Mathematics for Economics and Business, 10th edition

Published by Pearson (March 6, 2023) © 2023

  • Ian Jacques

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Support your students' learning of mathematics with a step-by-step introduction to the field.

Mathematics for Economics and Business, 10th edition, is the ideal introduction to the subject that will support your teaching of First Year students in economics, management or business courses.

Its informal, accessible writing style makes concepts easy to follow and allows your students to progress at their own pace, even those previously daunted by mathematics.

This new, thoroughly updated edition includes new material, examples, and case studies that reflect the how maths is applied in the current business environment and economy, along with an Instructor's Manual that will serve as an invaluable resource for assessment and exam practice.

Hallmark Features of this title

Accessible writing style and a wide range of topics, suitable for all levels.

  • The informal, accessible writing style makes concepts easy to follow and allows your students to progress at their own pace, even those previously daunted by mathematics.
  • The book's wide coverage from elementary to more advanced topics makes it suitable for students of all levels for any economics or business degree, regardless of their prior mathematical knowledge.

A range of examples, case studies, practice questions, and exercises for your students' critical understanding of the topics.

  • Worked examples in each chapter relate concepts to real-world economic and business-related issues.
  • Practice exercises offer challenging problems that stretch those who have studied Maths in greater depth, with answers provided at the back of the book.

New and updated features of this title

New and updated material and features enhance your students’ understanding of the topics.

  • New material on the second-order conditions for Lagrange multipliers and a new section on Lorenz curves and Gini coefficients have been added.
  • A new question bank with over 200 solved short and long questions has been introduced with the Instructor’s Manual which is an invaluable resource for assessment and exam practice.

New examples and case studies keep your students up to date with recent advancements in the world of business.

  • New case studies are now included which offer a link between mathematics and the world of business, considering all major changes and developments in the real-world business environment.
  • Updates in certain worked examples and problems reflect the wider context of economic developments and changes in the business world.

Features of MyLab Math for the 10th Edition.

Personalise learning with MyLab Math
  • Organise learning, with problems, exercises and examination-style questions arranged by chapter.
  • Suited to different levels of knowledge and understanding, including those with little or no prior knowledge of Mathematics.
  • Plan your teaching by building your own tests, quizzes, and homework assignments tailored to your students' needs.
A comprehensive set of online resources for quizzes and tests or practice before or after class can be assigned to your students with MyLab Math.
  • Set problems and exercises to help students consolidate what they are learning in teaching sessions, and monitor students’ progress via the reports in the Gradebook
  • Equips your students with knowledge of what they have learnt so far, allowing them to pinpoint the areas they need to improve, making their study more efficient.
  • 21 new questions with feedback have been added with the Mathematics for Economics and Business MyLab Math 10th edition to focus more on complex topics and 30 questions have been updated so that the feedback solution provides more clarity for students.
  • 70 exercises in this MyLab Math are higher-level questions and are applications-based, relating mathematics to real business situations and have been designed specifically to challenge more able students.
  • Preface
  • INTRODUCTION: Getting Started
  • Notes for students: how to use this text  
  • Tour of textbook features 

CHAPTER 1 Linear Equations

  • 1.1 Introduction to algebra  
  • 1.2 Further algebra
  • 1.3 Graphs of linear equations
  • 1.4 Algebraic solution of simultaneous linear equations
  • 1.5 Supply and demand analysis
  • 1.6 Transposition of formulae
  • 1.7 National income determination 
  • Case study 1 
  • Formal mathematics
  • Multiple-choice questions
  • Examination questions

CHAPTER 2 Non-linear Equations

  • 2.1 Quadratic functions  
  • 2.2 Revenue, cost and profit  
  • 2.3 Indices and logarithms  
  • 2.4 The exponential and natural logarithm functions  
  • Case study 2 
  • Formal mathematics
  • Multiple-choice questions  
  • Examination questions  

CHAPTER 3 Mathematics of Finance

  • 3.1 Percentages  
  • 3.2 Compound interest  
  • 3.3 Geometric series 
  • 3.4 Investment appraisal 
  • Case study 3 
  • Formal mathematics 
  • Multiple-choice questions  
  • Examination questions

CHAPTER 4 Differentiation

  • 4.1 The derivative of a function 
  • 4.2 Rules of differentiation  
  • 4.3 Marginal functions
  • 4.4 Further rules of differentiation
  • 4.5 Elasticity
  • 4.6 Optimisation of economic functions  
  • 4.7 Further optimisation of economic functions
  • 4.8 The derivative of the exponential and natural logarithm
  • Case study 4 
  • Formal mathematics
  • Multiple-choice questions
  • Examination questions

CHAPTER 5 Partial Differentiation 

  • 5.1 Functions of several variables 
  • 5.2 Partial elasticity and marginal functions
  • 5.3 Comparative statics
  • 5.4 Unconstrained optimisation
  • 5.5 Constrained optimisation 
  • 5.6 Lagrange multipliers 
  • Case study 5 
  • Formal mathematics
  • Multiple-choice questions  
  • Examination questions

CHAPTER 6 Integration 

  • 6.1 Indefinite integration  
  • 6.2 Definite integration
  • Case study 6 
  • Formal mathematics  
  • Multiple-choice questions
  • Examination questions

CHAPTER 7 Matrices 

  • 7.1 Basic matrix operations
  • 7.2 Matrix inversion
  • 7.3 Cramer's rule
  • Case study 7 
  • Formal mathematics
  • Multiple-choice questions
  • Examination questions

CHAPTER 8 Linear Programming 

  • 8.1 Graphical solution of linear programming problems 
  • 8.2 Applications of linear programming
  • Case study 8 
  • Formal mathematics  
  • Multiple-choice questions  
  • Examination questions 

CHAPTER 9 Dynamics 

  • 9.1 Difference equations  
  • 9.2 Differential equations
  • Case study 9 
  • Formal mathematics  
  • Multiple-choice questions  
  • Examination questions 
  • Answers to Problems 
  • Glossary
  • Index

Ian Jacques was formerly a Senior lecturer in the School of Mathematical and Information Sciences at Coventry University. He has considerable experience teaching mathematical methods to students studying economics, business and accounting.

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