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It has been 20 years since the last edition of this classic text. Kevin Wainwright, a long time user of the text (British Columbia University and Simon Fraser University), has executed the perfect revision—-he has updated examples, applications and theory without changing the elegant, precise presentation style of Alpha Chiang. Readers will find the wait was worthwhile.
PART 1 IntroductionChapter 1: The Nature of Mathematical EconomicsChapter 2: Economic ModelsPART 2 Static (or Equilibrium) AnalysisChapter 3: Equilibrium Analysis in EconomicsChapter 4: Linear Models and Matrix AlgebraChapter 5: Linear Models and Matrix Algebra (continued)PART 3 Comparative-Static AnalysisChapter 6: Comparative Statics and the Concept of the DerivativeChapter 7: Rules of Differentiation and their use in Comparative StaticsChapter 8: Comparative-Static Analysis of General-Function ModelsPART 4 Optimization ProblemsChapter 9: Optimization: A Special Variety of Equilibrium AnalysisChapter 10: Exponential and Logarithmic FunctionsChapter 11: The Case of More Than One Choice VariableChapter 12: Optimization with Equality ConstraintsNEW Chapter 13: Further Topics in Optimization (includes Envelope Theorem and DualityPART 5 Dynamic AnalysisChapter 14 Economic Analysis and Integral CalculusChapter 15 Continuous Time: First Order Differential EquationsChapter 16 Higher-Order Differential EquationsChapter 17 DiscreteTime: First Order Difference EquationsChapter 18 Higher Order Difference EquationsChapter 19 Simultaneous Differential Equations and Difference EquationsNEW Chapter 20: Introduction to Optimal Control Theory
Anonymous
Posted April 20, 2008
If you are a student of economics and you have to study mathematics for some reason, this is a very thorough and well explained book that covers what you need to know mathematically for economical analysis. The book covers calculus and linear algebra, and includes differentiation, matrix algebra, and optimization. Indeed, the emphasis of this book is on Optimization analysis. Some materials are directly from the field of economics such as growth models and Leontief's I/O models. Be warned that this is a book on mathematical theory, applied to (theoretical) economics. In other words, there is alot of theory to understand and work with. That said, Chiang does a great job explaining it as humanely and interesting as possible.
Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.Anonymous
Posted November 7, 2006
This book is unsurpassable, no other book I have seen comes close to Chiang¿s well-balanced and accessible book. Prior studies in mathematics and economics are not a requirement for this book. I used this book before taking courses in intermediate micro and macroeconomics and it significantly increased my analytical skills and progress in both, cutting my study time in half almost. Most other books on the topic focus either too much on the applied aspects or too much on modelling and mathematical proofs. This book marries the two perfectly the text is very reader-friendly and gradually builds up the reader¿s skills. The exercises are spaced very well and are not cluttered at the end of each chapter, making it much easier to consistently follow the book. The exercises have a strong emphasis on building intuitive skills, it teaches you how to use math intelligently as opposed to endlessly, and robotically repeating the same exercises. This book enabled me to understand most economic journals I came across as well as more advanced economics books.
Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.Anonymous
Posted March 1, 2009
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Posted September 10, 2009
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Overview
It has been 20 years since the last edition of this classic text. Kevin Wainwright, a long time user of the text (British Columbia University and Simon Fraser University), has executed the perfect revision—-he has updated examples, applications and theory without changing the elegant, precise presentation style of Alpha Chiang. Readers will find the wait was worthwhile.