Honors Companion to accompany Economics

This supplement presents mathematical techniques that underlie numerous basic economic concepts. Each chapter presents an economic concept, goes through a numerical example, and then gives problems for students to solve.

Preface

xv

Part I Mathematical Tools

Mathematics, Algebra, and Economics

1

(12)

Geometric Tools and Economics

13

(14)

Calculus and Economics

27

(22)

Part II Macroeconomics

The Multiplier Model

49

(10)

The International Locomotive Effect

59

(8)

The Geometry of the IS-LM Model

67

(20)

The Algebra of the IS-LM Model

87

(12)

The Multiplier-Accelerator Model

99

(10)

Interest Rates, Present Value and Future Value

109

(12)

The Exchange Rate, Balance of Trade and the J-Curve

121

(14)

Part III Microeconomics

Supply and Demand

135

(10)

The Mathematics of Elasticities

145

(14)

Theory of Choice and Consumer Behavior

159

(14)

Production

173

(20)

Costs

193

(20)

Linear Programming

213

(14)

The Firm's Optimizing Decision Under Various Market Structures

227

(28)

Applying the Competitive Model

255

(22)

Appendix I Answers to End of Chapter Problems

277

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Honors Companion to accompany Economics

Summary

Table of Contents

Supplemental Materials