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A primer on mathematical modelling in economics Rai, Birendra K., So, Chiu Ki and Nicholas, Aaron 2012, A primer on mathematical modelling in economics, Journal of economic surveys, vol. 26, no. 4, pp. 594-615. Title A primer on mathematical modelling in economics Author(s) Rai, Birendra K. So, Chiu Ki Nicholas, Aaron Journal name Journal of economic surveys Volume number 26 Issue number 4 Start page 594 End page 615 Total pages 22 Publisher Blackwell Publishing Ltd Place of publication Oxford, England Publication date 2012-09 ISSN 0950-0804 1467-6419 Keyword(s) Arrow's impossibility theorem set theory utility function Summary The Commission on Graduate Education in Economics had raised several concerns regarding the role of mathematics in graduate training in economics (Krueger, 1991; Colander, 1998, 2005). This paper undertakes a detailed scrutiny of the notion of a utility function to motivate and describe the common patterns across mathematical concepts and results that are used by economists. In the process one arrives at a classification of mathematical terms which is used to state mathematical results in economics. The usefulness of the classification scheme is illustrated with the help of a discussion of Arrow's impossibility theorem. Common knowledge of the patterns in mathematical concepts and results could be effective in enhancing communication between students, teachers and researchers specializing in different sub-fields of economics. Language eng Field of Research 149999 Economics not elsewhere classified Socio Economic Objective 970114 Expanding Knowledge in Economics HERDC Research category C1.1 Refereed article in a scholarly journal HERDC collection year 2010 Copyright notice ©2010, Blackwell Publishing Ltd Persistent URL http://hdl.handle.net/10536/DRO/DU:30032686 Document type: Journal Article Collection: Deakin Graduate School of Business Related Links Link Description Connect to published version (restricted access) Go to link with your DU access privileges     Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Versions Version Filter Type Mon, 14 Feb 2011, 13:16:55 EST Mon, 14 Feb 2011, 13:22:40 EST Mon, 14 Feb 2011, 13:23:42 EST Wed, 24 Aug 2011, 14:47:36 EST Thu, 12 Jan 2012, 11:49:43 EST Tue, 07 Feb 2012, 11:06:36 EST Mon, 04 Jun 2012, 09:42:28 EST Mon, 04 Jun 2012, 09:44:04 EST Mon, 27 Aug 2012, 12:34:31 EST Mon, 27 Aug 2012, 12:36:30 EST Mon, 27 Aug 2012, 12:37:31 EST Fri, 23 Nov 2012, 09:57:21 EST Fri, 23 Nov 2012, 09:58:17 EST Filtered Full Citation counts:   Cited 1 times in TR Web of Science Search Google Scholar Access Statistics: 278 Abstract Views, 4 File Downloads  -  Detailed Statistics Created: Mon, 14 Feb 2011, 13:16:53 EST by Leanne Swaneveld

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