Syllabus Supplement
Supplementary Reading in Mathematical Economics
This is an idiosyncratic collection of supplemental resources for Econ-705.
Supplementary Software
Python
Students interested in attempting the homework problems in Python should look at `Python 101`_ and then:
_ Python 101: https://python101.pythonlibrary.org/
- Mathematics for the Digital Age and Programming in Python; ch. 2, 3, 9
- A Primer on Scientific Programming with Python, ch. 1
- Economic Dynamics: Theory and Computation, ch. 2
Consider downloading the free (for academic use) Enthought Deployment Manager. (This includes the NumPy, Matplotlib and SciPy libraries.)
Additional Useful Texts
A small amount of required reading from these texts is listed on the syllabus. Aside from this, the following texts are “recommended reading” only if you are interested in pursuing specific topics beyond the scope of this course. In addition, you can find a variety of free texts at http://people.math.gatech.edu/~cain/textbooks/onlinebooks.html.
Introductory
- The Student's Introduction to Mathematica: A Handbook for Precalculus, Calculus, and Linear Algebra
- Mathematical Methods for Economics
Intermediate
- Fundamental Methods of Mathematical Economics
- Mathematics for Economists
Advanced
- Foundations of Mathematical Economics
- Mathematical Methods and Models for Economists
- An Introduction to Mathematical Analysis for Economic Theory and Econometrics
[Corbae.Stinchcombe.Zeman-2009-PrincetonUP] (errata: 1 | 2),
- Economic Dynamics: Theory and Computation
- Mathematics for Econometrics
- Concavity and Optimization in Microeconomics
Prerequisite Readings
Complete the following readings before the first week of class. In addition, please read Chapter 2 of my Mathematica Introduction. and [Torrence.Torrence-2019-CambridgeUP] ch. 1 and 2.
Why Use Math in Economics?
Week 0 (Background)
Required
Recommended
[Hoy.etal-2022-MITPress] ch. 1;
The Structure of Economic Models
Week 0 (Background)
Required
[Chiang.Wainwright-2005-Irwin] ch.2,3;
Recommended
Logic and Proofs
Introduction to Logic and Proofs
- Applied Discrete Structures, ch. 3
[Doerr.Levasseur-2021-Lulu]
- Foundations of Mathematical Economics, ch. 1.1
- How to Prove It: A Structured Approach, ch. 1–3
- A Concise Introduction to Logic
by Craig DeLancy is freely available online.
More Logic
Babbay, Dov M. and C. J. Hogger and J. A. Robinson (eds), 1995, Handbook of Logic in Artificial Intelleigence and Logic Programming vol. 4 (isbn: 85379103)
Cleave, John P. A Study of Logics (Oxford : Clarendon Press ; New York : Oxford University Press, 1991) ISBN: 0198532113
- Logic, Sets, and Recursion
- First-Order Logic
- Logic of Mathematics: A Modern Course of Classical Logic
Sets
Introductory level resources:
- Sets, Numbers, and Functions
[Hoy.etal-2022-MITPress] ch. 2
- Sets, Numbers, and Proofs
[Simon.Blume-1994-WWNorton], appendix A1
[Klein-2001-AddisonWesley] ch. 2;
Intermediate level resources:
- Logic and Sets (!)
[Velleman-2019-CambridgeUP], ch.1 and ch.2
- Elements of Set Theory
[Ok-2007-PrincetonUP] ch. A.1
- Applied Mathematics for Database Professionals
- Sets and Logic; Functions
[Stachurski-2022-MITPress], appendix A.1.1; A.1.2
- Applied Discrete Structures, ch. 1, 2, 4
- Applied Mathematics for Database Professionals, ch. 1, 2
[Haan.Koppelaars-2007-Apress] ch. 1, 2;
Recommended Advanced Discussion:
- An Introduction to Mathematical Analysis for Economic Theory and Econometrics, ch. 1
Probability and Counting
Counting
- Counting
[Hammack-2018-self] ch.3
Probability
- Introduction to Probability
[Grinstead.Snell-2003-AMS] ch.1,2 https://open.umn.edu/opentextbooks/textbooks/21
- Introduction to Econometrics
[Hansen-2022a-PrincetonUP], ch. 1–3 https://www.ssc.wisc.edu/~bhansen/probability/ Chaper 1: Basic Probability Theory, Chaper 2: Random Variables, Chaper 3: Parametric Distributions
Decision Making Under Risk
- Attitudes, Traits, and Actions: Dispositional Prediction of Behavior in Personality and Social Psychology
Ajzen, I. (1987) , in L. Berkowitz (ed) Advances in Experimental Social Psychology 20, 1-63. San Diego: Academic Press.
- Le Comportement de l'Homme Rationel Devant le Risque,
Allais, A. (1953) Critique des Postulates et Axioms de l'Ecole americaine, Econometrica 21, 503-546.
- Beyond Microeconomics: conflict among interests in a multiple self as a determinant of value
Anslie, G. (1982) , in J. Elster (ed) The Multiple Self. Cambridge: Cambridge University Press.
- Alternative Approaches to the Theory of Choice in Risk-Taking Situations
Arrow, K. (1951) , Econometrica 19, 404-37.
- Nonconsequentialist Decisions
Baron (1994) , Behavioral and Brain Sciences 17, 1-42.
- Biases in the quantitative measurement of values for public decisions
Baron, J. (1997) , Psychological Bulletin 122, 72-88.
- The Economic Way of Looking at Behavior
Becker, G. (1993) , Journal of Political Economy, 101, 385-409.
- Specimen Theoriae Novae th Mensura Sortis
Bernoulli, D. (1738) , Commentarii Academiae Scientiarum Imperiales Petropolitanae 5, 175-192.
- Measuring values of extra-market goods: are indirect measures biased?
Bishop, R.; Heberlein, T. (1979) American Journal of Agricultural Economics 61, 926-930.
- Estimating willingness to pay: an experiment
Bohm, P. (1972) , European Economic Review 3, 111-130.
- Commodity Specification and the Framing of Contingent-Valuation Questions
Boyle, K. (1989) , Land Economics 65, 57-63.
- Starting Point Bias in Contingent Valuation Bidding Games
Boyle, K.; Bishop, R.; Welsh, M. (1985) , Land Economics 61, 188-94.
- The Role of Question Order and Respondent Experience in Contingent-Valuation Studies
Boyle, K.; Welsh, M.; Bishop, R. (1993) , Journal of Environmental Economics and Management 25, Part 2, S80-S99.
- Do Biases in Probability Judgment Matter in Markets? Experimental Evidence
Camerer, C. (1987) , American Economic Review 77, 981-997.
- Progress in Behavioral game Theory
Camerer, C. (1998) , Journal of Economic Perspectives, forthcoming.
- Contingent Valuation and Revealed Preference Methodologies: Comparing the Estimates for Quasi-Public Goods
Carson, R. et al (1994) , University of California, San Diego Department of Economics Working Paper 94-07.
- Referendum contingent valuation estimates: sensitivity to the assignment of offered values
Cameron, T.; Huppert, D. (1991) , Journal of the American Statistical Association 86, 910-918.
- The Foundations of Utility
Chipman, J. (1960) , Econometrica 28, 193-224.
- Restructuring: Constructive Processing of Information Displays in Consumer Choice
Coupey, E. (1994) , Journal of Consumer Research 21, 83-89.
Deaton, A.; Muellbauer, J. (1980) Economics and Consumer Behavior, Cambridge University Press: Cambridge.
Debreu, G. (1959) Theory of Value, Wiley: New York.
- Inconsistent Trade-offs Between Attributes: New Evidence in Preference Assessment Biases
Delquie, P. (1993) , Management Science 39, 1382-1395.
Desvousges, W.; Johnson, R.; Dunford, R.; Boyle, K.; Hudson, S.; Wilson, N. (1992) Measuring Nonuse Damages using Contingent Valuation: An Experimental Evaluation of Accuracy. RTI Monograph 93-1: Research Triangle NC.
- Contingent Valuation: Is Some Number Better than No Number?
Diamond, P.; Hausman, J. (1994) Journal of Economic Perspectives; 8, 45-64.
Davidson, D.; Suppes, P. (1957) Decision Making, Stanford: Stanford University Press.
Festinger, L. (1957) A Theory of Cognitive Dissonance, Stanford: Stanford University Press.
Fisher, I. (1930) The Theory of Interest, New York: Macmillan.
Fischoff, B. ; Welch, N. (1998), Construal Processes in Preference Assessment, Journal of Risk and Uncertainty.
- The Role of Moral Sentiments in the Theory of Intertemporal Choice
Frank, R. (1992) , in G. Loewenstein and J. Elster (eds) Choice over Time, New York: Russell Sage Foundation.
- Rethinking Rational Choice
Frank, R. (1990) , in R. Friedland and A. Robertson (eds) Beyond the marketplace: Rethinking economy and society. Sociology and Economics: Controversy and Integration series, New York: Aldine de Gruyter, 1990, pages 53-87.
- Duration neglect in retrospective evaluations of affective episodes
Fredrickson, B.; Kahneman, D. (1993) , Journal of Personality and Social Psychology 65, 45-55.
- The Utility Analysis of Choices Involving Risk
Friedman, M.; Savage, L. (1948) , Journal of Political Economy 56, 279-304.
- The Importance of Routines for the Performance of Everyday Activities
Garling, T. (1992) , Scandinavian Journal of Psychology 33, 170-177.
- When Do Stated Preferences (SP) Predict Actual Behavior?
Garling, T.; Gillholm, R. (1998) Working Paper, Goteborg University.
- Pennies a Day: Increasing Consumer Compliance Through Temporal Re-Framing
Gourville, J. (1996) , Harvard University Working Paper.
- Referendum Contingent Valuation, Anchoring, and Willingness to Pay for Public Goods
Green, D.; Jacowitz, K.; Kahneman, D.; McFadden, D. (1998) , Energy and Resources Journal
- Economic Theory of Choice and the Preference Reversal Phenomena
Grether, D.; Plott, C. (1979) , American Economic Review 69, 623-638.
- Measures of Cognitive Functioning in the AHEAD Study
Hertzog, R.; Wallace, R. (1996) , Journal of Gerontology 52B, 37-48.
- Valuing Public Goods with the Contingent Valuation Method: A Critique
Harrison, G. (1992) , Journal of Environmental Economics and Management 23, 248-57.
- Melioration: A Theory of Distributed Choice
Herrnstein,R.; Prelec, D. (1991) , Journal of Economic Perspectives 5, 137-156.
- Measures of Cognitive Functioning in the AHEAD Study
Hertzog, R.; Wallace, R. (1996) Journal of Gerontology 52B, 37-48.
- Ventures, Bets, and Initial Prospects
Hildreth, C. (1974) , in M Balch et al (eds) Essays on Economic Behavior Under Uncertainty, North Holland, 99-122.
- Time-Consistent Preferences and Consumer Self-Control
Hoch, S. (1991) , Journal of Consumer Research 17, 492-507.
- An Independent Sample Test of Yea-Saying and Starting Point Bias in Dichotomous-Choice Contingent Valuation
Holmes, T.; Kramer, R. (1995) , Journal of Environmental Economics and Management 29, 121-32.
- Adding Asymmetricaly Dominated Alternatives: Violations of Regularity and the Similarity Hypothesis
Huber, J.; Payne, J.; Puto, C. (1982) , Journal of Consumer Research 9, 90-98.
Hurd, M. (1998), Anchoring Effects in the HRS: Experimental and Non-Experimental Evidence, Journal of Risk and Uncertainty.
- Consumption and Savings Balances of the Elderly: Experimental Evidence on Survey Response Bias
Hurd, M; McFadden, D.; Chand, H.; Gan, L.; Merrill, A.; Roberts, M. (1997) , National Bureau of Economic Research Working Paper.
- Measuring Non-use Value of Environmental Goods Using the Contingent Valuation Method: Problems of Information and Cognition and the Application of Cognitive Questionnaire Design Methods
Hutchinson, G.; Chilton, S.; Davis, J. (1995) , Journal of Agricultural Economics 46, 97-112.
- When More Pain is Preferred to Less
Kahneman, D.; Fredrickson, D.; Schreiber, C.; Redelmeier, D. (1993) , Psychological Science 4, 401-405.
- Valuing Public Goods: The Purchase of Moral Satisfaction
Kahneman, D.; Knetsch, J. (1992) , Journal of Environmental Economics and Management 22, 57-70.
- Experimental Tests of the Endowment Effect and the Coase Theorem
Kahneman, D.; Knetsch, J.; Thaler, R. (1990) , Journal of Political Economy 98, 1325-1348.
- The Endowment Effect, Loss aversion, and Status Quo bias
Kahneman, D.; Knetsch, J.; Thaler, R. (1991) , Journal of Economic Perspectives 5, 193-206.
- Economists have Preferences, Psychologists Have Attitudes: An Analysis of Dollar Responses to Public Issues
Kahneman, D.; Ritov, I.; Schkade, D. (1998) , Princeton University Working Paper.
Kahneman, D.; Slovic, P.; Tversky, A., eds (1982) Judgment Under Uncertainty: Heuristics and Biases, Cambridge: Cambridge University Press.
- Subjective Probability: A Judgment of Representativeness
Kahneman, D.; Tversky, A. (1972) , Cognitive Psychology 3, 430-451.
- On the Psychology of Prediction
Kahneman, D.; Tversky, A. (1973) , Psychological Review 80, 237-251.
- Intuitive Prediction: Biases and Corrective Procedures
Kahneman, D.; Tversky, A. (1979) , Studies in Management Science 12, 313-327.
- On the Study of Statistical Institutions
Kahneman, D.; Tversky, A. (1982) , Cognition 11, 123-141.
- Choices, Values, and Frames
Kahneman, D.; Tversky, A. (1984) , American Psychologist 39, 341-350.
Keynes, J. (1921) A Treatise on Probability, New York: Macmillan.
Knight, F. (1921) Risk, Uncertainty, and Profit, New York: Houghton-Mifflin.
Larrick (1993) Organizational Behavior and Human Decision Processes.
- Frames of Mind in Intertemporal Choice
Lowenstein, G. (1988) , Management Science 34, 200-214.
- Out of control: Visceral Influences on Behavior
Lowenstein, G. (1996) , Organizational Behavior and Decision Processes 65, 272-92.
- Wouldn't It Be Nice? Predicting Future Feelings
Lowenstein, G.; Schkade, D. (1998) in E. Diener, N. Schwartz, and D. Kahneman (eds) Hedonic Psychology: Scientific Approaches to Enjoyment, Suffering, and Well-Being. New York: Russell Sage Press.
- Adaptive Behavior and Economic Theory
Lucas, R. (1987) , in R. Hogarth and M. Reder (eds) Rational Choice: The Contrast Between Economics and Psychology. Chicago: University of Chicago Press.
- Dynamic Consistency and Non-Expected Utility Models of Choice Under Uncertainty
Machina, M. (1989) , Journal of Economic Literature 32, 1622-1668.
- Rational Behavior, Uncertain Prospects, and Measurable Utility
Marschak, M. (1950) , Econometrica 18, 111-141.
- On Some Facets of Betting
McFadden, D. (1974) , in M Balch et al (eds) Essays on Economic Behavior Under Uncertainty, North Holland, 99-122.
- Econometric Models of Probabilistic Choice
McFadden, D. (1981) , in C. Manski & D. McFadden (eds) Structural Analaysis of Discrete Data with Econometric Applications, Cambridge: MIT Press.
- Contingent valuation and social choice
McFadden, D. (1994) , American Journal of Agricultural Economics 76, 689-708.
- Computing Willingness-to-Pay in Random Utility Models
McFadden, D. (1997) , in R. Hartman and J. Moore (eds), Essays in Honor of John Chipman, forthcoming.
- Das Unsicherheitsmoment in der Wertlehre betrachtungen im Anschluss an das sogenannte Petersburger Spiel
Menger, K. (1934) , Zeitschrift fuir Nationalokonomis Band V, Heft 4, 459-485.
- Economics and the Social Sciences
Papandreou, A. (1960) , Economic Journal 60, 715- 723.
- Behavioral Decision Research: A Constructive Process Perspective
Payne, J., Bettman, J.; Johnson, E. (1992) , Annual Review of Psychology 43, 87-131.
Payne, J.; Bettman, J., Schkade, D. (1998), Measuring Preferences in a Constructive World, Journal of Risk and Uncertainty, this issue.
Poulton, E. (1989) Bias in Quantifying Judgment. Hillsdale: Lawrence Erlbaum.
Poulton, E. (1994) Behavioral Decision Theory: A New Approach. New York: Cambridge University Press.
- Values and principles: Some limitations on traditional economic analysis
Prelec, D. (1991) , in A. Etzioni & P. Lawrence (eds) Perspectives on Socioeconomics. London: M.E. Sharpe.
- The red and the Black: Mental Accounting of Savings and Debt
Prelec, D.; Lowenstein, G. (1997) , MIT Working Paper.
- Self-Deception and the Voter's Illusion,
Quattrone, G.; Tversky, A. (1986) in J. Elster (ed) The Multiple Self, Cambridge University Press.
- Psychology and Economics
Rabin, M. (1996) , Journal of Economic Literature, forthcoming.
- Truth and Probability
Ramsey, F. (1931) , in The Foundations of Mathematics and Other Logical Essays, Paul, Trench, Trubner.
- The Relevance of Quasi-Rationality in Competitive Markets
Russell, T.; Thaler, R. (1988) , in D. Bell, H. Raiffa, & A. Tversky (eds) Decision Making: Descriptive, Normative, and Prescriptive Interactions, Cambridge University Press.
- Status Quo Bias in Decision Making
Samuelson, W.; Zeckhauser, R. (1988) , Journal of Risk and Uncertainty, 1, 7-59.
- How People Respond to Contingent Valuation Questions: A Verbal Protocol Analysis of Willingness to Pay for an Environmental Regulation
Schkade, D.; Payne, J (1994) , Journal of Environmental Economics and Management; 26, 88-109.
- Willingness to Pay for Environmental Goods in Norway: A Contingent Valuation Study with Real Payment
Seip, K.; Strand, J. (1992) , Environmental and Resource Economics 2, 91-106.
- Thinking Through Uncertainty: Nonconsequential Reasoning and Choice
Shafir, E.; Tversky, A. (1992) , Cognitive Psychology 24, 449-474.
- The behavior of respondents in contingent valuation: evidence on starting bids
Silberman, J.; Klock, M. (1989) , Journal of Behavioral Economics, 18, 51-60.
- Theories of Decision-Making in Economics and Behavioral Science
Simon, H. (1959) , American Economic Review 49, 253-283.
- Choice in Context: Tradeoff Contrast and Extremeness Aversion
Simonson, I.; Tversky, A. (1992) , Journal of Marketing Research 29, 281-295.
- An experimental comparison of three public good decision mechanisms
Smith, V. (1979) , Scandinavian Journal of Economics, 81, 198-215.
- Public Good Provision and Public Bad Prevention: The Effect of Framing
Sonnemans, J.; Schram, A.; Offerman, T. (1994) , University of Amsterdam working paper.
- Learning in and about Complex Systems
Sterman, J. (1994), System Dynamics Review 10, 291--330.
- Process Descriptions of Decision Making
Svenson, O. (1979), Organizational Behavior and Human Performance 23, 86--112.
- On the Modeling of Human Choices in Descriptive Behavioral Decision Theory
Svenson, O. (1996), Stockholm University Working Paper.
- Principles of Economics
Taussig, F. (1912) Macmillan.
- Mental Accounting and Consumer Choice
Thaler, R. (1985) , Marketing Science 4, 199-214.
- Savings, Fungability, and Mental Accounts
Thaler, R. (1990), Journal of Economic Perspectives 4, 193-205.
- Quasi-Rational Economics
Thaler, R. (1991) Russell Sage Foundation.
- Gambling with the House Money and Trying to Break Even: The Effects of Prior Outcomes on Risky Choice
Thaler, R. and Johnson, E. (1990), Management Science, 36, 643--660.
- Neglect of Stimulus Information in a Two-choice Task
Tune, G. (1966), Journal of General Psychology 74, 231--236.
- On the Elicitation of Preferences: Descriptive and Prescriptive Considerations
Tversky, A. (1977), in Bell, D., Kenney, R., and Raiffa, H., eds., Conflicting Objectives in Decisions, Wiley: New York.
- Weighing Risk and Uncertainty
Tversky, A. and Fox, C. (1995), Psychological Review 102, 269--283.
- Belief in the Law of Small Numbers
Tversky, A. and Kahneman, D. (1971), Psychological Bulletin 76, 105--110.
- Judgment under Uncertainty: Heuristics and Biases
Tversky, A. and Kahneman, D. (1974) Science, 185, 1124--1131.
- The Framing of Decisions and the Psychology of Choice
Tversky, A.; Kahneman, D. (1981) , Science 211, 453-458.
- Loss Aversion in Riskless Choice: A Reference-Dependent Model
Tversky, A.; Kahneman, D. (1991) , Quarterly Journal of Economics 107, 1039-1061.
- Advances in Prospect Theory: Cumulative Representations of Uncertainty
Tversky, A.; Kahneman, D. (1992) , Journal of Risk and Uncertainty 5, 297-323.
- The Causes of Preference Reversal
Tversky, A.; Slovic, P.; Kahneman, D. (1990) , American Economic Review 80, 204-217.
- The Disjunction Effect in Choice Under Uncertainty
Tversky, A.; Shafir, E. (1992) , Psychological Science 3, 305-309.
- Contingent Weighting in Judgment and Choice
Tversky, A.; Sattath, S.; Slovic, P. (1988) , Psychological Review 95, 371-384.
- Theory of Games and Economic Behavior
von Neumann, J. and Morgenstern, O. (1947) Princeton University Press.
- Giving Respondents Time to Think in Contingent Valuation Studies: A Developing Country Application
Whittington, D. et al. (1992), Journal of Environmental Economics and Management 22(3), 205-225.
Simulated Draws
- Darts, Dice, and Coins
by Keith Schwarz explains Vose's alias method. https://www.keithschwarz.com/darts-dice-coins/
Binary Relations
Basic Concepts
- Relations
[Velleman-2019-CambridgeUP] ch.4 offers an extremely accessible introduction to binary relations.
- Relations
[Velleman-2006-CambridgeUP] ch.4 covers transitive closure.
- Relations
[Ok-2007-PrincetonUP] ch. A.1.2, A.1.3, A.1.4 offers a condensed overview.
- An Introduction to Mathematical Analysis for Economic Theory and Econometrics, ch.2
[Corbae.Stinchcombe.Zeman-2009-PrincetonUP] offers an introduction that emphasizes consumer theory.
- Building Blocks for Theoretical Computer Science, ch. 6-9
[Fleck-2013-Self] introduces binary relations from a CS perspective.
- Models in Microeconomic Theory, ch. 1-2
Applications
- Collective Choice and Social Welfare
[Sen-1970-HoldenDay] applies binary relations to the analysis of social choice.
Further Concepts
- Foundations of Mathematical Economics
[Carter-2001-MITPress] ch. 1.2 (Ordered Sets) and 1.6 (Preference Relations) and 2 (Functions).
- Applied Discrete Structures, ch. 6 (relations) and 7 (functions)
- Group Theory: Important Preliminaries
Video by Steven Roman: https://www.youtube.com/watch?v=ehqJeSGtv_4
- Partially Ordered Sets and Indicator Functions
Video by Richard Southwell: https://www.youtube.com/watch?v=Y_QaYRwkT2c (Note: in this video, indicator functions have a range of {F,T} instead of {0,1}.)
Computational Applications
- Types and Programming Languages, ch. 2
- Applied Mathematics for Database Professionals, ch. 4
[Haan.Koppelaars-2007-Apress] introduce binary relations in the context of relational databases.
Discrete Math
- Applied Discrete Structures
[Doerr.Levasseur-2021-Lulu] is an open textbook.
- Discrete Mathematics and its Applications, 8th Edition,
Rosen, Kenneth H. McGraw-Hill, Inc., New York, 2019. http://www.mhhe.com/rosen/
GARP
- Foundations of Economic Analysis
- WARP Does Not Inply SARP for More Than Two Commodities
Functions
Basics of Functions
- Functions
- Mathematics for Economists
[Simon.Blume-1994-WWNorton] ch. 5 (covers exponents and logarithms)
- Foundations of Mathematical Economics ch. 2.1
- Functions
[Abramson-2022-OpenStax] ch. 1
Injectivity and Surjectivity
- Video: Intuitive Introduction to Category Theory
Functions: Polynomials
- Foundations of Mathematical Economics
[Carter-2001-MITPress] ch 4.4
- Recommended:
Bezier Curves by Paul Bourke
Functions: Exponents and Logarithms
Functions: Trigonometry and Complex Numbers
- Video: Visualizing Six Trigonometric Functions via Unit Circle
by Jack L. Jackson II
[Simon.Blume-1994-WWNorton] ch.2,5; Appendix A2, A3;
Introduction to Real Analysis
- Principles of Mathematical Analysis
[Rudin-1976-McGrawHill] is a lovely short introduction for the mathematically inclined.
- Introduction to Real Analysis
[Trench-2003-Pearson] (open textbook)
- Mathematical Analysis
- An Introduction to Mathematical Analysis for Economic Theory and Econometrics
Sequences
Introductory
- Sequences, Series, and Limits
[Hoy.etal-2022-MITPress] ch. 3
Intermediate
- Sequences and Series: An Introduction to Mathematical Analysis
- Convergent Sequences
Videos
Video by Trefor Bazett: Limits of Sequences, Limit laws & Function Representations
Videos by Wrath of Math: Definition of the Limit of a Sequence and Connecting Function Limits and Sequence Limits
Video: Sum n Positive Squares by Mathematical Visual Proofs
Basic Topology
- Topology without Tears
[Morris-2020-Topology] (http://www.topologywithouttears.net/);
Videos
Video by Dr. Peyam: Compactness
Basic Calculus
Limits, Continuity, and Derivatives
Basic Introduction to Calculus
- Introduction to Calculus
[Abramson-2022-OpenStax] ch. 12
Introduction to Calculus
- Derivatives and Differentials
[Simon.Blume-1994-WWNorton] ch.2-4;
- Active Calculus
by Matthew Boelkins pre-calc, univariate calculus, and multivariate calculus. https://activecalculus.org/
Univariate Optimization
- Mathematics for Economists, ch. 13, 14, 17, 29
Linear Algebra
Vector Spaces
- Mathematics for Economists, ch. 10, 11
An Introduction to Matrix Algebra
- Introduction to Linear Algebra
[Dhrymes-2013-Springer] ch. 1;
Recommended
- Foundations of Mathematical Economics ch. 3.1, 3.5
[Simon.Blume-1994-WWNorton] ch. 26,27,28,12;
[Klein-2001-AddisonWesley] ch. 4,5;
[Litvin.Litvin-2010-Skylight] ch 14.2
- Video: Matrix Multiplication in Excel
Elementary Matrices
- Systems of Linear Equations
- Matrix Algebra
- Video: Elementary Matrices
- Video: Elementary Matrices and Inverses
More Matrix Algebra
[Simon.Blume-1994-WWNorton] ch. 9, 10, 11, 26;
- Video: LU Decomposition
- Video: LU Decomposition
- The Extraordinary SVD
Determinants and Inverses
- Determinants and Inverses
[Hoy.etal-2022-MITPress] ch. 9
- Determinants
[Simon.Blume-1994-WWNorton] ch.9 (Determinants) and 26 (Determinants)
Quadratic Forms
- Quadratic Forms
[Hoy.etal-2022-MITPress] ch. 10.2
- Quadratic Forms
[Simon.Blume-1994-WWNorton] ch. 13.3, 16
The Comparative Statics of Linear Models
- Mathematics for Economists, ch. 6-9
[Simon.Blume-1994-WWNorton] ch. 26;
[Klein-2001-AddisonWesley] ch. 4,5;
- Fundamental Methods of Mathematical Economics ch.5
Introduction to Game Theory
- A Course in Game Theory
Osborne, Matin, and Ariel Rubinstein, (MIT Press 1994) isbn 0-262-15041-7
- Discrete Mathermatics and Game Theory
Owen, Gullermo, 1999, (Kluwer) isbn 0-7923-8511-X
Linear Algebra: Core Theory
Understanding Linear Algebra by David Austin is an open textbook.
Strang, Gilbert, Linear Algebra & Its Applications 4th ed. (or later) (Harcourt College Publishers)
Linear Algebra by Jim Hefferon
Multivariate Calculus
Basic Multivariate Calculus
- Multivariate Calculus
[Hoy.etal-2022-MITPress] ch. 11
- Calculus of Several Variables
[Simon.Blume-1994-WWNorton] ch. 14
Nonlinear Comparative Statics
- Comparative Statics
[Hoy.etal-2022-MITPress] ch. 14
- Implicit Functions
[Simon.Blume-1994-WWNorton] ch. 15
Eigensystems
- Eigensystems
[Hoy.etal-2022-MITPress] ch. 10.1
- Mathematics for Economists, ch. 23
Multivariate Optimization
- Foundations of Mathematical Economics
- Optimization and Stability Theory for Economic Analysis
- A Class Of Methods For Solving Nonlinear Simultaneous Equations
Dennis, J.E., Jr., Schnabel, R.B. (1981): A New Derivation Of Symmetric Positive Definite Secant Updates. In: Mangasarian, O.L., Meyer, R.R., Robinson, S.M., eds., Nonlinear Programming 4, 1980. Academic Press, New York, NY, 167–199
- On the Discovery of the “Good Broyden” Method
C.G. Broyden, Journal of Mathematical Programming Volume 87, Number 2 / April, 2000 Pages 209--213
- Multivariate Optimization
[Hoy.etal-2022-MITPress] ch. 12
- Mathematics for Economists, ch. 17-19
- Foundations of Mathematical Economics, ch. 5.1-5.3
Constrained Multivariate Optimization
- Constrained Multivariate Optimization
[Hoy.etal-2022-MITPress] ch. 13, 15
Dynamic Programming
- On the Differentiability of the Value Function in Dynamic Models of Economics
- Economic Dynamics: Theory and Computation
Hamiltonian Dynamics
- Introduction to Hamiltonian Dynamics in Economics
Category Theory
The core online resource is nLab.
Introductory
- Video: Intuitive Introduction to Category Theory
Intermediate
- Basic Category Theory for Computer Scientists
Econometrics and Statistics
- An Introduction to Statistical Thinking: With Applications in Python
- Toward A Formal Science Of Economics: The Axiomatic Method in Economics and Econometrics
Stigum,Bernt P.,
Programming Languages
- Matlab, Python, Julia: What to Choose in Economics?
R Language (Gnu S)
- S Programming
Venables, W. N., 2000, (Springer)
Julia
- Julia: A Fresh Approach to Numerical Computing
- Economic Dynamics: Theory and Computation
Python
- Economic Dynamics: Theory and Computation
PostScript
Knowledge of PostScript is no longer necessary for most economists. Draw with TikZ instead.
- PostScript Drawing: An Economist’s Guide
- The PostScript and PDF bible 2nd Edition.
Merz, Thomas, 2000
- PostScript Language Tutorial and Cookbook
Staff, Adobe Systems Inc., 1986,
- Real World PostScript
Roth, Stephen F. ed. (Addison-Wesley, 1988).
Supplementary Topics
Numerical Methods
- Numerical Methods That Work
- Numerical Methods in Economics
- Economic Dynamics: Theory and Computation
Learning
- Learning and Expectations in Macroeconomics
- Convergence of Least-Square Learning Mechanisms in Self-Referential Linear Stochastic Models
- Learning, Estimation, and the Stability of Rational Expectations
Details
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Acton, Forman S. (1997) Numerical Methods That Work. New York: Harper & Row for the Mathematical Association of America.
Adamowicz, Zofia, Pawel Zbierski, and Pawe Zbierski. (1997) Logic of Mathematics: A Modern Course of Classical Logic. : John Wiley and Sons.
Adams, Malcolm R. (2012) Sequences and Series: An Introduction to Mathematical Analysis. : Self published. http://www.math.uga.edu/~adams/
Battalio, Raymond C., et al. (1973) A Test of Consumer Demand Theory Using Observations of Individual Consumer Purchases. Western Economic Journal 11, 411--428.
Beavis, Brian, and Ian Dobbs. (1990) Optimization and Stability Theory for Economic Analysis. Cambridge, UK: Cambridge University Press.
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Bezanson, Jeff, et al. (2017) Julia: A Fresh Approach to Numerical Computing. SIAM review 59, 65--98. https://doi.org/10.1137/141000671
Binmore, Ken. (1982) Mathematical Analaysis: A Straightforward Approach. : Cambridge University Press.
Bray, M. (1982) Learning, Estimation, and the Stability of Rational Expectations. Journal of Economic Theory 26, 318--39.
Broyden, C.G. (1965) A Class Of Methods For Solving Nonlinear Simultaneous Equations. Mathematics of Computation 19, 577--593.
Carter, Michael. (2001) Foundations of Mathematical Economics. Cambridge, MA: MIT Press.
CASS, DAVID, and KARL SHELL. (1976) "Introduction to Hamiltonian Dynamics in Economics". In Cass, David and Shell, Karl (Eds.) The Hamiltonian Approach to Dynamic Economics, : Academic Press.
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Fleck, Margaret M. () Building Blocks for Theoretical Computer Science. : Self published. http://mfleck.cs.illinois.edu/building-blocks/
de la Fuente, Angel. (1999) Mathematical Methods and Models for Economists. Cambridge, UK: Cambridge University Press.
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de Haan, Lex, and Toon Koppelaars. (2007) Applied Mathematics for Database Professionals. Berkeley, CA: Apress.
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Hoy, Michael, et al. (2022) Mathematics for Economists. Cambridge, MA: MIT Press.
Isaac, Alan G. (2004) PostScript Drawing: An Economist's Guide. Social Science Computer Review 22, 512--530.
James, Gareth, et al. (2023) An Introduction to Statistical Thinking: With Applications in Python. New York, NY: Springer.
Judd, Kenneth L. (1998) Numerical Methods in Economics. Cambridge, MA: MIT Press.
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Langtangen, Hans Petter. (2009) A Primer on Scientific Programming with Python. : Springer.
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Fractals for the Classroom : Complex Systems and Mandelbrot Set by Heinz-Otto Peitgen (Editor), Hartmut Jurgens, Dietmar Saupe, Evan M. Maletsky Vol 2 (September 1992) Springer Verlag; ISBN: 0387977228 (PLEASE NOTE THIS IS VOLUME 2!)
Golub, Gene H. and Charles F. Van Loan, 1996, Matrix Computations (Johns Hopkins Series in the Mathematical Sciences) Johns Hopkins Univ Pr; ISBN: 0801854148
Hiriart-Urruty, Jean-Baptiste, and Claude Lemarechal, Convex Analysis and Minimization Algorithms I: Fundamentals, Comprehensive Studies in Mathematics, vol. 305 (NY: Springer, 1993)
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Beavis, Brian, and Ian Dobbs, Optimization and Stability Theory for Economic Analysis (Cambridge: Cambridge University Press, 1990). (Used only as a reference on mathematical techniques.)
Harville, David A., 1997, Matrix Algebra from a Statistician's Perspective (Springer)
Levy, Haim and Moshe Levy and Sorin Solomon, 2000, Microscopic Simulation of Financial Markets (New York: Academic Press) isbn: 0-12-445890-4
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Powers, Daniel A., 2000, Statistical Methods for Categorical Data Analysis (New York: Academic Press) isbn: 0-12-563736-5
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Dawid, Herbert, 1999, Adaptive Learning by Genetic Algorithms: Analytical Results and Applications to Econom8ic Models 2nd Ed (NY: Springer)
Davies, A. J. and Samuels, P., 1996, An Introduction to Computational Geometry for Curves & Surfaces Oxford Applied Mathematics and Computing Science Ser. (Oxford University Press, Incorporated)
Berg, Mark D., 1997, Computational Geometry: Algorithms and Applications (Springer-Verlag New York, Incorporated)
Farin, G., 1988, Curves and Surfaces for Computer Aided Geometric Design (New York: Academic Press)
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