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A good introduction for the
by yeltsin on March 11, 2010Chiang & Wainwright manage to cram a lot of information into a fairly brief book. This will provide econ majors with some of the necessary tools - eg teaching them Cramer's rule for matrix algebra, some topics in calculus of several variables etc - that enables them to cope with introductory micro- and macroeconomics. It will not, however, prepare them properly for mathematical economics or graduate studies. The reader will learn a lot of mathematical methods and tools, but they will not - though they may believe so - gain a proper understanding of how they actually work.
Though a maths student may sneer at some of the oversimplifications, and the lack of proofs and theorems, this is a very good introduction. For those who want to go on studying economics (or, indeed, understand even the calculus presented in books such as the - mathematically - fairly basic 'Introduction to Modern Economic Growth') this should not be the sole text.
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