Mathematics of Economics and Business

Knowledge of mathematical methods has become a prerequisite for all students who wish to understand current economic and business literature. This book covers all the major topics required to gain a firm grounding in the subject such as sequences, series, application in finance, functions, differentiations, differentials and difference equations, optimizations with and without constraints, integrations and much more.

Written in an easy, accessible style with precise definitions and theorems, "Mathematics for Economics and Business" ""contains exercises, worked examples, as well as economic applications. This book will provide the reader with a comprehensive understanding of the mathematical models and tools used in both economics and business.

For all students who wish to understand current economic and business literature, knowledge of mathematical methods has becomeaprerequisite. Clear and concise, with precise definitions and theorems, Werner and Sotskov cover all the major topics required to gain a firm grounding in this subject including sequences, series, applications in finance, functions, differentiations, differentials and difference equations, optimizations with and without constraints, integrations and much more. Containing exercises andworked examples, precise definitions and theorems as well as economic applications,this book provides the reader with a comprehensive understanding of the mathematical models and tools used in both economics and business.

Introduction. Sequences. Series and Finance Relations. Mappings and Functions. Differentiation. Integration. Vectors. Matrices and Determinants. Linear Equations and Inequalities. Linear Programming. Eigenvalue Problems and Quadratic Forms. Functions of Several Variables. Differential and Difference Equations

Frank Werner is Extraordinary Professor of Mathematics at Otto-von-Guericke University in Magdeburg, Germany. Yuri N. Sotskov is Professor at the United Institute of Informatics Problems, National Academy of Science of Belarus, Minsk.