Overview
In a constrained optimization problem, the decisionmaker wants to select the “optimal” choice – the one most valuable to him or her – that also meets all of the constraints imposed by the problem. Such problems are at the heart of modern economics, where the typical behavioral postulate is that a decisionmaker behaves “rationally”; that is, chooses optimally from a set of constrained choices. Most books on constrained optimization are technical and full of jargon that makes it hard for the inexperienced reader to gain a holistic understanding of the topic. Peter B. Morgan’s Explanation of Constrained Optimization for Economists solves this problem by emphasizing explanations, both written and visual, of the manner in which many constrained optimization problems can be solved. Suitable as a textbook or a reference for advanced undergraduate and graduate students familiar with the basics of one-variable calculus and linear algebra, this book is an accessible, user-friendly guide to this key concept.
Full Product Details
Author: Peter Morgan
Publisher: University of Toronto Press
Imprint: University of Toronto Press
Dimensions:
Width: 22.60cm
, Height: 3.90cm
, Length: 28.70cm
Weight: 1.580kg
ISBN: 9781442646537
ISBN 10: 1442646535
Pages: 504
Publication Date: 22 April 2015
Audience:
College/higher education
,
Professional and scholarly
,
Tertiary & Higher Education
,
Professional & Vocational
Format: Hardback
Publisher's Status: Active
Availability: Out of stock
The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available.
Reviews
"""An Explanation of Constrained Optimization for Economists presents fundamental mathematical concepts and tools for economists in innovative ways. The writing is vigorous and precise, yet easy to follow.""--Quan Wen, Department of Economics, University of Washington ""Peter Morgan has written the most student-friendly textbook of its level that I have seen. The organization is logical, the coverage accessible, and the book achieves a nice balance between rigor and intuition.""--Jinhua Zhao, Department of Economics, Michigan State University"
"""An Explanation of Constrained Optimization for Economists presents fundamental mathematical concepts and tools for economists in innovative ways. The writing is vigorous and precise, yet easy to follow."" --Quan Wen, Department of Economics, University of Washington ""Peter Morgan has written the most student-friendly textbook of its level that I have seen. The organization is logical, the coverage accessible, and the book achieves a nice balance between rigor and intuition."" --Jinhua Zhao, Department of Economics, Michigan State University"
An Explanation of Constrained Optimization for Economists presents fundamental mathematical concepts and tools for economists in innovative ways. The writing is vigorous and precise, yet easy to follow. - Quan Wen, Department of Economics, University of Washington Peter Morgan has written the most student-friendly textbook of its level that I have seen. The organization is logical, the coverage accessible, and the book achieves a nice balance between rigor and intuition. - Jinhua Zhao, Department of Economics, Michigan State University
Author Information
Peter B. Morgan is an associate professor in the Department of Economics at the University at Buffalo.
