Elements of Mathematics for Economics and Finance

Elements of Mathematics for Economics and Finance

Author: Vassilis C. Mavron

Publisher: Springer Verlag

ISBN: 1846285607

Category: Business & Economics

Page: 312

View: 644

This book equips first-year undergraduates with the mathematical skills, facts and terminology required for degrees in economics, finance, management and business studies. It is especially suitable for those who did not progress past GCSE and who have had a break of at least two years from mathematics; such students often lack confidence in handling mathematical concepts so the aim of this book is to provide a basic text that focuses strongly on examples, while giving sufficient attention to the exposition of the principal constructions and theoretical results.The text starts with basic principles and leads as far as constrained optimisation, with several entry points to accommodate students with differing mathematical backgrounds. The fundamental ideas are described in the simplest mathematical terms and developed at an easy pace; the text touches on ideas, introduces them gently and then uses basic illustrative examples and exercises (with solutions) to show how these ideas may be brought to bear on problems in economics and finance.This text will serve as a handbook of mathematical techniques for first-year undergraduate in economics, finance, management science and business studies, but it will also be a useful reference for students on MBA courses.

Mathematical Methods and Quantum Mathematics for Economics and Finance

Mathematical Methods and Quantum Mathematics for Economics and Finance

Author: Belal Ehsan Baaquie

Publisher: Springer Nature

ISBN: 9789811566110

Category: Business & Economics

Page: 432

View: 657

Given the rapid pace of development in economics and finance, a concise and up-to-date introduction to mathematical methods has become a prerequisite for all graduate students, even those not specializing in quantitative finance. This book offers an introductory text on mathematical methods for graduate students of economics and finance–and leading to the more advanced subject of quantum mathematics. The content is divided into five major sections: mathematical methods are covered in the first four sections, and can be taught in one semester. The book begins by focusing on the core subjects of linear algebra and calculus, before moving on to the more advanced topics of probability theory and stochastic calculus. Detailed derivations of the Black-Scholes and Merton equations are provided – in order to clarify the mathematical underpinnings of stochastic calculus. Each chapter of the first four sections includes a problem set, chiefly drawn from economics and finance. In turn, section five addresses quantum mathematics. The mathematical topics covered in the first four sections are sufficient for the study of quantum mathematics; Black-Scholes option theory and Merton’s theory of corporate debt are among topics analyzed using quantum mathematics.

Basic Mathematics for Economics, Business and Finance

Basic Mathematics for Economics, Business and Finance

Author: EK Ummer

Publisher: Routledge

ISBN: 9781136728358

Category: Business & Economics

Page: 689

View: 706

This book can help overcome the widely observed math-phobia and math-aversion among undergraduate students in these subjects. The book can also help them understand why they have to learn different mathematical techniques, how they can be applied, and how they will equip the students in their further studies. The book provides a thorough but lucid exposition of most of the mathematical techniques applied in the fields of economics, business and finance. The book deals with topics right from high school mathematics to relatively advanced areas of integral calculus covering in the middle the topics of linear algebra; differential calculus; classical optimization; linear and nonlinear programming; and game theory. Though the book directly caters to the needs of undergraduate students in economics, business and finance, graduate students in these subjects will also definitely find the book an invaluable tool as a supplementary reading. The website of the book – ww.emeacollege.ac.in/bmebf – provides supplementary materials and further readings on chapters on difference equation, differential equations, elements of Mathematica®, and graphics in Mathematica®, . It also provides materials on the applications of Mathematica®, as well as teacher and student manuals.

Optimization in Economics and Finance

Optimization in Economics and Finance

Author: Bruce D. Craven

Publisher: Springer Science & Business Media

ISBN: 9780387242804

Category: Business & Economics

Page: 161

View: 981

Some recent developments in the mathematics of optimization, including the concepts of invexity and quasimax, have not yet been applied to models of economic growth, and to finance and investment. Their applications to these areas are shown in this book.

Mathematics for Economics and Business

Mathematics for Economics and Business

Author: R. S. Bhardwaj

Publisher: Excel Books India

ISBN: 8174464506

Category: Business mathematics

Page: 572

View: 849

This book is designed to meet the requirements of a wide range of students, keeping in view the varied applications of mathematical techniques in different areas of Economics, Commerce, Finance and Management, at the Undergraduate and Post Graduate levels. The subject matter has been presented in a very simple and lucid manner. A large number of questions from various University examination papers have been included to provide a range of questions on different topics of the subjects. Exercises given at the end of each topic will provide a source of practice to the students and make them more confident, assuring better performance in the Examination. Teachers in the subject may also find it absorbing and different from other books, in respect of approach, style and lucidity in explanation supported by appropriate diagrams.

Mathematics for Economists with Applications

Mathematics for Economists with Applications

Author: Jim Bergin

Publisher: Routledge

ISBN: 0415638283

Category: Business & Economics

Page: 600

View: 732

Mathematics for Economists with Applications provides detailed coverage of the mathematical techniques essential for undergraduate and introductory graduate work in economics, business and finance. Beginning with linear algebra and matrix theory, the book develops the techniques of univariate and multivariate calculus used in economics, proceeding to discuss the theory of optimization in detail. Integration, differential and difference equations are considered in subsequent chapters. Uniquely, the book also features a discussion of statistics and probability, including a study of the key distributions and their role in hypothesis testing. Throughout the text, large numbers of new and insightful examples and an extensive use of graphs explain and motivate the material. Each chapter develops from an elementary level and builds to more advanced topics, providing logical progression for the student, and enabling instructors to prescribe material to the required level of the course. With coverage substantial in depth as well as breadth, and including a companion website at www.routledge.com/cw/bergin, containing exercises related to the worked examples from each chapter of the book, Mathematics for Economists with Applications contains everything needed to understand and apply the mathematical methods and practices fundamental to the study of economics.

Optimization in Economics and Finance

Optimization in Economics and Finance

Author: Bruce D. Craven

Publisher: Springer Science & Business Media

ISBN: 0387242791

Category: Business & Economics

Page: 184

View: 297

Extends the optimization techniques, in a form that may be adopted for modeling social choice problems. The models in this book provide possible models for a society's social choice for an allocation that maximizes welfare and utilization of resources. A computer program SCOM is presented here for computing social choice models by optimal control.

Financial Engineering with Finite Elements

Financial Engineering with Finite Elements

Author: Juergen Topper

Publisher: John Wiley & Sons

ISBN: 9780470012918

Category: Business & Economics

Page: 378

View: 292

The pricing of derivative instruments has always been a highly complex and time-consuming activity. Advances in technology, however, have enabled much quicker and more accurate pricing through mathematical rather than analytical models. In this book, the author bridges the divide between finance and mathematics by applying this proven mathematical technique to the financial markets. Utilising practical examples, the author systematically describes the processes involved in a manner accessible to those without a deep understanding of mathematics. * Explains little understood techniques that will assist in the accurate more speedy pricing of options * Centres on the practical application of these useful techniques * Offers a detailed and comprehensive account of the methods involved and is the first to explore the application of these particular techniques to the financial markets

Advanced Mathematical Economics

Advanced Mathematical Economics

Author: Rakesh V. Vohra

Publisher: Psychology Press

ISBN: 0415700086

Category: Business & Economics

Page: 212

View: 362

This textbook presents students with all they need for advancing in mathematical economics. Higher level undergraduates as well as postgraduate students in mathematical economics will find this book extremely useful.