Algebra and Discrete Mathematics for Economics: Numbers, Graphs and Matrices in Input-Output Economics

Algebra and Discrete Mathematics are essential tools also for economists.
Globalization makes that goods and services are exchanged worldwide. Input-output analysis uses the advantage of a relatively stable flow of commodities and services. The essential principles can be described by input-output tables. Such tables correspond to systems of linear equations, written as single equations consisting of matrices whose entries are non-negative rational numbers. The flow itself can be described ...