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#1 (permalink) |
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Eager!
![]() Join Date: May 2006
Posts: 30
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Which Math book should I choose?
Hi everyone,
Im starting graduate studies this fall. I have a good math background (calc /algebra sequence, advanced stats, adv metrics, dynamic syst, basic real anal); however, I finished underg three years ago, and it has been 4 years since I last studied pure math, so I'll have to review some basic topics Im trying to decide which math book to approach the first semester... any recomendations? Which one from the following three do you recomend? De la Fuente “Mathematical Methods and Models for Economists” (Cambridge, 1e: 2000) Simon / Blume “Mathematics for Economists” (W.W. Norton, 1e: 1994) ☼ Chiang's "Fundamental Methods of Mathematical Economics," Congrat to all admmision champions |
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#3 (permalink) |
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TestMagic Guru-in-Training
![]() ![]() ![]() Join Date: Sep 2005
Location: Cambridge, MA
Posts: 594
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It has been almost two years since I read Chiang and Simon/Blume, so if I say something wrong, please forgive me.
Chiang is a bit dated (and thus a bit simplistic), but still seems somewhat relevant. There is a lot of emphasis on second order conditions, which in my experience are not stressed much in the first year program. Simon/Blume is a nice book with a decent coverage of a sizable chunk of the relevant topics. Neither book delves into many of the linear algebra topics that will be useful for econometrics nor into dynamic programming, which is quite widespread in macro. De la Fuente is an awesome book, but it might be a little too much to study on one's own. It is very comprehensive, detailed, and has nice notation, but it is a bit on the difficult side, where as both Chiang and Simon/Blume are very accessible. Another book that I would highly recommend is Dixit's Optimization. It is a think book (~150 pages?), and it covers all the optimization theory you are likely to encounter in your first year. It does so from a different perspective than most other texts, so it will be both a good review and you will learn new things. In addition, it is significantly cheaper than the three books you mentioned. It does have a section on dynamic programming, but I haven't read it, so I don't know how good it is. It does NOT cover any topics relevant to econometrics, however. (Well, optimization is very relevant for extremum estimators, but that will come later in the year.)
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MIT Economics, class of 2011 |
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#4 (permalink) |
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TestMagic Guru
Moderator
Join Date: Mar 2006
Location: Ann Arbor
Posts: 1,302
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I'll second (or third) Simon and Blume. It's exactly what you are looking for -- a good review of math you've already been exposed to.
Another excellent optimization book is Sundaram's "A First Courst in Optimization Theory." |
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#5 (permalink) |
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researchin'
Join Date: Mar 2005
Location: St. Louis, MO
Posts: 74
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de la fuente is amazing. It's what I've been looking for. I'm so happy with it, I have tears in my eyes. All the stuff I gloss over in papers because, frankly, I don't get it...well, here it is explained with utter clarity. I think I'm in love.
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