Fundamental Methods of Mathematical Economics | 
 enlarge | Author: Alpha C Chiang
Publisher: McGraw-Hill/Irwin
Category: Book
Buy New: $92.00
New (3) Used (11) from $53.00
Rating:  31 reviews
Sales Rank: 110197
Media: Hardcover
Edition: 3
Pages: 788
Number Of Items: 1
Shipping Weight (lbs): 2.7
Dimensions (in): 9.3 x 6.5 x 1.3
ISBN: 0070108137
Dewey Decimal Number: 330.0151
EAN: 9780070108134
Publication Date: February 1, 1984
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Product Description
The best-selling, best known text in Mathematical Economics course, Chiang teaches the basic mathematical methods indispensable for understanding current economic literature. the book's patient explanations are written in an informal, non-intimidating style. To underscore the relevance of mathematics to economics, the author allows the economist's analytical needs to motivate the study of related mathematical techniques; he then illustrates these techniques with appropriate economics models. Graphic illustrations often visually reinforce algebraic results. Many exercise problems serve as drills and help bolster student confidence. These major types of economic analysis are covered: statics, comparative statics, optimization problems, dynamics, and mathematical programming. These mathematical methods are introduced: matrix algebra, differential and integral calculus, differential equations, difference equations, and convex sets.
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| Customer Reviews: Read 26 more reviews...
 A Wonderful Foundation August 9, 2001
21 out of 21 found this review helpful
Professor Chiang's "Fundamental Methods of Mathematical Economics" has become the classic preparatory text for students beginning a course of quantitative study in economics and finance. It has been in print for nearly a generation, and with good reason. Chiang's achievement is to have created a learning programme that can take a modestly numerate person all the way from basic matrix algebra through limits, continuity and derivatives past simple differential equations all the way to optimisation theory and linear programming. And all in one volume! Little prior training is required for this journey - all you need is basic algebra. The explication is admirably clear, there are plenty of good practice examples and the pace is moderate. "Mastering Chiang," as one of my old professors used to call it, provides an excellent foundation for the economics or finance student and will admirably equip him or her to deal with the more rigorous challenges ahead.
Great Book August 21, 2005
CSA (Chicago, IL)
3 out of 3 found this review helpful
I read this book the summer prior to the new (4th) edition coming out. In my opinion, this is one of the best books to review prior to going into grad school. It gives you so much background on the things that you probably have forgotten, like calculus, linear algebra, and optimization. A must read for someone in finance or economics.
Great Text & Reference Book March 11, 2001
10 out of 10 found this review helpful
I used this book in my Mathematical Economics textbook in an Economics Masters program. This book covers ALOT of basic math material needed in economics. It is an excellent text/reference/review math book for a graduate level student in economics and possibly other areas in the social sciences. I highly recommend this book to any economics student (though it may be difficult for some undergraduates).It covers the basics of number theory, economics related math (i.e. market equilibriums, etc.), linear (matrix) algebra, comparative static analysis, differentiation, integration, logarithmic & exponential functions, differential equations, and more that we did not cover in the class like programming. Even if you have taken many math classes outside of the field in economics, this book is a great bridge to apply that math to economics. While most of the math in this book is not specific to economics, I would not strongly recommend it to science majors since only math that is commonly used in economics is discussed (i.e. no trig functions). In addition, this book does not cover econometrics (statistics) or probability at all. For a hard-cover textbook, this book is small and relatively light so it would make a great reference book to keep in your bookbag.
Great Introduction to Mathmatical Economics July 24, 2003
Jonathan E. Kopitzke (Los Angeles, CA)
4 out of 6 found this review helpful
I used Chaing's book for an intro the mathematical economics as an econ undergrad. Much of the material is useful for both advanced undergraduates and graduate studies. I especially found the optimization (applied differential calculus) and matrix algebra useful. Using an input output coefficient matrix (as described in the text) we were able to see how Russia operated under the communist regime. We used GAMMS for the mathematical programming. Overall the course and this book were an eye opening experience to applying mathematical models to real world problems. I hope to explore this realm of thinking further in my graduate studies. I highly recommend this book, even to people with a somewhat limited math background (1 calculus course).
A must for all serious economics students June 10, 2001
Raymond Cheung (Richmond, B.C. CANADA)
Alpha Chiang's Fundamental Methods of Mathematical Economics is a must for all serious students for economics. I only have high school mathematics before I started reading this book and by the time I finished, I am able to read economics texts that used mathematical methods.The exposition in Chiang's book is very clear. I recommend this book to all students of economics at the intermediate level.
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