Mathematical Economics: A Reader
Birendra Rai (),
Chiu Ki So and
Aaron Nicholas
No 02-11, Monash Economics Working Papers from Monash University, Department of Economics
Abstract:
This paper is modeled as a hypothetical first lecture in a graduate Microeconomics or Mathematical Economics Course. We start with a detailed scrutiny of the notion of a utility function to motivate and describe the common patterns across Mathematical concepts and results that are used by economists. In the process we arrive at a classification of mathematical terms which is used to state mathematical results in economics. The usefulness of the classification scheme is illustrated with the help of a discussion of fixed-point theorems and Arrow's impossibility theorem. Several appendices provide a step-wise description of some mathematical concepts often used by economists and a few useful results in microeconomics.
Keywords: Mathematics; Set theory; Utility function; Arrow's impossibility theorem (search for similar items in EconPapers)
Pages: 57 pages
Date: 2011-06
New Economics Papers: this item is included in nep-hpe and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:mos:moswps:2011-02
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