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Fundamental Methods of Mathematical Economics

by Alpha C. Chiang, Kevin Wainwright

List Price:$64.37
Amazon Price:$64.37 & eligible for FREE Super Saver Shipping on orders over $25.
Average Rating:4.5 out of 5 stars
Lowest New Price:$39.94
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Editorial Reviews
Product Description
It has been twenty years since the last edition of this classic book. Kevin Wainwright (British Columbia University and Simon Fraser University), a long time user of the text, has executed the perfect revision: he has updated examples, applications and theory without changing the elegant, precise presentation style of Alpha Chiang. Readers will find the wait was worthwhile.


All Customer Reviews
Average Customer Review:4.5 out of 5 stars
2 of 2 people found the following review helpful:

5 out of 5 starsgreat for theory not for practice, 2008-11-03
Economists are under the delusion that economics is on par with physical sciences such as physics regarding "laws" and "facts".
To keep this delusion up you are forced to learn mathematics to be considered a "serious" economist, this is another book to sustain this delusion.

You see, the mathematics used in engineering and finance has real-life application, they have 'meaning'.
Mathematical economics is just theory for the sake of theory, it's abit like Klingon-speak for Trekkie's: only the initiated see the value of it.

Although I am highly critical of the subject itself, there is no doubt in my mind that Chiang is both an excellent teacher and writer.
This book is enjoyable to work with, for a math book, and everything is clearly explained with Chiang's humanistic touch.
There is more text in this book than mathematical formulae, and Chiang is not afraid to use words to describe mathematics, unlike other teacher's I've had.

In short, this is 'the' book for learning theoretical mathematics applied to economics, believe the high ratings of all other reviews and don't waste time with anything else.

I never had any major problems understand the concepts, my main difficulty was working out how to do the calculations on my Texas calculator and keeping the motivation up.
What kept me going was Chiang's humanistic way of teaching, his teaching style is that of a wise teacher who knows his students' limits and knows how to convey a concept very clearly.
He is the sort of teacher I would have liked to have in all my courses.

This book is mostly useful for those who plan to continue with a Masters degree in economics, particularly advanced microeconomics.
If you plan to study applied economics like Economic Demography or Economic Development and so on, then this book is abit 'overkill', you would be better off focusing on economic theory and statistics.

That said, if you are any sort of practical business person you are way of target with this book, this is a book for students who aim to one day write their own articles in journals and play around with models and take themselves too seriously. This book is not for practical business application - it is a tool for understanding and developing economic theory. Whether its a good tool or not is a matter of opinion.



0 of 2 people found the following review helpful:

4 out of 5 starsgood, 2008-09-20
the condition of the book was good but it would be better if the seller mention that the book is international version.


1 of 1 people found the following review helpful:

5 out of 5 starsan axcellent cpmpanion, 2008-09-06
when I was at the beginning of my scientific training in theoretical economics I encountered, occasionally, the book of Alpha Chiang. In had been a fantastic meeting. Alpha Chiang hab been the key for entering into the fundamentals of mathematics for economists.
Maurizio Mistri
professor of economics, Padua (Italy)


0 of 0 people found the following review helpful:

5 out of 5 starsFundamental methods of mathematical economics, 2007-12-26
This is the best book in mathematical economics. Clear, it complete in every its chapter. It's advisable for beginner or for advanced students.


0 of 0 people found the following review helpful:

4 out of 5 starsSolid Introduction, 2007-12-06
This book was our text for a course in Mathematical Economics at Temple University. It is a nice introduction to the topic. It's a bit light on explanatory details for those new to the field of economics, but the mathematics coverage is sufficient.




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