Mathematics for Business, Finance and Economics Book

Basic competence in mathematical and quantitative techniques is increasingly a requirement in today's business training. This user-friendly comprehensive textbook provides a thorough introduction to mathematical concepts and methods used in the analysis of business management, finance and economics. Much of the coverage is also relevant for students of other social sciences at university level where a quantitative approach is employed. The chapters of the books are each carefully designed with a graduated approach to lead the students through from a basic level to more advanced application. This should enable students and teachers to choose the level appropriate for their course. Topics covered include: linear equations and inequalities, with applications in market demand and supply, linear programming, and production planning; functions, derivatives and optimization of functions, with application to profit and sales revenue maximization, cost minimization, income from taxes, aggregate sales curves, and finance; optimization under constraint, including the Lagrange Multiplier and substitution methods; and the Kuhn-Tucker conditions.Read More