Mathematical Economics (Schaum's Outlines) 2nd Edition by Edward T. Dowling

Publisher: ECONOMICS

Availability: In Stock
SKU: 02156

Rs.680.00

Rs.750.00

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Description

Mathematical Economics 2nd Edition by Edward T. Dowling is a comprehensive guide aimed at students and professionals who seek to apply mathematical methods to economic theory. The book offers a systematic approach to the most essential topics in both economics and mathematics, such as optimization, linear algebra, and differential equations, with a focus on how these mathematical tools can model and solve real-world economic problems. It emphasizes clarity, making complex concepts accessible through step-by-step explanations, extensive examples, and exercises to reinforce learning. This edition has been updated with more modern applications and practical problem-solving strategies to support better understanding.

Optimization in Economics
- The book explains optimization techniques like linear programming and their use in economic decision-making, helping students solve constrained and unconstrained optimization problems.
Linear Algebra Applications
- It explores how matrices and vectors are utilized in economics, particularly in input-output models and the calculation of equilibrium points in markets.
Differential Equations in Economics
- The use of differential equations is thoroughly covered, showing how they model dynamic processes like growth rates and changes in economic systems over time.
Real-World Problem Solving
- The text provides practical exercises based on real economic scenarios, helping learners apply mathematical theory to solve contemporary economic problems.
Updated Mathematical Tools
- The second edition includes updated mathematical methods and their applications, such as game theory and decision-making models, reflecting more recent trends in economic analysis.

In conclusion, Mathematical Economics 2nd Edition by Edward T. Dowling serves as an essential resource for both beginners and advanced learners in economics. Its clear structure, practical examples, and updated content provide a solid foundation for anyone looking to apply mathematical techniques to economics effectively.

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