Mathematical Methods and Economic Theory

Meant for first year postgraduate students of economics, this book provides an understanding of the mathematical propositions necessary for comprehensively following the fundamentals of economic theory. These mathematical tools help the student to define terms precisely and apply them to real world situations and also to the needs of economics like problems of decision making, inflation, forecast, and risk.

With an aim to broaden the applicability of an economic model through mathematics, this volume addresses students as well as teachers of mathematical methods in economics course as it constitutes the very basic set of problems in fundamental aspects of economic theory.