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Matrix Algebra for Applied Economics,Used
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Coverage of matrix algebra for economists and students ofeconomicsMatrix Algebra for Applied Economics explains the important tool ofmatrix algebra for students of economics and practicing economists.It includes examples that demonstrate the foundation operations ofmatrix algebra and illustrations of using the algebra for a varietyof economic problems.The authors present the scope and basic definitions of matrices,their arithmetic and simple operations, and describe specialmatrices and their properties, including the analog of division.They provide indepth coverage of necessary theory and deal withconcepts and operations for using matrices in reallife situations.They discuss linear dependence and independence, as well as rank,canonical forms, generalized inverses, eigenroots, and vectors.Topics of prime interest to economists are shown to be simplifiedusing matrix algebra in linear equations, regression, linearmodels, linear programming, and Markov chains.Highlights include:* Numerous examples of realworld applications* Challenging exercises throughout the book* Mathematics understandable to readers of all backgrounds* Extensive uptodate reference materialMatrix Algebra for Applied Economics provides excellent guidancefor advanced undergraduate students and also graduate students.Practicing economists who want to sharpen their skills will findthis book both practical and easytoread, no matter what theirapplied interests.
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