
21 Equations that Shaped the World Economy
Understanding the Theory Behind the Equations
- English
- ePUB (mobile friendly)
- Available on iOS & Android
21 Equations that Shaped the World Economy
Understanding the Theory Behind the Equations
About this book
This accessible and engaging textbook provides an introduction to the equations that have defined economics and shaped the global economy. It not only presents the ideas, concepts, and applications that underpin these equations, but also places them within their broader social and historical contexts. Simple mathematical examples and illustrations of the real-world application of the equations are combined with an overview of the implications to give a complete understanding of the power and importance of each equation.
It will be relevant to economics students wishing to broaden their understanding of mathematics, mathematical economics, applied economics, and the history of economic thought.
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Information
Table of contents
- Cover
- Front Matter
- 1. Compound Interest Rate
- 2. The Normal Distribution
- 3. Ordinary Least Squares
- 4. Production Function and Total Factor Productivity
- 5. The Profit Rate
- 6. General Equilibrium
- 7. Input-Output Analysis
- 8. Break-Even Point
- 9. The Fisher Equation
- 10. Net Present Value
- 11. The Income Accounting Equation
- 12. The Nash Equilibrium
- 13. Capital Asset Pricing Model
- 14. Quantity Theory of Money
- 15. The Cost Function
- 16. The Solow Growth Model
- 17. The Phillips Curve
- 18. The Gravity Equation
- 19. The Granger Causality Equation
- 20. Black-Scholes Formula
- 21. Chaos Theory
- 22. Epilogue
- 23. Mathematical Appendix
- Back Matter
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