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Mathematics for Economics - 2nd Edition, by Michael Hoy, John Livernois, Chris McKenna, Ray Rees, Thanasis Stengos
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This paperback edition is not available in the U.S. and Canada. This book offers a comprehensive presentation of the mathematics required to tackle problems in economic analysis. To give a better understanding of the mathematical concepts, the text follows the logic of the development of mathematics rather than that of an economics course. After a review of the fundamentals of sets, numbers, and functions, the book covers limits and continuity, the calculus of functions of one variable, linear algebra, multivariate calculus, and dynamics. To develop the student's problem-solving skills, the book works through a large number of examples and economic applications. The second edition includes simple game theory, l'H�pital's rule, Leibniz's rule, and a more intuitive development of the Hamiltonian. An instructor's manual is available.
- Sales Rank: #1258760 in Books
- Published on: 2001-06-11
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x 1.75" w x 8.00" l, 1.10 pounds
- Binding: Hardcover
- 1143 pages
Review
"This book offers clear exposition, includes relevant material, and provides intuitive explanations. These are the hallmarks of a first class textbook." --Morton I. Kamien, Kellogg Graduate School of Management, Northwestern University
"Mathematics is the language of economics, and this book is an excellent introduction to that language."--George J. Mailath, Edmund J. and Louise W. Kahn Endowed Term Professor in the Social Sciences and Professor of Economics, University of Pennsylvania
About the Author
Michael Hoy is a faculty member in the Economics Department at the University of Guelph.
John Livernois is a faculty member in the Economics Department at the University of Guelph, Ontario.
Chris McKenna is a faculty member in the Economics Department at the University of Guelph, Ontario.
Ray Rees is a faculty member at the Ludwig Maximilians University, Munich.
Thanasis Stengos is a faculty member in the Economics Department at the University of Guelph, Ontario.
Most helpful customer reviews
16 of 16 people found the following review helpful.
A solid math for econ book
By Coleman Nee
Some of the previous reviewers have complained that this book is too easy while others thought it was too hard. Personally, I think the authors have struck excacly the right balance between rigor and a "cookbook" approach. Just compare it to the major competing texts. Fundamental Methods by Chiang is way too chatty and a bit out of date (I haven't seen the new edition, but I understand that not much changed). Chiang will get you through undergrad in style, but it's not the best preparation for graduate school. On the other hand, Mathematics for Economists by Simon and Blume is great for advanced undergrads and beginning grad students, but I suspect it's too difficult for beginners who don't already have some solid math preparation under their belts. Hoy et. al. falls right in between these two books. It is an introductory text to be sure, but it covers a lot of topics, some not even covered in S&B. It is challenging but not impossible for beginners and will give them a broad survey of the field. I readily admit that the style is a bit dry, although it would be hard for it not to be with so many authors. Overall, I would recommend this book highly to ambitious undergrads or even underprepared grad students (like I was once). However, if you definitely need something more challenging get Simon and Blume.
7 of 7 people found the following review helpful.
Clear and Clean
By A Customer
This is a very useful introductory text for economics students who want to plug into the mathematics needed for more advanced economics courses. The treatment of multivariate calculus is intuitive and clear, but I wish there was less pre-calculus and more work on total differentials and differential equations. Chiang is better for those topics. The introduction to dynamics is a useful preliminary look at this deep topic
5 of 5 people found the following review helpful.
Excellent for help with economic theory ...
By Streakblondie
Very useful book for calculations for economic application: I say applications, because the examples are extremely useful for use with economic courses or theory.
I am studying at undergraduate level, and have used this book along-side set texts for 3-4 courses ... including intermediate microeconomics (so, if you have the Varian set textbook, this book is extremely helpful!!, with lots of relevant examples).
Very useful, easy to understand (straight forward).
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