simpletons but most of the first half is too simple for boffins. Yet I really liked it and wished I could understand more in it.
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Format: Hardcover
I purchased this book while I was doing the literature review for my PhD; it had been a few years since I had taken a calculus class, and I was coming across quite a few mathematical models in my review. This book was invaluable in refreshing my memory about calculus. The book was written very clearly and in a logical manner.
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Format: Hardcover Verified Purchase
Going to school, we teach to learn that mathematics were abstract and difficult to understand. This book in the contrary explains with brilliance all the difficult concepts and by giving every-day examples connects their abstract meaning with our every day life's real problems. This is a very important link that is missing in most of the courses of mathematics in every level. This book is unique because it makes this link and reveals the beauty of maths not as abstract concepts, but as a useful tool to solve every day problems. Great book not only for economics but for everyone who wants to love and rediscover maths...
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Format: Paperback Verified Purchase
I would strongly recommend the book to all those who had a solid knowledge in maths, but haven't used it for a while.
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Format: Hardcover
This is a really well written book which can be of value to students with a wide range of mathematical abilities and backgrounds. The basic mathematical tools required to study economics at a post graduate level are explained with the minimum of fuss, yet in a way which enables the reader to understand the intuition behind the manipulations. There are many useful diagrams and plenty of well thought out exercises.
If you are planning to study economics at a post graduate level and you don't have a first degree in mathematics then take the time to read this book before you start!
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Format: Hardcover
This book is an excellent introduction to the mathematics needed by economists. It covers all the background needed to begin in a typical economics Ph.D. program, and presents it understandably. I found that it is rigorous enough that I can apply what I have learned from it confidently. It uses total differentials where more advanced books might use vector calculus. This is a more intuitive approach, and better suited for an introduction. It includes some very good illustrations which clarify the concepts.
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