Mathematical Modeling in Economics and Finance - 9781470448394

Mathematical Modeling in Economics and FinanceProbability, Stochastic Processes, and Differential Equations\nAuthor(s): Steven R. Dunbar\nFormat: Hardback\nPublisher: American Mathematical Society, United States\nImprint: American Mathematical Society\nISBN-13: 9781470448394, 978-1470448394\nSynopsis\nMathematical Modeling in Economics and Finance is designed as a textbook for an upper-division course on modeling in the economic sciences. The emphasis throughout is on the modeling process including post-modeling analysis and criticism. It is a textbook on modeling that happens to focus on financial instruments for the management of economic risk. The book combines a study of mathematical modeling with exposure to the tools of probability theory, difference and differential equations, numerical simulation, data analysis, and mathematical analysis.\n\nStudents taking a course from Mathematical Modeling in Economics and Finance will come to understand some basic stochastic processes and.