Mathematics for Business Economics

Mathematics for Business Economics has been developed for students in mathematics in higher professional and university economics studies. It not only presents the fundamentals of mathematics, but also shows how mathematics is applied, especially in business economics. It is based on many years of experience in mathematics lectures in economics and business administration at Tilburg University, and on teaching high school students. As a result, this book perfectly fits the level of first-year students in economics and business administration. This is attained by paying more attention to elementary calculation techniques – e.g. solving of (in)equalities, arithmetics with powers –, the change in the order of the mathematical topics and the inclusion of more examples and exercises. Economic applications have been selected not only from the field of microeconomics, e.g. consumer and producer behavior, but also include modern portfolio theory, inventory management and statistics. In this revised edition a chapter is added that provides even more exercises. The book is also available as a Dutch language version, by the same authors: Wiskunde voor bedrijfseconomen. On www.wiskundeoptiu.nl/business-economics an e-learning environment is available, where mathematical notions and methods are explained with text, films and multiple choice questions. Prof. dr. Herbert Hamers is professor in Game Theory and Operations Research at Tilburg University. Dr. Bob Kaper was professor in Mathematics at Tilburg University. Dr. John Kleppe was affiliated as lecturer mathematics at Tilburg University.