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- Category: Mathematics
- Author: Martin J. Osborne
Read and download free eBook intituled Mathematical Methods for Economic Theory in format created by Martin J. Osborne.
This book provides an understanding of the mathematical propositions necessary for comprehensively following the fundamentals of economic theory. These mathematical tools help the student to define terms precisely and apply them to real world situations and also to the needs of economics like problems of decision making, inflation, forecast, and risk.
It covers the basic mathematical tools used in economic theory. Knowledge of elementary calculus is assumed; some of the prerequisite material is reviewed in the first section. The main topics are multivariate calculus, concavity and convexity, optimization theory, differential equations, and difference equations.
It emphasizes techniques rather than abstract theory. However, the conditions under which each technique is applicable are stated precisely.
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