Building on a base of simple economic theory and elementary linear algebra and calculus, this broad treatment of static and dynamic optimization methods discusses the importance of shadow prices, and reviews functions defined by solutions of optimization problems. Recently revised and expanded, the second edition will be a valuable resource for upper level undergraduate and graduate students.
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This revised edition includes a new chapter on uncertainty, with applications to portfolio selection and the economics of information, and a fuller treatment of dynamic programming, with applications to search theory.The book is aimed at second and third year undergraduates taking macroeconomics courses with some quantitative content. It should also provide a simpler alternative to many postgraduate texts.
About the Author:Avinash K. Dixit is at Princeton University.
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1. Optimization in Economic Theory (Paperback)
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Book Description Oxford University Press, United Kingdom, 1990. Paperback. Condition: New. 2nd Revised edition. Language: English. Brand new Book. * This is the new edition of a popular student textbook. The first edition was well-received. The author has made revisions and additions to enhance the book's usefulness without destroying its distinctive character as a lucid, thorough, and readable text. It gives a broad treatment of optimization methods, building on simple economic theory and elementary linear algebra and calculus, and reinforcing each new mathematical idea by relating it to its economicsapplication. Seller Inventory # AAZ9780198772101
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Book Description Oxford University Press, United Kingdom, 1990. Paperback. Condition: New. 2nd Revised edition. Language: English. Brand new Book. * This is the new edition of a popular student textbook. The first edition was well-received. The author has made revisions and additions to enhance the book's usefulness without destroying its distinctive character as a lucid, thorough, and readable text. It gives a broad treatment of optimization methods, building on simple economic theory and elementary linear algebra and calculus, and reinforcing each new mathematical idea by relating it to its economicsapplication. Seller Inventory # BZE9780198772101
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