MATHEMATICS FOR
ECONOMICS AND FINANCE
MICHAEL HARRISON AND PATRICK WALDRON
,Mathematics for
Economics and Finance
The aim of this book is to bring students of economics and finance who have only an
introductory background in mathematics up to a quite advanced level in the subject, thus
preparing them for the core mathematical demands of econometrics, economic theory, quan-
titative finance and mathematical economics, which they are likely to encounter in their
final-year courses and beyond. The level of the book will also be useful for those embarking
on the first year of their graduate studies in Business, Economics or Finance.
The book also serves as an introduction to quantitative economics and finance for math-
ematics students at undergraduate level and above. In recent years, mathematics graduates
have been increasingly expected to have skills in practical subjects such as economics and
finance, just as economics graduates have been expected to have an increasingly strong
grounding in mathematics.
The authors avoid the pitfalls of many texts that become too theoretical. The use of math-
ematical methods in the real world is never lost sight of and quantitative analysis is brought
to bear on a variety of topics including foreign exchange rates and other macro level issues.
This makes for a comprehensive volume which should be particularly useful for advanced
undergraduates, for postgraduates interested in quantitative economics and finance, and for
practitioners in these fields.
Michael Harrison is Emeritus Senior Lecturer and Fellow of Trinity College Dublin,
where he lectured from 1969 to 2009. He currently lectures in the School of Economics
at University College Dublin.
Patrick Waldron is a graduate of the Universities of Dublin and Pennsylvania and a
Research Associate in the Department of Economics at Trinity College Dublin.
February 12, 2011 11:1 Pinched Crown A Page-i HarrWald
,February 12, 2011 11:1 Pinched Crown A Page-ii HarrWald
, Mathematics for
Economics and Finance
Michael Harrison and
Patrick Waldron
February 12, 2011 11:1 Pinched Crown A Page-iii HarrWald
ECONOMICS AND FINANCE
MICHAEL HARRISON AND PATRICK WALDRON
,Mathematics for
Economics and Finance
The aim of this book is to bring students of economics and finance who have only an
introductory background in mathematics up to a quite advanced level in the subject, thus
preparing them for the core mathematical demands of econometrics, economic theory, quan-
titative finance and mathematical economics, which they are likely to encounter in their
final-year courses and beyond. The level of the book will also be useful for those embarking
on the first year of their graduate studies in Business, Economics or Finance.
The book also serves as an introduction to quantitative economics and finance for math-
ematics students at undergraduate level and above. In recent years, mathematics graduates
have been increasingly expected to have skills in practical subjects such as economics and
finance, just as economics graduates have been expected to have an increasingly strong
grounding in mathematics.
The authors avoid the pitfalls of many texts that become too theoretical. The use of math-
ematical methods in the real world is never lost sight of and quantitative analysis is brought
to bear on a variety of topics including foreign exchange rates and other macro level issues.
This makes for a comprehensive volume which should be particularly useful for advanced
undergraduates, for postgraduates interested in quantitative economics and finance, and for
practitioners in these fields.
Michael Harrison is Emeritus Senior Lecturer and Fellow of Trinity College Dublin,
where he lectured from 1969 to 2009. He currently lectures in the School of Economics
at University College Dublin.
Patrick Waldron is a graduate of the Universities of Dublin and Pennsylvania and a
Research Associate in the Department of Economics at Trinity College Dublin.
February 12, 2011 11:1 Pinched Crown A Page-i HarrWald
,February 12, 2011 11:1 Pinched Crown A Page-ii HarrWald
, Mathematics for
Economics and Finance
Michael Harrison and
Patrick Waldron
February 12, 2011 11:1 Pinched Crown A Page-iii HarrWald
