Management
An Introduction to Mathematics for Economics
The material in the main text ranges from a revision of high-school mathematics to applications of calculus (single-variate, multivariate and integral) to economics and finance. For example: linear and quadratic functions are introduced in the context of demand and supply analysis; geometric sequences, exponential and logarithmic functions are introduced in the context of finance; single-variate calculus is explained in the course of solving a firm’s profit maximisation problem; a consumer’s utility maximisation is used to motivate introducing multivariate calculus; and integral calculus is explained in the context of calculating the deadweight loss of taxation. The material can be taught in 13– 15 weeks (39–45 hours). To give some flexibility, matrix algebra and an introduction to difference/differential equations are covered in appendices.
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