Mathematics for Economics, fourth edition

Mathematics for Economics, fourth edition by Michael Hoy is an updated textbook published by MIT Press on March 29, 2022. This comprehensive volume spans 1104 pages and is designed for undergraduate economics students, providing a clear presentation of the mathematical concepts necessary for economic analysis. The text covers a range of topics, including economic theory, environmental economics, and financial economics, and is structured to facilitate understanding at both intermediate and advanced levels.
Readers will find a wealth of problem sets and worked examples throughout the book, which illustrate the application of mathematical methods to various economic issues. The five parts of the text address fundamentals, calculus, linear algebra, optimization, and dynamics, ensuring that all necessary mathematics is accessible with only a prerequisite of high school algebra. This edition introduces “Reader Assignments” to reinforce comprehension, and additional resources are available on the book’s website, including more worked examples and separate solutions manuals for both students and instructors.
Official synopsis Publisher
An updated edition of a widely used textbook, offering a clear and comprehensive presentation of mathematics for undergraduate economics students.
This text offers a clear and comprehensive presentation of the mathematics required to tackle problems in economic analyses, providing not only straightforward exposition of mathematical methods for economics students at the intermediate and advanced undergraduate levels but also a large collection of problem sets. This updated and expanded fourth edition contains numerous worked examples drawn from a range of important areas, including economic theory, environmental economics, financial economics, public economics, industrial organization, and the history of economic thought. These help students develop modeling skills by showing how the same basic mathematical methods can be applied to a variety of interesting and important issues.
The five parts of the text cover fundamentals, calculus, linear algebra, optimization, and dynamics. The only prerequisite is high school algebra; the book presents all the mathematics needed for undergraduate economics. New to this edition are “Reader Assignments,” short questions designed to test students’ understanding before they move on to the next concept. The book’s website offers additional material, including more worked examples (as well as examples from the previous edition). Separate solutions manuals for students and instructors are also available.
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