Overview
- This is the third updated and extended edition
- Explains complex issues in a structured way, step by step
- Presents practical examples, making the procedures and methods easy to understand
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Table of contents (14 chapters)
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Front Matter
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Back Matter
Keywords
- Mathematical signs and symbols
- Financial mathematics
- Annuity calculation
- Sinking fund calculation
- Investment calculation
- Optimisation of linear models
- Differential calculus
- Integral calculus
- Economic functions
- Elasticities
- Market equilibrium
- The Peren Theorem
- Combinatorics
- Linear algebra
- Arithmetic
- Logic
- Lagrange function
- Linear optimisation
- Lamda
About this book
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.
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Bibliographic Information
Book Title: Math for Business and Economics
Book Subtitle: Compendium of Essential Formulas
Authors: Franz W. Peren
DOI: https://doi.org/10.1007/978-3-662-68860-1
Publisher: Springer Berlin, Heidelberg
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer-Verlag GmbH, DE, part of Springer Nature 2024
Hardcover ISBN: 978-3-662-68859-5Published: 25 April 2024
eBook ISBN: 978-3-662-68860-1Published: 24 April 2024
Edition Number: 3
Number of Pages: XXIV, 641
Number of Illustrations: 1 b/w illustrations
Topics: Economic Theory/Quantitative Economics/Mathematical Methods, Business Mathematics, Applications of Mathematics, Statistics for Business, Management, Economics, Finance, Insurance