Problem Solving in Economics: A Quantitative Approach (Hardcover) (ISBN-13: 9789811273353)

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.

Author: Monojit Chatterji
ISBN-10: 9811273359
ISBN-13: 9789811273353
Publisher: World Scientific Publishing Company
Language: English
Published: 09/18/2023
Pages: 304
Format: Hardcover
Weight: 1.27lbs
Size: 9.00h x 6.00w x 0.69d