Math for Business and Economics: Compendium of Essential Formulas (3rd ed. 2024)

Synopsis

This 3rd edition revised and extended compendium contains and explains essential mathematical formulas within an economic context. Newly added content introduces the mathematical practical application of optimization by using the Lagrange function, presenting the issue of linear optimization cases where the relative extremes (minima or maxima) of a linear (target) function can be determined under restrictive linear constraint and its relevance for business management practice. A broad range of aids and supportive examples will help readers to understand the formulas and their practical applications. This mathematical formulary is presented in a practice-oriented, clear, and understandable manner, as it is needed for meaningful and relevant application in global business, as well as in the academic setting and economic practice. The topics presented include but are not limited to mathematical signs and symbols, logic, arithmetic, algebra, linear algebra, combinatorics, and financial mathematics, including an international comparison between different national methods used in the calculation of interest, optimization of linear models, functions, differential calculus, integral calculus, elasticities, annuity calculation, economic functions, and the Peren Theorem.Given its scope, the book offers an indispensable reference guide and is a must-read for undergraduate and graduate students, as well as managers, scholars, and lecturers in business, politics, and economics.

Copyright:

2024

Book Details

Book Quality:

Publisher Quality

ISBN-13:

9783662688601

Related ISBNs:

9783662688595

Publisher:

Springer Berlin Heidelberg

Date of Addition:

04/24/24

Copyrighted By:

N/A

Adult content:

No

Language:

English

Has Image Descriptions:

No

Categories:

Nonfiction, Business and Finance, Mathematics and Statistics

Submitted By:

Bookshare Staff

Usage Restrictions:

This is a copyrighted book.