Essential mathematics for economics and business

Bradley, Teresa

Essential mathematics for economics and business - 2nd ed. - England John Wiley & Sons 2005 - 637 p.

This book is intended for students who are studying mathematics as a subject on economics. business or management courses. The text assumes minimal mathematical background but demonstrates the usefulness and relevance of basic mathematics in economics and business. To assist students, particularly those who are apprehensive about mathematics, the

mathematical methods are set out and explained step by step then illustrated in worked examples. Economic and business applications of these methods follow immediately, again illustrated in worked examples. It is essential that students attempt the progress exercises at the end of each section in order to consolidate and retain the ideas and methods introduced and to test and enhance understanding. Detailed solutions are given at the back of the text. In this edition several sections within chapters have been rewritten in a clearer, more accessible style, for example, the straight line, logs, differentiation, optimisation and integration. Chapters 4 and 8 were reorganised, introducing e' earlier, therefore including it as an integral part of the rules for indices, logs, integration and applications. New topics have been introduced: currency conversions in Chapter 1; annuities, debt repayment, sinking funds in Chapter 5; integration by substitution (for functions of linear functions) in Chapter 8; elimination methods (Gaussian and Gauss-Jordan) applied to the solution of systems of equations and the inverse matrix in Chapter 9. A short section on the use of Excel in linear algebra is also included in Chapter 9.

470844663


Mathematical economics

330.1543 BRA 2nd ed.

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