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Mathematics for Economics

Mathematics for Economics, fourth edition

by Michael Hoy, John Livernois, Chris McKenna, Ray Rees and Thanasis Stengos

$125.00 Hardcover
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1104 pp., 8 x 9 in, 308 figures

Hardcover
9780262046626
Published: March 29, 2022
Publisher: The MIT Press

$125.00

eBook
9780262368797
Published: March 29, 2022
Publisher: The MIT Press

$124.99

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An updated edition of a widely used textbook, offering a clear and comprehensive presentation of mathematics for undergraduate economics students.

This text offers a clear and comprehensive presentation of the mathematics required to tackle problems in economic analyses, providing not only straightforward exposition of mathematical methods for economics students at the intermediate and advanced undergraduate levels but also a large collection of problem sets. This updated and expanded fourth edition contains numerous worked examples drawn from a range of important areas, including economic theory, environmental economics, financial economics, public economics, industrial organization, and the history of economic thought. These help students develop modeling skills by showing how the same basic mathematical methods can be applied to a variety of interesting and important issues.

The five parts of the text cover fundamentals, calculus, linear algebra, optimization, and dynamics. The only prerequisite is high school algebra; the book presents all the mathematics needed for undergraduate economics. New to this edition are “Reader Assignments,” short questions designed to test students' understanding before they move on to the next concept. The book's website offers additional material, including more worked examples (as well as examples from the previous edition). Separate solutions manuals for students and instructors are also available.

Michael Hoy is Professor in the Department of Economics and Finance at the University of Guelph.

John Livernois is Professor in the Department of Economics at the University of Guelph

Chris McKenna is formerly a Professor in the Department of Economics and Finance at the University of Guelph.

.Ray Rees is Professor of Economics Emeritus at the Center for Economic Studies (CES) at the University of Munich.

Thanasis Stengos is Professor in the Department of Economics and Finance at the University of Guelph.

“A great exposition of the mathematics that economists need to know. It will be invaluable both for the systematic reader and for those who dip in to be reminded of particular techniques.”
Oliver Hart, Lewis P. and Linda L. Geyser University Professor, Harvard University; recipient of the 2016 Nobel Prize in Economic Sciences

“While there are many mathematics texts for economics available, this one is by far the best. It covers a comprehensive range of techniques with interesting applications, and the numerous worked examples and problems are a real bonus for the instructor. Teaching a course with this book is enjoyable and easy.”
Kevin Denny, University College Dublin

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Mathematics for Economics, fourth edition

Mathematics for Economics, fourth edition

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