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 by the author, the second edition of this popular student text will be a valuable resource for upper level undergraduate and graduate students.
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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 by the author, the second edition of this popular student text will be a valuable resource for upper level undergraduate and graduate students.
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