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- Publisher Website: 10.1111/j.1467-6419.2010.00655.x
- Scopus: eid_2-s2.0-84864827268
- WOS: WOS:000307162600004
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Article: A primer on mathematical modelling in economics
| Title | A primer on mathematical modelling in economics |
|---|---|
| Authors | |
| Keywords | Utility function Arrow's impossibility theorem Set theory |
| Issue Date | 2012 |
| Citation | Journal of Economic Surveys, 2012, v. 26, n. 4, p. 594-615 How to Cite? |
| Abstract | The Commission on Graduate Education in Economics had raised several concerns regarding the role of mathematics in graduate training in economics (Krueger, 1991; Colander, 1998, 2005). This paper undertakes a detailed scrutinrftxty of the notion of a utility function to motivate and describe the common patterns across mathematical concepts and results that are used by economists. In the process one arrives at a classification of mathematical terms which is used to state mathematical results in economics. The usefulness of the classification scheme is illustrated with the help of a discussion of Arrow's impossibility theorem. Common knowledge of the patterns in mathematical concepts and results could be effective in enhancing communication between students, teachers and researchers specializing in different sub-fields of economics. © 2010 Blackwell Publishing Ltd. |
| Persistent Identifier | http://hdl.handle.net/10722/207915 |
| ISSN | 2021 Impact Factor: 4.142 2020 SCImago Journal Rankings: 1.657 |
| ISI Accession Number ID |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Rai, BK | - |
| dc.contributor.author | So, CK | - |
| dc.contributor.author | Nicholas, A | - |
| dc.date.accessioned | 2015-01-26T11:46:42Z | - |
| dc.date.available | 2015-01-26T11:46:42Z | - |
| dc.date.issued | 2012 | - |
| dc.identifier.citation | Journal of Economic Surveys, 2012, v. 26, n. 4, p. 594-615 | - |
| dc.identifier.issn | 0950-0804 | - |
| dc.identifier.uri | http://hdl.handle.net/10722/207915 | - |
| dc.description.abstract | The Commission on Graduate Education in Economics had raised several concerns regarding the role of mathematics in graduate training in economics (Krueger, 1991; Colander, 1998, 2005). This paper undertakes a detailed scrutinrftxty of the notion of a utility function to motivate and describe the common patterns across mathematical concepts and results that are used by economists. In the process one arrives at a classification of mathematical terms which is used to state mathematical results in economics. The usefulness of the classification scheme is illustrated with the help of a discussion of Arrow's impossibility theorem. Common knowledge of the patterns in mathematical concepts and results could be effective in enhancing communication between students, teachers and researchers specializing in different sub-fields of economics. © 2010 Blackwell Publishing Ltd. | - |
| dc.language | eng | - |
| dc.relation.ispartof | Journal of Economic Surveys | - |
| dc.subject | Utility function | - |
| dc.subject | Arrow's impossibility theorem | - |
| dc.subject | Set theory | - |
| dc.title | A primer on mathematical modelling in economics | - |
| dc.type | Article | - |
| dc.description.nature | link_to_subscribed_fulltext | - |
| dc.identifier.doi | 10.1111/j.1467-6419.2010.00655.x | - |
| dc.identifier.scopus | eid_2-s2.0-84864827268 | - |
| dc.identifier.volume | 26 | - |
| dc.identifier.issue | 4 | - |
| dc.identifier.spage | 594 | - |
| dc.identifier.epage | 615 | - |
| dc.identifier.eissn | 1467-6419 | - |
| dc.identifier.isi | WOS:000307162600004 | - |
| dc.identifier.issnl | 0950-0804 | - |