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Mathematical Methods and Economic Theory

Author

Listed:
  • Mukherji, Anjan

    (Former RBI Professor of Economic Theory, Centre for Economic Studies and Planning, JNU)

  • Guha, Subrata

    (Centre for Economic Studies and Planning, JNU)

Abstract

This textbook - for postgraduate students learning mathematical methods in economics - provides a comprehensive account of mathematics required to analyse and solve problems of choice encountered by economists. It looks at a wide variety of decision-making problems, both static and dynamic, in various contexts and provides mathematical foundations for the relevant economic theory. The book consists of three sections, each containing applications to fundamental constructs of economic theory: mathematical logic and functions of single variable, with applications to problems of choice and group decisions; " functions of several variables, presenting applications to demand and supply theory and its extension to interactive decision-making (game theory); dynamic problems, with applications relating to optimal economic growth and stability of competitive equilibrium. Written in an accessible style, the book provides clearly-defined concepts, numerous examples and exercises, suggested further readings, key terms, and useful web links. It will be an indispensable resource for students and teachers of mathematical economics and economic theory. Students of optimization techniques, operations research, and all those seeking an analytical introduction to decision-making problems will also find this book useful.

Suggested Citation

  • Mukherji, Anjan & Guha, Subrata, 2011. "Mathematical Methods and Economic Theory," OUP Catalogue, Oxford University Press, number 9780198069973.
    • Handle: RePEc:oxp:obooks:9780198069973
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    Cited by:

    1. Charles R. Plott & Timothy N. Cason & Benjamin J. Gillen & Hsingyang Lee & Travis Maron, 2023. "General equilibrium methodology applied to the design, implementation and performance evaluation of large, multi-market and multi-unit policy constrained auctions," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(3), pages 641-693, April.
    2. Benjamin J. Gillen & Masayoshi Hirota & Ming Hsu & Charles R. Plott & Brian W. Rogers, 2021. "Divergence and convergence in Scarf cycle environments: experiments and predictability in the dynamics of general equilibrium systems," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(3), pages 1033-1084, April.

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