Problem Solving In Economics: A Quantitative Approach
Book Details
Format
Hardback or Cased Book
ISBN-10
9811273359
ISBN-13
9789811273353
Publisher
World Scientific Publishing Co Pte Ltd
Imprint
World Scientific Publishing Co Pte Ltd
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Sep 18th, 2023
Print length
304 Pages
Weight
582 grams
Dimensions
15.90 x 23.60 x 2.50 cms
Product Classification:
Macroeconomics
Ksh 14,400.00
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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.
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