Peter Morgan

An Explanation of Constrained Optimization for Economists Peter Morgan

Commendation Quotes:"An Explanation of Constrained Optimization for Economists presents fundamental mathematical concepts and tools for economists in innovative ways. The writing is vigorous and precise, yet easy to follow." - Quan Wen, Department of Economics, University of WashingtonCommendation Quotes:"Peter Morgan has written the most student-friendly textbook of its level that I have seen. The organization is logical, the coverage accessible, and the book achieves a nice balance between rigor and intuition." - Jinhua Zhao, Department of Economics, Michigan State UniversityTable of Contents:1. Introduction2. Basics3. Basics of Topology4. Sequences and Convergence5. Continuity6. Hyperplanes and Separating Sets7. Cones8. Constrained Optimization, Part 19. Lagrange Functions10. Constrained Optimization, Part 211. Optimal Solutions and Maximum Values12. Comparative Statics Analysis, Part 113. Differentiable Comparative Statics, Part 2Marc Notes: Includes bibliographical references and index. Commendation Quotes: An Explanation of Constrained Optimization for Economists presents fundamental mathematical concepts and tools for economists in innovative ways. The writing is vigorous and precise, yet easy to follow. - Quan Wen, Department of Economics, University of Washington"Commendation Quotes: Peter Morgan has written the most student-friendly textbook of its level that I have seen. The organization is logical, the coverage accessible, and the book achieves a nice balance between rigor and intuition. - Jinhua Zhao, Department of Economics, Michigan State University"Publisher Marketing: In a constrained optimization problem, the decisionmaker wants to select the optimal choice the one most valuable to him or her that also meets all of the constraints imposed by the problem. Such problems are at the heart of modern economics, where the typical behavioral postulate is that a decisionmaker behaves rationally; that is, chooses optimally from a set of constrained choices. Most books on constrained optimization are technical and full of jargon that makes it hard for the inexperienced reader to gain a holistic understanding of the topic. Peter B. Morgan s Explanation of Constrained Optimization for Economists solves this problem by emphasizing explanations, both written and visual, of the manner in which many constrained optimization problems can be solved. Suitable as a textbook or a reference for advanced undergraduate and graduate students familiar with the basics of one-variable calculus and linear algebra, this book is an accessible, user-friendly guide to this key concept."

Contributor Bio:  Morgan, Peter Peter B. Morgan is an associate professor in the Department of Economics at the University at Buffalo.