ECONOMICS WITH CALCULUS
by Michael C Lovell (Wesleyan University, USA)
About the Author
Michael Lovell has taught micro economics, macro economics, public finance and econometrics at Yale, Carnegie-Mellon University and Wesleyan University. He has most enjoyed teaching his one semester calculus-based introductory economics course at Wesleyan. He has pursued a wide range of research interests and served on the editorial boards of Econometrica, The Review of Economics and Statistics, The Review of Economic Studies, The Journal of Economic Behavior and Organization, The Journal of the American Statistical Association and The Social Science Computer Review. He is a Fellow of the Econometric Society and a former president of the International Society for Inventory Research.
Click here for preface, contents and sample chapters.
This textbook provides a calculus-based introduction to economics. Students blessed with a working knowledge of the calculus will find that this text facilitates their study of the basic analytical framework of economics. The textbook examines a wide range of micro and macro topics, including prices and markets, equity versus efficiency, Rawls versus Bentham, accounting and the theory of the firm, optimal lot size and just in time, monopoly and competition, exchange rates and the balance of payments, inflation and unemployment, fiscal and monetary policy, IS-LM analysis, aggregate demand and supply, speculation and rational expectations, growth and development, exhaustible resources and over-fishing. While the content is similar to that of conventional introductory economics textbook, the assumption that the reader knows and enjoys the calculus distinguishes this book from the traditional text.
Contents:
- Production Possibilities
- Supply and Demand: Where do Prices come
from?
- Maximizing Satisfaction
- The Business Enterprise: Theory of the Firm
- Market Structure
- Distribution: Who Gets What?
- Monitoring Economic Performance
- GDP Accounting and the Multiplier
- Money, Prices and Output
- Dynamics, Expectations and Inflation
- Growth and Development
Readership: Undergraduates with a working knowledge of calculus; graduate
business school students with strong quantitative skills; as a supplemental read for calculus-aware students enrolled in a traditional micro or macro economics course; anyone with a quantitative bent who enjoys reading about economics and business developments in the popular press but wants to take a deeper and more structured look at how economists analyze the way the system works. This text does not presume prior course work in economics.
"For two years I have used drafts of Lovell's text at the Navel Academy. I have found it to be ideally suited for a one-semester introductory course for mathematically-inclined students. This text has several advantages over the conventional text in terms of content and organization. The treatment of welfare economics and the dynamics of growth — to name but two examples — far exceeds the standard."
Matthew Baker
Department of Economics
United States Naval Academy |
"Mike Lovell has written the book we would all like to write for the students we would all like to teach. Organizing his introductory text around the calculus and optimization, Lovell achieves a streamlined presentation of essential concepts. This economy leaves room for numerous, carefully crafted applications. Lovell moves easily from classics, such as Edgeworth and Hotelling, to recent innovations, such as rational expectations. In the process he shows the introductory student the elegance and power of the handful of concepts that underpins much of our discipline. It will be a treat to teach from this text."
C M Jones
Department of Economics
Bowdoin College, USA |
“This is a very clever pedagogical treatment of economics, particularly at the university undergraduate level, but it might even serve as an interesting textbook in high school (secondary education level) teaching where calculus is now taught in advance of university level enrollment ... there is no doubt that this book will serve mathematically for beginning students very well, maybe convincing many that economics is their subject.” See Full Review
Lawrence Klein
Nobel Laureate in Economics 1980
University of Pennsylvania |
| 632pp |
Pub. date: Aug 2004 |
