Introduction to Mathematical Economics Third Edition

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Questions and Answers

What topics are covered in the book Introduction to Mathematical Economics?

  • Cooking and Fashion Design
  • Astronomy and Geology
  • Linear algebra, differential calculus, and optimal control theory (correct)
  • Botany and Zoology

What level of mathematical proficiency is assumed at the start of the book?

  • Master's degree level
  • College-level
  • High school level (correct)
  • Ph.D. level

Which approach does the book take to present the material?

  • Theory-and-solved-problem format (correct)
  • Storytelling approach
  • No theory, only practical applications
  • Theory-only approach

What is recommended for those needing more time and help with elementary topics in mathematical economics?

<p>Use Schaum’s Outline of Mathematical Methods for Business and Economics (A)</p> Signup and view all the answers

What type of pedagogy does the book use to help students progress at their own rates?

<p>Learning-by-doing pedagogy (D)</p> Signup and view all the answers

Which mathematical topic is NOT mentioned as covered in the book Introduction to Mathematical Economics?

<p>Geometry (B)</p> Signup and view all the answers

What is the purpose of the third edition of Introduction to Mathematical Economics?

<p>Introducing three new chapters on mathematical economics (B)</p> Signup and view all the answers

Why were some chapters and sections removed from the second edition of Introduction to Mathematical Economics?

<p>To make the book more concise and manageable (B)</p> Signup and view all the answers

What is the main reason for removing three chapters on linear programming in the second edition?

<p>To replace them with more detailed content in a separate book (C)</p> Signup and view all the answers

What is the purpose of the book 'Mathematical Methods for Business and Economics' mentioned in the text?

<p>To provide a detailed introduction to mathematics needed for economics and business (A)</p> Signup and view all the answers

Which aspect of mathematical economics is covered by the new chapter on comparative statics and concave programming in the third edition?

<p>Comparing equilibrium outcomes under different scenarios (C)</p> Signup and view all the answers

What has remained unchanged in the objectives of Introduction to Mathematical Economics over 20 years?

<p>The initial objectives set in the first edition (D)</p> Signup and view all the answers

What is the recommended approach for students to get the most from the book according to the text?

<p>Working independently of the solutions (C)</p> Signup and view all the answers

In what chapter of the book does the basic review of high school algebra start?

<p>Chapter 2 (D)</p> Signup and view all the answers

When can Chapters 10 and 11 on linear algebra be covered without loss of continuity?

<p>After Chapter 3 (C)</p> Signup and view all the answers

How many problems does the book contain?

<p>Exactly 1600 problems (A)</p> Signup and view all the answers

Which subject might students find enriching to work along with the mentioned book for a more theoretical approach?

<p>Calculus for Business and Economics (C)</p> Signup and view all the answers

What is emphasized in the text for students to achieve the best results?

<p>Active engagement with problem-solving (A)</p> Signup and view all the answers

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