An Explanation of Constrained Optimization for Economists
|Rating||:||4.24 (580 Votes)|
|Number of Pages||:||504 Pages|
Morgan is an associate professor in the Department of Economics at the University at Buffalo. Peter B.
The writing is vigorous and precise, yet easy to follow.” (Quan Wen, Department of Economics, University of Washington)“Peter Morgan has written the most student-friendly textbook of its level that I have seen. “An Explanation of Constrained Optimization for Economists presents fundamental mathematical concepts and tools for economists in innovative ways. The organization is logical, the coverage accessible, and the book achieves a nice balance between rigor and intuition.” (Jinhua Zhao, Department of Economics, Michigan State University)
Best in the area of math for economist Many thanks to the author for his new book! I hope he continues in the areas of dynamis, computationEtc!! Many thanks to the author from all economist that aren't mathematicians!!. You could ask for more; I have (see the review). I am very glad, however, that this book has, at last, been written. Buy it. Eric V. Hutchins Prof. Morgan has provided students beginning serious work in economic theory a wonderfully clear and patient exposition of the mathematics they need to know in order to master first year graduate level microeconomics (at most, not all, schools). Those students will have to learn a great deal more mathematics; the material covered is necessary, but far from sufficient. However, entering grad students who did not, as undergraduates, m
Suitable as a textbook or a reference for advanced undergraduate and graduate students familiar with the basics of one-variable calculus and linear algebra, this book is an accessible, user-friendly guide to this key concept.. Morgan’s Explanation of Constrained Optimization for Economists solves this problem by emphasizing explanations, both written and visual, of the manner in which many constrained optimization problems can be solved. Such problems are at the heart of modern economics, where the typical behavioral postulate is that a decisionmaker behaves “rationally”; that is, chooses optimally from a set of constrained choices.Most books on constrained optimization are technical and full of jargon that makes it hard for the inexperienced reader to gain a holistic understanding of the topic. In a constrained optimization problem, the decisionmaker wants to select the “optimal” choice – the one most valuable to him or her – that also meets all of the constraints imposed by the problem. Peter B