Mathematical Modeling in Economics and Finance Probability, Stochastic Processes, and Differential Equations

Dunbar, Steven R.

ISBN 10: 1470448394 / ISBN 13: 9781470448394

Published by Maa Pr, 2019

232 pages. 10.50x7.50x1.00 inches. In Stock. Seller Inventory # 1470448394

Synopsis:

Mathematical Modeling in Economics and Finance is designed as a textbook for an upper-division course on modeling in the economic sciences. The emphasis throughout is on the modeling process including post-modeling analysis and criticism. It is a textbook on modeling that happens to focus on financial instruments for the management of economic risk. The book combines a study of mathematical modeling with exposure to the tools of probability theory, difference and differential equations, numerical simulation, data analysis, and mathematical analysis.

Students taking a course from Mathematical Modeling in Economics and Finance will come to understand some basic stochastic processes and the solutions to stochastic differential equations. They will understand how to use those tools to model the management of financial risk. They will gain a deep appreciation for the modeling process and learn methods of testing and evaluation driven by data. The reader of this book will be successfully positioned for an entry-level position in the financial services industry or for beginning graduate study in finance, economics, or actuarial science.

The exposition in Mathematical Modeling in Economics and Finance is crystal clear and very student-friendly. The many exercises are extremely well designed. Steven Dunbar is Professor Emeritus of Mathematics at the University of Nebraska and he has won both university-wide and MAA prizes for extraordinary teaching. Dunbar served as Director of the MAA's American Mathematics Competitions from 2004 until 2015. His ability to communicate mathematics is on full display in this approachable, innovative text.

About the Author: Steven R. Dunbar, University of Nebraska-Lincoln, NE.

Bibliographic Details

Title: Mathematical Modeling in Economics and ...
Publisher: Maa Pr
Publication Date: 2019
Binding: Hardcover
Condition: Brand New