Abstract
Over the course of years applied mathematical economics has developed in three phases: understanding of the concept of economic equilibrium through equations and algebraic systems, analysis of optimization and stability in relation to economic theory and lastly, problems of modeling large-scale economic systems. The last phase is still continuing and includes such topics as: econometric modeling, disequilibrium analysis, and modeling economic policy as stochastic control and differential games. Besides, there are abstract constructions like purely exchange economies, super game models, and abstract general equilibrium models involving random elements.
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© 1987 Springer Science+Business Media Dordrecht
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Sengupta, J.K. (1987). Introduction to Mathematical Economics. In: Applied Mathematics for Economics. Theory and Decision Library, vol 7. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-2845-9_1
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DOI: https://doi.org/10.1007/978-94-009-2845-9_1
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-7779-8
Online ISBN: 978-94-009-2845-9
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