Problem Solving In Economics: A Quantitative Approach
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A01=Monojit Chatterji
Accumulation
Author_Monojit Chatterji
Capital Flows
Category=KC
Category=KCB
Category=KCC
Central Bank
Constraints
Consumer Choice
Contract Curve
Endogenous Variables
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Exchange
Exchange Rate
Exogenous Variables
Exports
Fiscal Policy
Government
Growth
Imports
Inflation
Interest Rate
Labour
Market
Monetary Policy
Output
Producer Choice
Taxation
Unemployment
Welfare
Product details
- ISBN 9789819820351
- Publication Date: 18 Sep 2023
- Publisher: World Scientific Publishing Co Pte Ltd
- Publication City/Country: SG
- Product Form: Paperback
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This book reinforces an understanding of Economics by showing how basic mathematics is used to construct models of the economy. By taking wide-ranging examples drawn for virtually all areas of economics, it shows how model-building is an indispensable aid to understanding economics.The mathematical techniques used in the book are fairly rudimentary — optimisation methods and equation-solving are the primary tools used. A brief explanation of constrained optimisation using Lagrange multipliers is provided. Throughout, the emphasis is on how these techniques are fruitfully deployed in constructing economic models and solving economic problems. It bridges the gap between mathematical analysis and economic logic. For readers, it builds confidence in constructing their own models for purposes of analysis. The book is well-suited for self-study.
