Mathematical Methods and Quantum Mathematics for Economics and Finance
Title | Mathematical Methods and Quantum Mathematics for Economics and Finance PDF eBook |
Author | Belal Ehsan Baaquie |
Publisher | Springer Nature |
Total Pages | 439 |
Release | 2020-08-10 |
Genre | Business & Economics |
ISBN | 9811566119 |
Given the rapid pace of development in economics and finance, a concise and up-to-date introduction to mathematical methods has become a prerequisite for all graduate students, even those not specializing in quantitative finance. This book offers an introductory text on mathematical methods for graduate students of economics and finance–and leading to the more advanced subject of quantum mathematics. The content is divided into five major sections: mathematical methods are covered in the first four sections, and can be taught in one semester. The book begins by focusing on the core subjects of linear algebra and calculus, before moving on to the more advanced topics of probability theory and stochastic calculus. Detailed derivations of the Black-Scholes and Merton equations are provided – in order to clarify the mathematical underpinnings of stochastic calculus. Each chapter of the first four sections includes a problem set, chiefly drawn from economics and finance. In turn, section five addresses quantum mathematics. The mathematical topics covered in the first four sections are sufficient for the study of quantum mathematics; Black-Scholes option theory and Merton’s theory of corporate debt are among topics analyzed using quantum mathematics.
Mathematics for Economics and Finance
Title | Mathematics for Economics and Finance PDF eBook |
Author | Martin Anthony |
Publisher | Cambridge University Press |
Total Pages | |
Release | 1996-07-13 |
Genre | Mathematics |
ISBN | 1139643266 |
Mathematics has become indispensable in the modelling of economics, finance, business and management. Without expecting any particular background of the reader, this book covers the following mathematical topics, with frequent reference to applications in economics and finance: functions, graphs and equations, recurrences (difference equations), differentiation, exponentials and logarithms, optimisation, partial differentiation, optimisation in several variables, vectors and matrices, linear equations, Lagrange multipliers, integration, first-order and second-order differential equations. The stress is on the relation of maths to economics, and this is illustrated with copious examples and exercises to foster depth of understanding. Each chapter has three parts: the main text, a section of further worked examples and a summary of the chapter together with a selection of problems for the reader to attempt. For students of economics, mathematics, or both, this book provides an introduction to mathematical methods in economics and finance that will be welcomed for its clarity and breadth.
Mathematical Methods for Financial Markets
Title | Mathematical Methods for Financial Markets PDF eBook |
Author | Monique Jeanblanc |
Publisher | Springer Science & Business Media |
Total Pages | 754 |
Release | 2009-10-13 |
Genre | Business & Economics |
ISBN | 1852333766 |
Mathematical finance has grown into a huge area of research which requires a large number of sophisticated mathematical tools. This book simultaneously introduces the financial methodology and the relevant mathematical tools in a style that is mathematically rigorous and yet accessible to practitioners and mathematicians alike. It interlaces financial concepts such as arbitrage opportunities, admissible strategies, contingent claims, option pricing and default risk with the mathematical theory of Brownian motion, diffusion processes, and Lévy processes. The first half of the book is devoted to continuous path processes whereas the second half deals with discontinuous processes. The extensive bibliography comprises a wealth of important references and the author index enables readers quickly to locate where the reference is cited within the book, making this volume an invaluable tool both for students and for those at the forefront of research and practice.
Quantum Field Theory for Economics and Finance
Title | Quantum Field Theory for Economics and Finance PDF eBook |
Author | Belal Ehsan Baaquie |
Publisher | Cambridge University Press |
Total Pages | 717 |
Release | 2018-08-23 |
Genre | Science |
ISBN | 1108502423 |
An introduction to how the mathematical tools from quantum field theory can be applied to economics and finance, providing a wide range of quantum mathematical techniques for designing financial instruments. The ideas of Lagrangians, Hamiltonians, state spaces, operators and Feynman path integrals are demonstrated to be the mathematical underpinning of quantum field theory, and which are employed to formulate a comprehensive mathematical theory of asset pricing as well as of interest rates, which are validated by empirical evidence. Numerical algorithms and simulations are applied to the study of asset pricing models as well as of nonlinear interest rates. A range of economic and financial topics are shown to have quantum mechanical formulations, including options, coupon bonds, nonlinear interest rates, risky bonds and the microeconomic action functional. This is an invaluable resource for experts in quantitative finance and in mathematics who have no specialist knowledge of quantum field theory.
Mathematical Methods in Finance and Economics
Title | Mathematical Methods in Finance and Economics PDF eBook |
Author | Sarkis J. Khoury |
Publisher | |
Total Pages | 320 |
Release | 1981 |
Genre | Business mathematics |
ISBN |
Mathematical Methods in Economics
Title | Mathematical Methods in Economics PDF eBook |
Author | Norman Schofield |
Publisher | |
Total Pages | 283 |
Release | 1984-01-01 |
Genre | Economics, Mathematical |
ISBN |
Mathematical Methods for Economists
Title | Mathematical Methods for Economists PDF eBook |
Author | Stephen Glaister |
Publisher | Wiley-Blackwell |
Total Pages | 272 |
Release | 1991-01-15 |
Genre | Business & Economics |
ISBN | 9780631137122 |