ESSENTIAL MATHEMATICS FOR ECONOMIC ANALYSIS KNUT SYDSAETER PETER HAMMOND PDF

New students of economics often wonder what kind of books they should read and there are many excellent economics books out there, but often these are not recognized, especially in the USA, because many professors and economics departments look for the deals from the publishers instead of the contents of the books. It is especially difficult to find mathematics books that would concentrate around your major. It often happens that after you have selected economics as your major and passed through all those heavy calculus classes, you are still wondering how exactly was all that relevant to economics, besides learning how to differentiate and integrate. The problem is that calculus classes are regularly geared toward engineering or science majors and other students have to conduct their own research for finding the applications relevant to their major. Hence, if you wish to understand mathematics from the economics point of view and get familiar with the mathematical tools used in economic literature, I would highly recommend you to take a look at this book. Since I could not learn from that textbook while attending the university, I decided to pick it up after my graduation.

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New students of economics often wonder what kind of books they should read and there are many excellent economics books out there, but often these are not recognized, especially in the USA, because many professors and economics departments look for the deals from the publishers instead of the contents of the books. It is especially difficult to find mathematics books that would concentrate around your major. It often happens that after you have selected economics as your major and passed through all those heavy calculus classes, you are still wondering how exactly was all that relevant to economics, besides learning how to differentiate and integrate.

The problem is that calculus classes are regularly geared toward engineering or science majors and other students have to conduct their own research for finding the applications relevant to their major. Hence, if you wish to understand mathematics from the economics point of view and get familiar with the mathematical tools used in economic literature, I would highly recommend you to take a look at this book.

Since I could not learn from that textbook while attending the university, I decided to pick it up after my graduation. It has taken me several months to complete because, besides reading the textbook, I also wished to work through most of its exercises. If you are serious about understanding the subjects a bit better, I would suggest you to do the exercises too because sometimes they can lead you to a different approach or realization of the topic. The book starts out with very elementary math, but you might even learn some tricks from there, which progresses through chapters.

The authors have made a point to demonstrate with every subject how it is valid or applied in economics. The best treats of the book are the paragraphs that are meant for the more ambitious students and therefore put in smaller print, as those often provide explanations of certain techniques or proofs.

It has a thorough presentation of Lagrange multiplier method, the whole chapter of constrained optimization is dedicated for it. In the end of the chapters it frequently walks you through a general case and economic applications of that same subject that it has previously presented. I believe that this book should be a mandatory reading for the students of economics and if your university thinks otherwise then you should definitely spend some time glancing through it yourself.

If you have questions about the book or its exercises, you are welcome to leave them here.

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Essential mathematics for economic analysis

Essential Mathematics for Economic Analysis, 2nd Edition Essential Mathematics for Economic Analysis, 2nd Edition, provides an invaluable introduction to the mathematical tools that undergraduate economists need. Large selection of worked examples throughout the book. These are not just specific to economics, as most topics are first dealt with from a purely mathematical point of view before providing economic insight. Large number of problems for students to solve.

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